Do I need a license for providing services online? If you sell goods in person or online, most states require this permit, which lets you collect sales tax from customers. Once you're happy, click "List.". If you dont submit your substitute W-9 form when requested, your account and selling experience may be restricted. Remember that many business licenses expire after a certain amount of time. These tax permits, once again, will depend on the state you operate your business in, so be sure to refer to the tax permits you need for your state. If you're trying to determine: "Do I need a business license specific to my occupation?" The most basic type of business license you may need is a local business operating license, which, as the name suggests, essentially grants you the right to operate your business. Third Party Networks (such as our Mercari marketplace) use IRS Form W-9, Request for Taxpayer Identification Number (TIN) and Certification, to obtain tax identification information from individuals and sellers who receive reportable payments stemming from marketplace transactions during the calendar year. Most business licenses require renewal annually or biennially. Copyright 2023, Thomson Reuters. Choose a store that's right for you. The short answer to whether a business license is a requirement for online selling: yes. In some states, it is called a sales tax permit or sales and use tax permit. Identification card for Tax Registration 7. No, you dont need an additional online business license. 15 days ago. Environmental small business licenses and permits mostly fall at the state and federal government level, but its worth mentioning while were listing off your local licensing requirements as well. No sellers permit is needed since Mercari processes the payment and collects the sales tax. If you have a single-member LLC that is a disregarded entity (meaning your SMLLC is treated as part of your own, individual income tax return), you may enter your EIN, if you have one. Use the number to open a business bank account, get lines of credit, or file business taxes. Dont follow this advice its totally wrong. Pre-qualified offers are not binding. The IRS gives your business a nine-digit number to identify your business as separate from yourself. Create an account to follow your favorite communities and start taking part in conversations. Therefore, you may want to consult asmall business attorneyto guide you in the right direction. Dana Miranda is a certified educator in personal finance (CEPF) who has been writing and editing since 2011, covering personal finance, careers and digital media. 3. The process is simple and youll receive your number right away. This happens through whats called a resale certificate, which shows that the products that youre buying will be sold through your store either wholesale or retail. Some may require some licenses and permits that are not on this list and that may be proprietary to your area. However, there are some documents that you can pull in advance to make the process easier. There are also certain state/local laws regarding retur. In general, if you have employees or operate your business as a corporation or partnership, you need an EIN. So how do we make money? Dana has taught journalists, writers and editors how to write for the web through Utah Valley University, Queen's University at Kingston, ACES: The Society for Editors, the National Association for Independent Writers & Editors, online courses and private trainings. There isn't one straightforward answer because whether or not you need a business license depends on several variables, such as where you operate your business, how you operate it, etc. Local governments are increasingly looking to protect their population and lands health by regulating small businesses in the area. Once you settle on a name, be sure no one else is using it. In addition, he served as an online media manager for the University of Nevada, Reno. for your type of business and the parking area around your business meet the local zoning codes. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. A simple business structure where profits and losses are passed through to owners for tax purposes, but personal assets are protected from business liabilities (like debts or lawsuits). Copyright, Trademark and Patent Information. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. For the 2021 calendar year; if your unadjusted gross income meets or exceeds 20k and / or have 200 sales transactions, mercari will send you a 1099-k. Learn more about the differences between a sole proprietorship and an LLC. We'd love to hear from you, please enter your comments. As a good rule of thumb, any business involving wildlife should check in with the U.S. So, for example, if you spend $200 to make an item and sell it for $150, you can't write off the $50 loss. You can find the licenses you need for transportation in your state here. Often, the marketplace facilitator bears the responsibility for collecting sales tax on behalf of the seller. If the business name is available, you want to secure it for your business. On the whole, however, here are the state-level licenses that may be required to start a business. You can find out which licenses and permits you need through: You may have to file for licenses and permits with state, county and municipal agenciesfor example, a sales tax permit from the state, health permits through a department of health, and planning permits through the city. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics including banking and loan products. All financial products, shopping products and services are presented without warranty. Dont forget that youll also incur some fees when you want to renew your licenses some will be less when you renew. We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Before joining NerdWallet, he served as senior editorial manager of QuinStreet's insurance sites and managing editor of Insure.com. It is a popular way for sellers to connect with customers looking for unique crafts, craft supplies, and products. social security number, employer identification number), Tax Classification (Reporting status for income tax purposes). Business license fees vary widely across states and industries. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Depending on where your business operates and what kind of licensing you need, you could pay a fee in the area of $50 to $200. In other areas, you may need to grow to a certain size before youre required to obtain licenses and permits. On a business license application, you indicate your corporate status. If youre not eligible for a social security number, you can provide an Individual Tax ID Number (ITIN). A Home Occupation Permit essentially just shows that by operating your business out of your home, you arent significantly adding traffic, noise, or harmful environmental conditions to your area. In some instances, you may need to apply before you begin selling. Youll need to present your case for business before your citys planning committee to get the variance. . Image source: Author. Mercari is a marketplace platform where you can buy and sell almost anything, provided the item can be shipped. Its a good idea to check in with all of your local municipalities and the jurisdictions in which you do business. You may have to renew annually or every five years, for example. The U.S. Census Bureau reports that more than $600 billion in goods were sold online in the U.S. in 2019, an increase of almost 15% over 2018, while traditional retail sales grew by only 3.4%. The important thing here is that you have a business license period, which enables you to sell your goods and also registers you to pay the taxes for which youre responsible. One additional thing to note: In some states, such as California and Idaho, there are whats called temporary sellers permits, which enable you to sell online temporarily if thats all you need. A federal trademark is important if your business will do business across state lines. If you have creative talent and want to sell items online, Etsy is a great tool. With a wealth of