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If you have a partner you will need to register the company name and obtain a federal ID.
If you are a service type of business but you also use parts you will need a sellers permit also called a resale license or resale certificate AKA sales tax id or seller's permit to collect taxes and or buy wholesale.
Any businesses that sell prepared food need a seller's sales tax id number license.
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Here is a list of licenses you need to start your own Spring small company.
99% of new businesses are required to get a(n) , Spring
business tax id registration (business license).
Businesses with an trade firm name other than the owner's legal name are required to get a(n) Harris County DBA ( doing business as ) fictitious business name.
On the other hand you may also need a resale id AKA sellers permit if you sell merchandise that is taxable. (A.K.A TXseller's permit, state id, wholesale, resale, reseller certificate).
In addition you will need a federal and a state EIN if you will be an employer.
I.e., a TX Federal Tax Id Number and a(n) TX State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
Spring, Incorporate in TX or form a(n) TX LLC
You have a choice to register a fictitious business name or form an LLC or incorporate.
Finally if you will have more than one owner you will need to obtain a federal tax id number to indentify the partnership.
There is a cicrcumstance that you may not need to register a trade name and that is when you use your full name as a business name if you use your full legal name as a trade name.
Also note that even using your first and last name may not help you avoid filing a DBA if the name has a suffix such as "& associates" etc.
- FIRST STEP: Make sure you get
Upholstery Fabrication related tools such as specific equipment .
- SECOND STEP: Hiring and want to pay less self employment taxes. find where your Spring
business location (you home can be a business location).
- THIRD STEP: Obtain Licenses . Here is the minimum registrations you need:
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If you want to improve your business income set up a corporate entity such as a corporation or LLC. It will look better than a sole ownership and or a general partnership.
Perhaps the sole way of avoiding lawsuits and creditors after your assets such as your home and automobile is to form an LLC or incorporate.
Some tips for reducing your self employment tax among others is to form an S corporation. Then pay yourself in dividents instead of salary because salary is subject to tax but dividents are not.
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