2006-06-22 09:03:42 · 5 answers · asked by matt j 1 in Business & Finance ➔ Small Business
You'll have to charge sales tax to those buying within your state. To do that, you'll need a sales tax number. Ask a local retailer where to get the application. It's illegal to do business and not charge residents the sales tax.
To buy from suppliers within your state, you'll need the tax number to give them (because as a retailer you are exempt from paying the sales tax on items you buy for resale); otherwise your supplier will have to charge you sales tax.
You'll also need an assumed name (dba..."doing business as") certificate to be on file with the county clerk. That's a legal requirement in most states. You'll have to go to the county courthouse to fill out that form. You can ask them there how to go about getting the sales tax number.
2006-06-22 09:18:37 · answer #1 · answered by The Invisible Man 6 · 0⤊ 0⤋
It depends on how your business is set up. Depending on the requirements of your state for establishing a business unit, you might need a tax id (either an EIN or your own SSN) for tax reporting purposes. Your Secretary of State should be able to answer your questions, and probably has commonly asked questions listed on their website.
From personal experience, it is easier to keep tax records separated if you establish an EIN for the business. The process only took a few minutes over the phone with the IRS, once I had a business license from my state.
2006-06-22 09:10:51 · answer #2 · answered by Curious 3 · 0⤊ 0⤋
No you don't. You don't need to worry about that unless you incorporate of start hiring a lot of employees.
2006-06-22 09:05:52 · answer #3 · answered by star13769 2 · 0⤊ 0⤋
have a five minute chat with a cpa in your town.
2006-06-22 09:25:47 · answer #4 · answered by frytenbythesound 2 · 0⤊ 0⤋
personaly, i would. you never know what could happen.oh and good luck!:)
2006-06-22 09:11:21 · answer #5 · answered by Priscilla M 1 · 0⤊ 0⤋