|
| Starting a(n) bakery Business Licenses & Tax IDs |
|
|
| | | | | bakery
| |
| A bakery or baker shop is an establishment which produces and sells flour-based food baked in an oven such as bread, cakes, pastries and pies. Some retail bakeries are also cafes, serving coffee and tea to customers who wish to consume the baked goods on the premises. Catering is mainly part of the food service industry: Here are the types of catering services such as: Catering part of the Food service Mobile Catering Event Catering Box Lunch Catering Caterers prepare foods, maket it attractive and set up buffet style booths for self service. This business requires a sales tax ID number to buy the baked materials and prepared food wholesale and sell it retail at events and or a store. If you like to bake or you just get a lot of praise from friends, starting a bakery is something you might like. Starting a bakery business will mean that you from now on will have to cater to your clients wishes as opposed to your own wishes. You do not have to be an expert baker to start a bakery business but if you want to take some art classes to learn how to be more creative, it might help you. If you will bake from home here is an article that will help you. |
You can choose to be a(n) Bakery :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Romeoville Business Tax Registration (
Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
|
A(n) Bakery business using a fictitious business name in
Will County
i.e. you are a business with a trade name other than the owner's legal (full name) name are required to get a(n)
fictitious business name.
For instance you open a(n)
Bakery
business and you name it "Superior
Bakery
Group". You will need to file a fictitious business name for that name.
|
In addition note that in
IL
you may also need a seller's permit if you sell merchandise that is taxable.
(A.K.A state id, wholesale, resale,
reseller certificate, about $39 for most states).
Seller's Permit
Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors.
An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients.
IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID.
However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a
business tax ID number.
However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting
a federal tax ID number.
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a IL Federal Tax Id Number ($29) and a(n) IL State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Romeoville, Incorporate in IL or form a(n) IL LLC .
You have a choice to file a DBA or form an LLC or incorporate.
There is a cicrcumstance that you may not need to register a trade name and that is when you use your full name as a business name if you use your full legal name as a trade name.
Also note that even using your first and last name may not help you avoid filing a DBA if the name has a suffix such as "& sons" etc.
If you do form an Sole Proprietorship llc or incorporate (about $49 plus state fees for most states) your Bakery business instead of just filing a fictitious business name (dba),
that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Romeoville business name.
Instead of just registering your Will County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
IL or form an IL LLC (starts @ $49 plus state fee for most states & includes required documents such as bylaws for the corporation and Limited Liability operating agreement for the LLC). .
|
|
|
|
|
| | |
| |
|
|
|