Permits and Transportation license information

Starting a(n) Transportation Business Licenses & Tax IDs

Hi, I'm Terry Trucking Business Transportation I am opening a transportation business. I would like to know what I need? Furthermore, I have a truck and I want to pull carts. I have a f250 truck, and I’m going to be hauling RVs and maybe other type loads. I’m based in Florida but will go all over. Not only that, but I wanted to know what type of..., Terry.

Transportation

For Hire Truckload Carriers
Private Fleets
Less Than Truckload Carriers
Household Movers
Inter-modal

I am opening a transportation business. I would like to know what I need? Furthermore, I have a truck and I want to pull carts. I have a f250 truck, and I’m going to be hauling RVs and maybe other type loads. I’m based in Florida but will go all over. Not only that, but I wanted to know what type of business license was needed and all that.

Answer: Hi Terry, here is how you go about registering your Trucking Business in Florida.

For your business registration, we recommend that you obtain an LLC and an EIN to start because you can do this with your home address if you don't already have an office. Then simply change your address.

Transportation, the movement of goods and persons from place to place and the various means by which such movement is accomplished.

First, you after you decide on a legal structure from sole owner, LLC or corporation, you need to obtain an LLC , DBA, or Corporation certificate to register your trade firm name "Big Trucks Little People (BTLP)," because it is legally required.

For example, if you select a partnership or sole owner, you will need to file a Doing Business As (DBA) also called an assumed business name.

Second, You will need to buy your Transportation items, food, truck equipment, or merchandise related to the Transportation from wholesalers tax-free and sell them collecting sales tax.

To legally do that, you will need to obtain a wholesale licensed seller's permit to buy and sell wholesale or retail. The Florida state sales tax rate is curtly 6%.

Thus, an $100 retail purchase has a $6 additional charge as sales tax.

Third, you need a Pompano Beach business tax registration. The tax is a gross receipt tax called a business license, and it is based on your income, employees, and location.

Finally,
If you hire workers, the Florida state income tax withholding is a percentage of the employee's gross taxable wages. Amounts included in wages and subject to mandatory federal withholding are subject to mandatory withholding.

To pay for this and your federal counterpart, you will need to obtain a federal and a state EIN. Minimum Tax Rate for 2021 is 0.31 percent.

You must withhold these amounts from an employee's wages. The law also requires you to pay the employer's portion of two of these taxes: 6.2 percent Social Security tax. 1.45 percent Medicare tax (the “regular” Medicare tax).

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 Business License . In addition, if you use a trade name to conduct business.

The transportation is for transporting people lol it’s a f250 with a 5th wheel, and I’m going to be taking recreational vehicles. 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 employment taxes i.e., get a state identification number. Finally, corporate entities are more prestigious, so though you may need to register for a DBA Doing Business, you may want to consider becoming a corporate or limited liability company.

✔ Biz Structure

You can choose to be a(n) Transportation :

Sole Proprietor,
LLC,
Corporation or
Partnership.
After you decide and select your business entity, you need licensing.

✔ Biz License

Fresno Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) Transportation business using a DBA Doing Business As Trade Name in Fresno County , i.e., starting businesses using a company name other than the legal (given name) owner's name, need a(n) DBA Doing Business As Trade Name Registration. For example, you start a(n) Transportation business and you call it "Ultra Transportation Co". You will need to file a trade firm name for it.

✔ Seller Permit

Also, keep in mind that in CA though, a business license and a DBA is necessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number. (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states).
Seller's Permit

✔ Federal EIN

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.

✔ State EIN

If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID. I.e., a CA Federal Tax Id Number ($29) and a(n) CA State Employer Tax Number

✔ L L C

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Fresno, Incorporate in CA or form a(n) CA LLC .

If you will set up a corporation or form an LLC, you will not have to file a DBA (Doing Business As) unless your corproration or LLC name will be different that the busienss name you will trade under. Businesses that use the full legal name of the owner as a business name do not need to register an assumed business name. So, for example, your name is "John X Doe" and you use that as a business name.

✔ Incorporation

If you do form an Sole Proprietorship llc or incorporate (about $49 plus state fees for most states) your Transportation business instead of just filing a fictitious business name (dba), it will help you avoid legal and financial personal liability arising out of business transactions and you will not have to register the Fresno business name. Instead of filing a Fresno County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in CA or form an CA LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..


Trucking Business FL Transportation FL Pompano Beach
Paying Taxes CA Transportation CA Fresno

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