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| Starting a(n) tire shop Business Licenses & Tax IDs |
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Hi, I'm ORTEGA Tire Shop
Tire Shop
| tire shop location beside main frontage road. Will sell new and used tires. also will have quick automotive repairs.
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, ORTEGA. |
Hi, I'm Aiden Lllc
Tire Shop
| 76621 Lllc Aiden Billy Ray's Tire Shop Sole Proprietorship 3654 Tire Shop 2 Abbott TX |
, Aiden. |
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| | | | | tire shop
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Hello I want to open a tire shop I have a few questions. I’m trying to find out if I need additional licenses Can the semi business operate under 1 business The state of operation will be out of Quincy Florida I would like to open a tire shop business and would like to know where i can get certificate.
tire shop
Business Licensing Information.
All businesses need a business license. If you sell any merchandise, you may want to obtain a resale ID first. Then all businesses are legally required to get a tire shop business license. In addition, if you use a trade name to conduct business. Also, keep in mind that if you decide to hire employees, you will need to apply and get an IRS EIN and register for state tire shop employment taxes i.e., get a state identification number. Finally, corporate entities are more prestigious so though you may need to register a tire shop DBA Doing Business As you may want to consider becoming a corporation or limited liability company. |
You can choose to be a(n) Tire Shop :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Abbott 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) Tire Shop business using a fictitious business name in
Hill 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)
Tire Shop
business and you name it "Superior
Tire Shop
Group". You will need to file a fictitious business name for that name.
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In
TX
you need a resale ID ( AKA seller's permit) if you selling touchable items.
(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 TX Federal Tax Id Number ($29) and a(n) TX State Employer Tax Number
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Abbott, Incorporate in TX or form a(n) TX LLC .
You have a choice to file a DBA or form an LLC or incorporate.
If you will do business under your first and last legal name you will not need to get a fictitious business 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 Tire Shop 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 Abbott business name.
In lieu of recording a Hill County trade company name (our filing service fee includes trade name registration and newspaper legal publication for 4 weeks) you can also form a corporation in
TX or form an TX 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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