Starting a(n) Eyelash Extensions Supplies Business Licenses & Tax IDs

Hi, I'm Emmylou Las Vegas NV I have an online eyelash extension supply store. I will buy my supplies wholesale from China. Furthermore, I will sell to customers all over the US from my home. Do I need an LLC or what licenses do I need?
Hi Emmylou, I love lashes as well. First, you can use an LLC to register the business name: ..., Emmylou.

Eyelash Extensions Supplies

A: If you are starting your beauty supply in 78248 as a a selling hair and wigs from home and and want to buy from the wigs wholesale , you will need the seller's permit.... so, you would need at least a business license, a seller's permit, an EIN and a DBA, LLC or corporation.REQUIRED LLC LIMITED LIABILITY DOCUMENTS AND LICENSES
LLC Refers to the Beauty Supply Legal Company Structure
The legal structure is selected during business registration. If you choose to be an LLC , you do not need to file a Doing Business As (DBA) Certificate . About 60% of new businesses select an LLC when selecting a corporate structure. For example, if you are a sole owner, you can file a DBA and so select the sole proprietorship structure or select the LLC structure to be a Beauty Supply corporate entity because LLC s afford corporate protections such as business and personal liability protections. Thus, when starting a business whether an online, home, store, concession stand or a mobile cart, you will need to first select among sole owner/proprietor, partnership, LLC or corporation, all of which also require a General Business License (not a specific license to your type of business, necessarily but a requirement for LLC companies as well as for any business) b) as well. If you decide to be a sole proprietorship instead of an LLC , and trade name is a business name other than your full personal legal name, you will need to file a Doing Business As (DBA) Certificate . For instance, your name is John Doe, and you do business as Best Items By John, the name must be registered with a DBA Biz Name document called a DBA certificate because Best Items By John, is not your full legal name. Also, note that whatever item that you sell or lease and it is an item that can be touched (i.e., tangible such as equipment, toys, merchandise, electronics, prepared food) requires a state sales tax ID ( Sellers Permit ) to either buy or sell the items or products wholesale and or sell them retail. If you or your LLC are hiring workers within the next 30 days, you will need a Federal EIN and a State EIN (employer identification number). Even though if you treat the LLC as a disregarded entity, you can use your social security to conduct business, it is not recommended. Other instances that you will need a federal tax ID are: if you are a partnership, an independent contractor, and a corporation or an LLC treated as a corporation. You can also obtain a federal tax ID as a sole proprietor and use it as a business tax ID in the place of a social security number. However, all businesses need at least 2-5 Beauty Supply business registration so you will still need other registrations, such as licenses, an assumed business name DBA, and tax IDs as described above. Finally, even one person, sole owner/proprietors working from home or just online can form a LLC or incorporate, in which case, they will not need to file a DBA and they will be members of the LLC .

I have an online eyelash extension supply store. I will buy my supplies wholesale from China. Furthermore, I will sell to customers all over the US from my home. Do I need an LLC or what licenses do I need?

Hi Emmylou, I love lashes as well. First, you can use an LLC to register the business name: "I Love Lashes". On the other hand, you can also use a DBA or corporation to register as well because in addition to limiting your liability, an LLC and/or a corporation also registers your business name. For example, an LLC limits both your business and personal liability. In Las Vegas NV, you will also need 3 other business licenses: a city, a county and a state business license as well as an EIN. Finally, because eyelash extension supplies are subject to sales tax. I.e., you need the seller's permission to collect the sales tax. REQUIRED LLC LIMITED LIABILITY Eyelash Extensions Supplies DOCUMENTS AND LICENSES

LLC Refers to the Eyelash Extensions Supplies Legal Company Structure
The legal structure is selected during business registration. If you choose to be an LLC , you do not need to file a Doing Business As (DBA) Certificate.

About 60% of new businesses select an LLC when choosing a corporate structure. For example, if you are the sole owner, you can file a DBA and so select the sole proprietorship structure or select the LLC structure to be a corporate entity because LLC s afford corporate protections such as business and personal liability protections.

