First decide on a business structure scrap metal recycling as a Sole Proprietor, LLC/Corp, or Partnership.
Selling/Leasing or if wanting to buy or sell scrap metal recycling merchandise, food, equipment requires a Seller's Permit.
All scrap metal recycling Businesses Using a DBA doing business as name need a DBA Fictitious Business Name
Hiring scrap metal recycling 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) Lexington County DBA Business Name Registration
Retailers / Wholesalers, (Including Web based, Online, Websites, Home or eBay Businesses) Need a(n) SC Sellers Permit (A.K.A state id, wholesale, resale, reseller certificate).
Employers (Including Web based, Online, Websites, Home or eBay Businesses) Need a SC Federal Tax Id Number and a(n) SC State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in Lexington, Incorporate in SC or form a(n) SC LLC
Lexington Example:
FAQs:
1. How will my business start, grow, and prosper?
2. Do I need to register my business even if I only have a business operated from home?
3. Do I need a business tax registration if I have already registered an LLC?
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. 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. Why do I need a business license?
A: How the hell do I know whether my business will succed you are asking! Exactly our point! You do not need a formal business plan to start a business and to grow a business, but there are sample business plans on this site and it will not hurt to have one. Creating a real business plan is hard work and a pain. But it is hard work that will be rewarded. It forces you to think and come up with something real and doable. Remember: if you fail to plan, you are planning to fail.
A: Yes, because it does not matter if you operate from home. What matters is you are making profit and you need to register your business.
A: Yes, in addition to setting up an LLC you need to register for sales tax, employment tax and business tax if these apply to your business.
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: No, all businesses and all forms of ownership need a business license.
A: You need a business license because government licensing authorities require you get one so you can pay them taxes and comply with safety and health related rules.