 | | | |
| |
jewelry sales
Jewelry Sales
Q: Obtain Tax ID Chesterfield Va Home Business Retail Trade Jewelry Sales Chest of Jewls Chesterfield jewelry and crafts.
A: The tax id you need is called a seller's permit and you need it to buy wholesale your jewelry supplies and sell the jewelry retail whether at a store or a fair.
You also need at least a business license and a dba filing because "Chest of Jewls Chesterfield jewelry and crafts," is a fictitious business name.
I.e., that you are doing business as "Chest of Jewls Chesterfield jewelry and crafts," and you need to register that name officially with the government.
You can file any tax id or business document here online.
There are several types of jewelry sales.
There is the type of regular jewelry that we can buy at the jewelry store such as a wedding ring or a gold neclace.
There is also custom made jewelry that is handmade and usually sold in festivals, crafts fairs, swap meets and other places such as regular stores.
Regardless of the type of jewelry you sell, you will need the same licensing as described below.
All Jewelry Sales businesses must be identified either with a federal tax ID or the ss# of the owner if sole proprietorship.
All other business entities, such as LLC, Corp, Partnerships, need a federal tax ID number. In addition, if the business sells any merchandise whether wholesale or retail or if it leases equipment, it will need a sales tax ID number.
Furthermore, employers will need both a federal EIN, and a State EIN.
Finally, if the Jewelry Sales business uses a trade name, the name must be registered with an assumed business name certificate also called a DBA doing business as.
Note that since you have to select a Jewelry Sales business structure, if you select to be an LLC or corporation you will not need to file an assumed business name. |
| | | |
| |
| |
|
|
| | | | |
|