Sadly my local SBA has not been of much help with this issue. Which is odd. Anyways, here is what I've deemed necessary up to this point. I realize all states are different, but if you think I might be missing something please chime in. I'm setting up a sole proprietorship in Minnesota.
STATE:
DBA - Certificate of Assume Name
ABR - Application for Business Registration
FEDERAL:
EIN or TIN - Which do wholesalers prefer / require? Any disadvantages to getting an EIN?
Schedules C + SE added to Form 1040
QTHER QUESTIONS:
What is a seller's permit? Is it required? Is it state, federal, or both? Where can I obtain one?
What is the NAICS code for clothing? This is required for an EIN application.
Use tax, does anyone actually pay this? It's required for most businesses.
State sales tax, clothing appears to be exempt from tax, thus I'm assuming a state tax registration / id is not required?
Thanks all!
STATE:
DBA - Certificate of Assume Name
ABR - Application for Business Registration
FEDERAL:
EIN or TIN - Which do wholesalers prefer / require? Any disadvantages to getting an EIN?
Schedules C + SE added to Form 1040
QTHER QUESTIONS:
What is a seller's permit? Is it required? Is it state, federal, or both? Where can I obtain one?
What is the NAICS code for clothing? This is required for an EIN application.
Use tax, does anyone actually pay this? It's required for most businesses.
State sales tax, clothing appears to be exempt from tax, thus I'm assuming a state tax registration / id is not required?
Thanks all!