99% of new businesses are required to get a(n) , business tax registration.
Β Businesses with an trade firm name other than the owner's legal name are required to get a(n) Β DBA assumed business name certificate. Β
Β Β You may also need a resale license if you selling touchable items. Β (A.K.A seller's permit, state id, wholesale, resale, reseller certificate).
Β Β Β In addition you will need a federal and a state EIN if you will hire employees. I.e., a Federal Tax Id NumberΒ and a(n) Β State Employer Tax NumberΒ Β
Β Β Β Instead of filing an Assumed Trade Firm business name ("DBA" Doing Business As) in ,Β set up a coporation in Β orΒ set up a(n) LLCΒ
Here's How to Get Your Seller's Permit and Other permits and Registrations You May Need.
Seller's Permit, LLC, DBA, Licenses & Tax IDs Requirements:
Hello! Great question β a sellerβs permit (also called a sales tax permit, sales and use tax permit, or resale certificate depending on the state) allows you to legally collect sales tax from customers and purchase items for resale without paying sales tax.Hereβs a breakdown tailored to your example and situation:β What a Sellerβs Permit CoversA seller's permit allows you to:Collect sales tax on taxable goods/services in your state. Buy wholesale products tax-free if you are reselling them.Sell tangible goods β this typically includes physical products like:Hair extensionsWigsHair toolsHair products (if taxable in your state)Accessories, etc.If youβre operating a salon and selling hair purchased from Hong Kong, a sellerβs permit would let you buy the hair wholesale and resell it to your clients without paying sales tax at the time of purchase (you collect it when you sell).π§Ύ Goods You Can Sell with a Sellerβs PermitGenerally, any tangible personal property that is subject to sales tax in your state.Typical items include:Hair extensions (real or synthetic)WigsHaircare products (shampoo, conditioner, styling)Flat irons, blow dryersMakeup and beauty productsFashion accessories (earrings, lashes, etc.)π‘ Services (like haircuts or braiding) may or may not be taxable depending on your state. Some states tax personal services, others donβt. Check your stateβs tax rules. πΌ Buying from Overseas (like Hong Kong)When importing hair from Hong Kong, you may be responsible for:Customs dutiesImport taxes Shipping costsYouβll typically still charge sales tax to your customers based on the final retail price when selling in the U.S.π·οΈ Do I Need Anything Else?In addition to the seller's permit, you might also need:Business license (from your city or county)DBA (Doing Business As) if using a name different from your legal nameResale certificate β allows you to buy goods wholesale without paying sales tax Importation account β if frequently importing from abroad
First decide on a business structure Perfume Sales as a Sole Proprietor, LLC/Corp, or Partnership.
β Step 2 All Perfume Sales Businesses need a , Business tax registration also called an occupation business License β Step 3 Selling/Leasing or if wanting to buy or sell Perfume Sales merchandise, food, equipment requires a Seller's Permit. β Step 4 All Perfume Sales Businesses Using a DBA doing business as name need a DBA Fictitious Business Name β Step 5 Hiring Perfume Sales Workers Requires a Federal EIN and a State Tax Number EIN
Selling/Leasing or if wanting to buy or sell Perfume Sales merchandise, food, equipment requires a Seller's Permit.
All Perfume Sales Businesses Using a DBA doing business as name need a DBA Fictitious Business Name
Hiring Perfume Sales Workers Requires a Federal EIN and a State Tax Number EIN