Hi, Unregistered. | Today's Posts

T-Shirt Forums
User Name
Password

Need to Register?

Forgot Your Password?


Site Navigation







+   T-Shirt Forums > T-Shirt Selling > Business and Finance
This section of the forum is for discussing the business and finance issues of the t-shirt industry. Which business structure to use (sole proprietor, LLC, S Corp, etc), how to handle billing, where to register your business and get the proper licensing, etc.

Starting in Virginia, Overwhelmed by forms



 
Share This Thread Thread Tools Search this Thread
Old March 23rd, 2008 Mar 23, 2008 12:53:04 AM -   #1 (permalink)
Forum Member
T-Shirt Apprentice

ULessThan3Wang's Avatar
 
Member Since: Mar 2008
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)


Default Starting in Virginia, Overwhelmed by forms

I'm just looking into starting to sell shirts in Virginia and I'm already getting confused with forms on getting a sellers permit.

I would like to set up a very small business selling printed shirts with designs for schools / friends who need them made. I was looking into buying from American Apparel but i saw that you need a 'State Resale Number.' I'm pretty sure i found the form that i need (ST-10) but i'm curious as to what i need to do. I'm having trouble navigating on the Virginia website so i'm hoping there's someone who can point me in the right direction. Will i need to fill out other forms along the way or can i start buying and selling after i get my resale number.

I guess this is why people go to college and major in business...

If anyone can point me in the right direction with what i need to do i would greatly appreciate it.
 
Digg this Post!Add Post to del.icio.us Tweet about this Post!
Old March 23rd, 2008 Mar 23, 2008 6:34:48 AM -   #2 (permalink)
T-Shirt Lover
T-Shirt Wizard

hammered's Avatar
 
You can call me: Dave
Member Since: Apr 2006
Location: Living slow in SC
Posts: 503
Thanks: 0
Thanked 5 Times in 5 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)


Default Re: Starting in Virginia, Overwhelmed by forms

First off good luck. I lived in Northern Va for 40 years. The 2 businesses I had were over regulated and over taxed to the point of madness. You best bet these days with laws changing almost daily, is hire a professional business consultant. They will have all you need to know about starting up. After that a CPA. If you plan to survive in VA, you will need a good one. The Va dept. of taxation can be a bear to deal with if you dont have everything in order.

With all that said, if you can get your start up running, you should do fine. Depending on where you are located, go to the county building and research on a mid week day. If youre in Northern Va. you have to make th trek out to the middle of Fairfax, just off Ox Road. Its also where you go to pay your taxes in person.

Good Luck no no I mean it, really Good Luck
__________________

 
Digg this Post!Add Post to del.icio.us Tweet about this Post!
Old March 24th, 2008 Mar 24, 2008 5:16:21 AM -   #3 (permalink)
T-Shirt Lover
T-Shirt Master

peteVA's Avatar
 
You can call me: pete
Member Since: Nov 2007
Location: Hampton Roads, VA
Posts: 367
Thanks: 0
Thanked 24 Times in 23 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)


Default Re: Starting in Virginia, Overwhelmed by forms

It just goes to show you.

I have no problems at all with the VA sales tax people, unless I forget to pay.

Here is what you need to do -

Apply for an account on that site. It's virtually instant. Then you can print out some ST-10's to mail to your suppliers showing you have a tax number.

Then charge the 5% tax on all slaes made in VA. If you ship to DC or other states, do not collect tax. Simple.

Then once a quarter, you go to their website and you show your total sales, not including the tax, then you show the amount of sales outside VA or to dealers who gave you their tax number - called Exempt Sales. Then you subtract the Exempt Sales from the Total Sales and pay 5% on the balance Taxable Sales.

They even give you a little discount for doing the paperwork.

Now if you need a college degree for Total Sales, minus Exempt Sales equals Taxable Sales there are a lot of folks who aren't aware of it.

