To operate an auto repair shop, you'll likely need a few key licenses and permits:
For an online resale shop, you have two primary business structures to consider:
To operate an online resale shop, you'll likely need:
Note: Specific licensing and registration requirements can vary by location.
First decide on a business structure Mechanic as a Sole Proprietor, LLC/Corp, or Partnership.
Selling/Leasing or if wanting to buy or sell Mechanic merchandise, food, equipment requires a Seller's Permit.
All Mechanic Businesses Using a DBA doing business as name need a DBA Fictitious Business Name
Hiring Mechanic Workers Requires a Federal EIN and a State Tax Number EIN
All Selling Online Businesses (Including Web based, Online, Websites, Home or eBay Businesses) that use a trade business name, need a(n) Rankin County DBA Business Name Registration
Retailers / Wholesalers, (Including Web based, Online, Websites, Home or eBay Businesses) Need a(n) MS Sellers Permit (A.K.A state id, wholesale, resale, reseller certificate).
Employers (Including Web based, Online, Websites, Home or eBay Businesses) Need a MS Federal Tax Id Number and a(n) MS State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in Brandon, Incorporate in MS or form a(n) MS LLC
Brandon Example:
FAQs:
1. Do you have a sense of what business you would like to start?
2. Will be working by myself and be subject to self employment taxes and want to avoid or reduce them.
3. Another investor partner will be part owner of this business.
4. When do I need to get a business license? In what order do I get tax IDs and licenses?
5. Can I use any name to file a business license or do I have to use a business name?
6. So if I set up a corporation I still need to get a business license? Or is it the case that if I have filed an LLC or corproration I will not need a business license?
7. Where should I go get a business license and regiser my business?
A: If you have a passion for being in your own business but do not know what business to start
A: Generally an S corporation is best in reducing self employrment taxes
A: You could get away without filing a dba if you used your name to do business but because you have a partner you will need both a dba and a business tax id number.
A: You need it immediately after or before you start a business. There is no order of getting licenses. You need to get them as soon as possible.
A: Almost any name can be filed as a Doing Business As but not a corporate name with a suffix such as INC or LLC because if you are not a corporation or LLC you cannot use these name to pretend you are one.
A: No, all businesses and all forms of ownership need a business license.
A: Where to file a business license depends on the business state. Some you need to file at the state level others at the county level and yet others at the city level of government.