You can choose to be a(n) Garment Manufacture :
Blythe Business Tax Registration ( Business License) All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
LLC stands for Limited liability Company
It is one of the legal business entities you need to select to register your business as.
For example, you can set up as a Sole Proprietor Filing a DBA, a partnership or a corporate entity setting up an LLC or S-Corp?
Business legal requirements and tax rules require new businesses to select a business entity such as the sole owner/proprietor, partnership, LLC or corporation. Partnerships are required to file a DBA or LLC or corporation, and sole owners Doing Business As ( DBA ) with a name other than their own full name need to file a DBA or an LLC or corporation.
An LLC or corporation is a better choice than a dba because a DBA ( Doing Business As ) business name filing alone does not protect your personal assets. However, the information can go deeper because the matter is legal and tax related.
On the other hand, an LLC and Corporation are both corporate entities that provide legal and financial protections as well as tax benefits. In short, the LLC is better because it is more flexible to run as far as paperwork is concerned. And an LLC with only one member is treated as an entity disregarded as separate from its owner for income tax purposes (but as a separate entity for purposes of employment tax and certain excise taxes), unless it files Form 8832 and affirmatively elects to be treated as affirmatively. Even though you could incorporate, be a sole proprietor or set up an entity as a partnership or limited liability company, starting a business as a sole owner may be the best choice, especially if you have no clients yet. On the other hand, forming an LLC is always a good choice. SHOULD YOU HIRE AN ATTORNEY OR ACCOUNTANT?
Sometimes, because of the complexity in selecting a legal business structure, you may want to hire an attorney. Of course, if you are unsure, an attorney could help you, but the cost may be prohibitive. On the other hand, an accountant can help you more with taxes related to each entity. For example, if you start a cleaning Manufacturing , paying a few thousand to hire an attorney may be out of your reach. On the other hand, there are cheaper options and you don't have to hire Angelina Jolie's attorneys to register your business. Note that you will most likely need to register your business name, especially if you have a partner. Before deciding on a name, you may want to check business name availability by checking or purchasing such a Manufacturing . We have this Manufacturing here for free when you set up an LLC or file a DBA. WHAT licenses EXACTLY? You will just need regular Business Licenses. Just select the business entity as a sole proprietor, a partnership, Corporation or LLC. Regardless of which one you choose, you will need a general Business License. MINIMUM LICENSING Note that you will have to have minimum licensing for your business or any business: You will need at least a Business License, and an EIN because any venture needs to be made for profit and to pay taxes. For example, you need to pay annual business income tax, sales tax, employment tax and local business tax on your gross income. SALES TAX LICENSING Also, note that perhaps a 30% of Manufacturing businesses need to register for sales tax. For example, if your Manufacturing includes tangible items. For instance, let's say your have a Manufacturing business with a name such as "Manu and Facture," you need a seller's permit to buy the pumps, filters, stones and other supplies wholesale and sell them to clients retail charging them sales tax, collecting it and then turn it to the government using your sales tax ID number and as mentioned above, you need to register the name : with a DBA registration. For example, if you buy a pump for $100, in most states you need to pay another $8 for sales tax unless you have a seller's permit. If you buy wholesale, or will sell any type of Manufacturing related merchandise or anything like forms, moldings, etc in small or large amounts, you will need a Sellers Permit also called a resale license or state ID. For example, if you provide a Manufacturing such as installation of household items such as bubble makers, you will need to charge taxes for those items in a separate bill from your Manufacturing bill. To do that, you need to get a seller's permit that will also help you buy the items wholesale, i.e., without paying sales tax. Most Manufacturing is not taxable. However, some are hybrid manufacturing and products selling business and the parts provided with the manufacturing are taxable. So, if your Manufacturing , especially if it is a Manufacturing to other businesses, may be subject to sales tax in some states. For example, if you bill your client $2,000 for your Manufacturing , you will need to add sales tax as well for the Manufacturing . The rate is about 5%-9% in most states. The implication of this,, as it pertains to the above discussion, is that you will have to obtain a Sellers Permit to collect the sales tax, unless you already have to get one. For example, you will have to obtain a Sellers Permit if your Manufacturing includes touchable items, such as parts, and other materials for repairs or installation that are required for performing your type of Manufacturing .