You will also probably - note probably - need a business license. This varies from city to city or county to county. Check with your city or county hall and see what they tell you.

And keep records, you will need to come up with those total, exempt and taxable totals each quarter.
.
 
Digg this Post!Add Post to del.icio.us Tweet about this Post!
Old March 24th, 2008 Mar 24, 2008 3:08:52 PM -   #4 (permalink)
Forum Member
T-Shirt Apprentice
Thread Starter

ULessThan3Wang's Avatar
 
Member Since: Mar 2008
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)


Default Re: Starting in Virginia, Overwhelmed by forms

Okay this information is great. I plan on going very small at first, just selling to friends and other people i run into. Were exactly is the virtual sign up? And also, what if i dont make any sales during a quarter? I assume i still have to send in a form showing that i didnt sell anything. I plan on going to the county hall area to read about what i need to do like Hammered said (I'm in the Northern Virginia area). Will i get in trouble if i buy a bunch of shirts and dont sell any? I'm just concerned of times when i dont sell anything. I'm assuming that going to the county i'll be able to find alot of the information i need.

Thanks for the quick replies!
 
Digg this Post!Add Post to del.icio.us Tweet about this Post!
Old March 24th, 2008 Mar 24, 2008 3:20:14 PM -   #5 (permalink)
T-Shirt Lover
T-Shirt Master

peteVA's Avatar
 
You can call me: pete
Member Since: Nov 2007
Location: Hampton Roads, VA
Posts: 367
Thanks: 0
Thanked 24 Times in 23 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)


Default Re: Starting in Virginia, Overwhelmed by forms

Here is where you go for Sales Tax Registration. Don't worry about the Employment Commission, you have no employees - Virginia Department of Taxation

If you have no sales you just say Zero. If you don't file on time - by the 20th of the following month, you will get a fine of like $ 10 and a percent of the tax. No tax, no percent, just $ 10. 4 times a year, not a big deal. And if you forget, they will remind you - for $ 10.

I am in Newport News, it costs $ 30 for a business license to sell up to $ 50,000 a year. Or $ 50 for up to $ 100,000 a year. Over that is a percentage, but you won't need to worry about that for a year or two.

It will be a bit different where you are, but not a lot to it. They just want your money. Some places bring up zoning, like working from your house. Again, for what you are doing, not a big deal. But they may want another fee for that.

What you buy doesn't matter. You can wear them, give them away, burn them, they don't care. (Unless you start a fire.) All they are interested in is what you actually collect money for. Then they want their share.
.
 
Digg this Post!Add Post to del.icio.us Tweet about this Post!
Old January 22nd, 2009 Jan 22, 2009 11:53:48 AM -   #6 (permalink)
T-Shirt Lover
T-Shirt Fan

MayhemIndustries's Avatar
 
You can call me: Steven
Member Since: Jan 2009
Posts: 77
Thanks: 2
Thanked 0 Times in 0 Posts
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)


Default Re: Starting in Virginia, Overwhelmed by forms

Im doing the same thing in VA i was wondering how i get a business license, and is that all i need a business licencse and the tax id # also should i do this after i save the money to buy all my t-shirts or before and should i trademark my logo and name and how should i do that
 
Digg this Post!Add Post to del.icio.us Tweet about this Post!

Tags: , ,







This is a discussion about Starting in Virginia, Overwhelmed by forms that was posted in the Business and Finance section of the forums.

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Starting a new transfer business: order forms for our customers? bonedaddy68 Heat Press and Heat Transfers 2 May 24th, 2007 02:15 PM
overwhelmed jbzwick General T-Shirt Selling Discussion 3 May 4th, 2007 12:07 AM
Forms, forms, forms! Do you have any examples? guest5779 General T-Shirt Selling Discussion 4 January 15th, 2007 07:31 PM


All times are GMT -8. The time now is 07:35 AM.


Copyright 2004-2012 T-ShirtForums.com. All rights reserved.