First decide on a business structure REPAIR SERVICES as a Sole Proprietor, LLC/Corp, or Partnership.
Selling/Leasing or if wanting to buy or sell REPAIR SERVICES merchandise, food, equipment requires a Seller's Permit.
All REPAIR SERVICES Businesses Using a DBA doing business as name need a DBA Fictitious Business Name
Hiring REPAIR SERVICES Workers Requires a Federal EIN and a State Tax Number EIN
For your repair business, you have several options for business entities. An LLC (Limited Liability Company) or an S Corporation could be suitable choices, as they provide personal liability protection and potential tax benefits. The reasons to consider these entities include:
Depending on your location and the specific nature of your repair services, you may need to obtain various licenses and registrations. These could include:
These licenses and registrations help ensure that you are operating legally and in compliance with local regulations.
If you plan to operate under a name other than your own legal name, you will likely need to register your business name as a DBA (Doing Business As) or fictitious name. This is important for several reasons:
Depending on the nature of your repair services and your location, you might need additional special permits. For example:
These special permits ensure that you are operating safely and in accordance with specific regulations related to your trade.
All Selling Online Businesses (Including Web based, Online, Websites, Home or eBay Businesses) that use a trade business name, need a(n) Lafayette 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 Abbeville, Incorporate in MS or form a(n) MS LLC
Abbeville 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. Do I need to file a DBA assumed business name registration? What about a federal tax ID?
4. When do I need to get a business license? In what order do I get tax IDs and licenses?
5. What permits do I need?
6. When Should I File a DBA Doing Business As certificate?
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 need to file a DBA because it is required by law if your business is doing business under a name other than the legal name of the business for sole proprietors and the corporate name if it is an LLC or corporation. You need a federal tax id for a partnership.
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: You need at least a business license and a DBA. If you selling taxable items, you will need a seller's permit. If you are an employer, you will need a federal and state employer number EIN.
A: You need to register an assumed fictitious business name within 30 days of starting your business.
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.