Question:
Myrtle Beach SC 29577
8/14/2019 1:30 AM
Myrtle Beach,
South Carolina
SC.
Repair
Automotive and Auto Body Repair
with
3
Associate Help..
DeXYZstch
InovativeZuniga Full Automotive Care SeCo.
What is the difference between a tax ID and a sales tax ID?
Repair
Automotive and Auto Body Repair
Myrtle Beach Horry County
, SC
29577.
The first thing to decide is what business entity structure to select. There is a sole proprietor, a partnership or a corporation or LLC. If you are a sole proprietor/owner, you will need a business license (business tax registration occupational business license). If you also use a business name to do business, you also need a DBA (Doing Business As). However, if you incorporate or form an LLC, you do not need to register your business name because the LLC name will be your business name.If you will sell any type of merchandise or item in small or large amounts, you will need a seller's permit (sales Tax License ). If decide to hire help, you will need a federal EIN and a state employer ID. |
Automotive and Auto Body Repair | |
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Here is the Licenses you need forAutomotive and Auto Body Repair in
Myrtle Beach, SC.
IMPORTANT:
Requirments below include Internet, Online, Websites, Home or eBay/Amazon Businesses)
Answer:
The following are the Licenses you need to start your Myrtle Beach Business.
99% of new businesses are required to get a(n) , Myrtle Beach
business tax registration.
Businesses with an trade firm name other than the owner's legal name are required to get a(n) Horry County DBA assumed business name certificate.
A business tax ID registration (occupationall business license ) and a DBA Doing Business As Fictious Business Name are ncessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number. (A.K.A South Carolinaseller's permit, state id, wholesale, resale, reseller certificate).
If you are thinking of hiring help, you will need a tax id called a state EIN and an IRS tax id number called an EIN Employer ID Number.
I.e., a SC Federal EIN and a(n) SC State Employer EIN
Instead of filing a fictitious business name DBA Filing in
Myrtle Beach, Incorporate in SC or form a(n) SC LLC
Starting businesses need a tax registration business ID ( AKA business license or home occupation permit.) A sole owner can obtain a federal tax ID number (recommended) to use it as a business tax ID. This is because a business must be identified with a business tax ID. If it does not have a federal tax ID a sole proprietor uses his or her social security card to identify the business. However, if the business is a sole proprietor, it does not need a tax ID unless it is an employer, in which case it will need a federal ID and a State Employer ID (employer identification number).
Finally starting businesses must choose a business legal/tax structure. There are 4 major business entity structures: 1. A sole proprietorship a partnership an LLC and a corporation. You can select any one of them.
Corporations and LLCs need the business tax registration license and a federal tax ID number.
Business License