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 WHOLESALE Craft Supply 50 PCs Handmade Cute 1 Ribbon Bowtie Bows NEW bt021  US $.01
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What different tax ids do I need to open a business out of my home?
I am fixing to open up a business out of my home selling items that i make like tutus, diaper cakes, hospital mums, bows, bow hangers, etc. And I may do a few if any craft shows! What if any kind of state, county, or federal tax id will I need to get. and anything else so nothing is illegal! Also do I have to tax the items? I am from the state of Texas, Brazos county, and city of bryan.
Dear Brook!
Your items mentioned above are defenitely sales taxable and you will need a "State resale license".
I dont know who issues them in Texas, in Calif it is the "Franchise Tax Board". Imagine that Texas has something similar.
as to other id/licenses/ss you dont need a separate Tax ID # (business SS#), you can show income and expenses on your personal income tax return.
Where it gets a little bit tricky is if you want to use a business name and are trying to open a checking account in the name of the business.
Most bank require you to do a DBA (doing business as) filing with your county government, however,
what I have done is open a personal account in my name, than order checks on line, like Intuit Quickbooks,
and put the business name on it. I am doing this for years now with Wells Fargo Bank and never had any
complaints or questions about it from them.
Good Luck
Louis