Thus, when starting an Eyelash Extensions Supplies business whether an online, home, store, concession stand or a mobile cart, you will need to first select among sole owner/proprietor, partnership, LLC or corporation, all of which also require a General Business License (not a specific license to your type of business, necessarily but a requirement for LLC companies as well as for any Eyelash Extensions Supplies business) b) as well. If you decide to be a sole proprietorship instead of an LLC , and the trade name is a business name other than your full personal legal name, you will need to file a Doing Business As (DBA) Certificate .

For instance, if your name is John Doe, and you do business as "I Loves Lashes", the name must be registered with a DBA Biz Name document is called a DBA certificate because "I Loves Lashes" is not your full legal name. Also, note that whatever item that you sell or lease, and it is an item that can be touched (i.e., tangible items such as equipment, toys, merchandise, electronics, prepared food) requires a state sales tax ID (Seller's permit) to either buy or sell the items or products wholesale or sell them.

If you or your LLC are hiring workers within the next 30 days, you will need a Federal EIN and a State EIN (employer identification number).

Even if you treat the LLC as a disregarded entity, you can use your social security to conduct business, it is not recommended. Other instances that you will need a federal tax ID:

If you are a partnership, an independent contractor, and a corporation or an LLC treated as a corporation. You can also obtain a federal tax ID as the sole proprietor and use it as a business tax ID in place of a social security number.

However, all businesses need at least 2-5 Eyelash Extensions Supplies business registrations, so you will still need other registrations, such as licenses, an assumed business name DBA, and tax IDs as described above. Finally, even one person, sole owner/proprietors working from home or just online, can form an LLC or incorporate, in which case, they will not need to file a DBA, and they will be members of the LLC .

1. SELECT LLC, DBA, CORP

From sole propr., NV LLC, NV partneship or NV Corp.: Each requires an entity certificate filing.

2. TAX IDs - PERMITS

All Internet Business businesses/entities need a business license and an EIN.

3. NV STATE SALES TAX ID.

Selling/Buying wholesale or retail requires a NV seller's permit.

✔ Biz Structure

You can choose to be a(n) :

Sole Proprietor,
LLC,
Corporation or
Partnership.
After you decide and select your business entity, you need licensing.

✔ Biz License

Las Vegas Business Tax Registration ( Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.

✔ DBA Biz Name

A(n) business using a fictitious business name in Clark County i.e. you are a business that uses a DBA doing business as trade name to trade that is other than the full legal (first and last -- full name) name of a sole proprietor or a name other than the LLC or Corporation business name need a(n) fictitious business name. For instance you open a(n) business and you name it "Superior Group". You will need to file a fictitious business name for that name.

✔ Seller Permit

In addition note that in NV you may also need a seller's permit if you sell merchandise that is taxable. (A.K.A state id, wholesale, resale, reseller certificate, about $39 for most states).
Seller's Permit

✔ Federal EIN

Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors.
An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients.
IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID. However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a business tax ID number.
However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting a federal tax ID number.

✔ State EIN

In addition you will need a federal and a state EIN if you will hire employees. I.e., a NV Federal Tax Id Number ($29) and a(n) NV State Employer Tax Number

✔ L L C

Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in Las Vegas, Incorporate in NV or form a(n) NV LLC .

Filing a DBA is not required if you will set up an LLC or form a Corporation. 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 "& sons" etc.

✔ Incorporation

If you do form an llc or incorporate (about $49 plus state fees for most states) your business instead of just filing a fictitious business name (dba), that insurs that you don't have personal liability for debts and civile liabililty arising from your business dealings and you will not have to record the Las Vegas business name. Instead of just registering your Clark County assumed business name (our fee includes assumed business name registration and legal newspaper publication) you can choose to setup a corporation in NV or form an NV LLC (starts @ $49 plus state fee for most states & includes bylaws for the corporation and Limited Liability operating agreement for the LLC that is required to open a business bank account). .


Las Vegas NV NV Eyelash Extensions Supplies NV Las Vegas