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| Starting a(n) Custom Items Business Licenses & Tax IDs |
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Hi, I'm Designz By KT LLC
Custom Items
| This is a home business Selling
nationwide. Facebook is used as a platform. I also use instagram for promotions. |
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| | | | | Custom Items
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You can choose to be a(n) Custom Items :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Goose Creek Business Tax Registration (
Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) Custom Items business using a fictitious business name in
Berkeley 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)
Custom Items
business and you name it "Superior
Custom Items
Group". You will need to file a fictitious business name for that name.
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In addition note that in
SC
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 SC Federal Tax Id Number ($29) and a(n) SC State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Goose Creek, Incorporate in SC or form a(n) SC 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 Custom Items business instead of just filing a fictitious business name (dba),
it will help you avoid personal liability from wrongs arising from your business dealings and you will not have to file the Goose Creek business name.
Instead of just registering your Berkeley County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in
SC or form an SC 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). .
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