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HERE IS WHAT LEGAL DOCUMENTS YOU ARE REQUIRED TO HAVE TO START YOUR BUSINESS      Fees

Business Legal Structure

DBA / Trade Business Name Filing Federal Tax Id  EIN State Tax Id EIN Reseller's License Business License Corporation / LLC Filing

Sole Owner or Partnership with  employees & selling taxable items x  1* x x x x  
Sole Owner / Partnership/ Selling Taxable Items - no employees x 1*      x x  
Sole Owner / Partnership/ with employees - not selling taxable items x  1* x x   x  
Sole Owner / Partnership/ no employees and not selling taxable items x  1*       x  

1. * (Required if you do business in a name other than your own personal name)  -  Bold "X" = All Business Need It


 


 

Corporation / LLC  with  employees & selling taxable items

 

x  1*

 

x

 

x

 

x

 

x

 

x

 Corporation / LLC with employees - not selling taxable items x  1* x x   x x
Corporation / LLC Selling taxable items - no employees x  1* x   x x x
Corporation / LLC  no employees and not selling taxable items x  1* x     x x
 

 

1. *(Required if you do business in a name other than your own personal name - for example if you do business as your name (Al Pacone) you don't need a Ficticious business.  However, if you business  name is "John's Consulting" you need a DBA / trade / DBA  Registered .  (Required if the corporations do business in a name other than the corporation's name... more...click here )

*You need a Corporation or A DBA if you do business in a name other than your own personal name
*(you need it if you don't want to use your soc. sec. # to open a bank account - note: you are required to have it if you are a corporation)  Note that all businesses need a Business Licence and are advised to obtain a federal tax id to open a bank account.

 

In general, corporations need a federal tax id and a Business Licence;

Employers need a federal tax id, a state tax id and a Business Licence;

Wholesalers or retailers of  tangible taxable items need a seller's permit / Sales Tax Id and a Business Licence;

Individuals, partnerships, and corporations need a Assumed Business Name Registered if the business name used is different from personal or legal name.

Note that all businesses need a Business Licence and are advised to obtain a federal tax id to open a bank account.

 

Example 1: you are an individual that sells toys, and you business name is not your personal first and last name - you need a seller's permit, a Business Licence and a trade / DBA Registered .

Example 2. You are a partnership that provides consulting services,  and has employees.  You are required to have a federal tax id EIN, a state tax id EIN, a Business Licence, and a DBA.

Example 3. You are a corporation selling widgets on eBay, but have no employees - you need a federal tax id, a Business Licence, and a seller's permit.  Note that if your corporate name is different from your online business name, you also need a trade / DBA Registered ( example you are "Xyz, inc"  doing business as "Widgets Online Are Us").


"x" means that you need to Apply, Register & Get this legal document

Do I need a Corporation or a DBA?

What is The Process of Buying and Receiving these Documents?  

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