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The
Following are Recommended
All those who want to be
protected from personal, civil
and financial liability
should Get a
corporation or LLC
and a
federal
Tax Id Number
and comply with the license
requirements above.
All Online Businesses
should have a
web site
and a merchant account,
All those
who want to build
corporate
business credit
should
Get a
corporation or LLC
and a
federal
Tax Id Number
and comply with the license
requirements above.
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In this you
will learn whether you need:
If you already decided on the type of
service or product to sell, you are
ready to start your business.
The next thing you need is to choose a
legal business entity:
There are advantages
and disadvantages of sole
proprietorship, partnership and
corporation. However, if you are
ready to operate your business,
just go ahead and get the required
documents:
First,
legally,
all businesses must
file and record
a
Business Fictitious Trade Name
(otherwise called an assumed name, firm
name or trade Business Fictitious Trade Name ) or
Incorporate the Business if
they do business in a Business Fictitious Trade Name
(e.g., Carpet Express)
other than their own personal name
(e.g., John Smith),
a
Business Fictitious Trade Name ,
or
Incorporate.
Benefits: You need a
Business Fictitious Trade Name statement
certificate or a corporation
certificate so you can open a
merchant or business bank account,
discourage competitors from using
your Business Fictitious Trade Name , and enforce
contracts you entered into under the
Business Fictitious Trade Name .
Second,
legally,
all businesses that have employees, or
are a corporate business entity such
as a corporation, LLC, or Limited
Partnership, must Get a federal Tax Id Number Number. Note that you may
need a federal Tax Id Number to Get a
Wholesaler's or Retailer's Buyer's License and you definitely are
required to have one if you have
employees.
What is a federal Tax Id Number Number?
In addition, think about it... You open
a business bank
account using your social security
number.... a check bounces... whose
credit is ruined? Protect your
credit. Get a federal id and
use it to open a business bank account.
Third,
legally, in most cases, businesses that
have employees must Get a
State Employer Number (EIN) Number: EIN Employer ID.
Note that you need to have a federal Tax Id Number before you can get a State Employer Number (EIN) Number.
Fourth,
In General, it is unlawful
for any person, to carry on any
business, trade, profession, calling,
occupation or gainful activity without a
Wholesaler's or Retailer's Buyer's License if the business buys to resell or
sells wholesale or retail taxable
services or tangible items.
A
Resale License
is the
same as a Seller's
Permit, Sales Tax Certification,
Wholesale License. Example, you
sell computers or clothing online or on
eBay in California (CA) ... you need a sellers
permit to buy wholesale tax free.
When you sell, you charge taxes (collect
taxes) to pay to government later.
You also need a Wholesaler's or Retailer's Buyer's License if the
services you provide are taxable to the
public.
Business License or Permit :
legally
, in most cases, all businesses
must be licensed before they can
begin to operate. If an individual
or company is found either operating a
business or conducting business without
a Business License or Permit , he or she will be
subject to significant fines and/or
penalties.
Note: you need a
Business Fictitious Trade Name to open a bank account -
not a
business
license.
Click Here for More...
See
a Table of Required Documents
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After You Get Your
Required
Business
Licenses,
You Will Need The Following:
 
 
Starting a Business in California (CA)
California (CA) Business Start-Up Checklist
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