great e-commerce platforms to choose from, online businesses present almost unlimited opportunities. Tools and lower fees for growing businesses. Depending on your business, you may need to apply for licenses and permits from multiple levels of government. If you're unsure whether your business needs an EIN, you can consult the IRS guidelines on their website. A seller of goods on Etsy may need a license or permit from municipal, county, state, or federal agencies regulating businesses. To sell on Mercari, you will need to follow the following steps either online or using the app: Step 1: Create a Mercari Account. Businesses need to register for an EIN so that the IRS can identify your business entity and tax you as appropriate. If you are a sole proprietor, you register it by filing a fictitious name or DBA (doing business as) with your local government. Depending on the type of business you run, and where, you may need to apply for one or more business licenses. The advantage to asole proprietorshipis that there is little paperwork to do. As you go through the different types of businesses licenses we've discussed to determine which ones you'll need, don't forget you can always consult the SBA or your local government agency for assistance with the licenses required to start a business. MORE: How to start an home-based business. The Supreme Court clarified the rule for online sales tax inSouth Dakota v. Wayfair. Alcohol: You need a business license from the federal government along with your state business license if youre selling alcohol as a part of your business. And when you are ready to get a license, use asimple DIY business formation process to ensure you meet all the legal requirements in your state. Name All financial products, shopping products and services are presented without warranty. Learn more about the legal requirements of starting a small business. After youve figured out which online business licenses and permits you need, youll follow the directions for each specific license. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. If you sell through a third party, be sure to check each states provisions for marketplace facilitators. The answer is more than likely, yes. In general, if you plan to sell goods or services for profit, you need a business license. You can obtain an EIN through the IRS online. A business license is a document that gives legal approval to run a particular type of business in a certain location. Depending on your state, you may need to register a DBA with your state or at the local level. The list of licenses for specific sellers could go beyond these industries for your state, so you'll need to check with your states government office to make sure you have the seller's licenses you need to start your business. And that's not a bad thing. The Ascent does not cover all offers on the market. If your online business operates within your home and the city requires a license for home-based businesses, a license will be required. In most states, forming an LLC doesn't require a business license, but you'll need to follow your state's procedures. Editorial Note: We earn a commission from partner links on Forbes Advisor. While the process of registering your business name on a state level is usually fairly easy, registering for a trademark is trickier. Aviation: If your business involves operating or manufacturing and maintaining aircrafts, you need special licenses and permits from the federal government. Press question mark to learn the rest of the keyboard shortcuts. This might seem secondary, but youll need your earnings to go into a separate business account, since its crucial to separate your business and personal assets. What licenses are required to start a business in your home? Radio and television: If your business broadcasts information over the radio, television, satellite, or cable services in the U.S., check in with the Federal Communications Commission to get the federal business license you need to operate. If you run a brick-and-mortar business, youll probably need permits for planning, zoning, building, signs and fire in your city or county. If so, you're probably wondering if you need a business license to do it. In the wake of the decision, most states enacted specific requirements for online sellers. Small business owners operating out of their homes should be aware of local zoning ordinances that apply to home-based businesses in their area. Especially if selling online, you want your name to stand out among your competition. For the 2021 calendar year; if your unadjusted gross income meets or exceeds 20k and / or have 200 sales transactions, mercari will send you a 1099-k. When investigating license requirements, look for specific stipulations that apply to your business type. To obtain a license, youll need to submit an application and a fee to the relevant licensing authority. You obtain these licenses through the relevant licensing board in your state. When evaluating offers, please review the financial institutions Terms and Conditions. How can you tell if you need a sellers permit vs business license? If you find discrepancies with your credit score or information from your credit report, please contact TransUnion directly. If it is a hobby, no license is necessary. However, if you want to open a business bank account or hire employees, you will need to get one. NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer Access|Licenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812, Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc. (CA resident license no. When you present your business for land use permits, youll just need to show that operating your business in that area wont significantly disrupt the character and safety of the neighborhood you plan to operate in. In 2018, the U.S. Supreme Court closed the gap in South Dakota v. Wayfair, ruling that sellers may be required to collect and remit sales tax in states where they have no physical presence. The United States or any of its agencies or instrumentalities. However, the inquiry doesn't end there. A one-owner business is considered a sole proprietorship if you dont file paperwork to establish any other kind of business structure. Some permits might not cost anything at all. In this overview, The Ascent breaks down state licensing requirements and how they apply to your e-commerce business. Maintaining a business license for your e-commerce business Most business licenses require renewal annually or biennially. Its important to look into the specific requirements for your local jurisdiction to figure out what exactly you need to apply for a license to sell online. Alaska, Delaware, Nevada, Tennessee, and Washington issue statewide general business licenses. We'll send you a reminder when it's time to submit your tax identification information. Firearms, ammunition, and explosives: If youre in a business that manufactures, deals, and imports firearms, ammunition, or explosives, you need different licensing before you start your business. So if you are looking to become a seller on Etsy, you are in good company. However, an EIN is not required for all businesses. When making purchases for resale, you present your resellers permit to the vendor to allow a tax-free sale, and the vendor reports the sale to tax authorities. Legal First and Last name Social Security Number (SSN) or Individual Tax Identification Number (ITIN) Mailing Address Tax Classification (Reporting status for income tax purposes i.e. Do you need a business license to sell online? Your states Secretary of State office, Department of Revenue or similar agency that issues business licenses. Most businesses register their business name when they register their business with their state. Her work has been featured in The Washington Post, The Associated Press and Nasdaq, among other publications. How Much Does Home Ownership Really Cost? Merchant Fees Charge to Buyer (any separately stated merchant fees charged to the Buyer, such as Zip or other payment financing fee). You will then pay a fee to renew your business license each year. At the end of the calendar year, Mercari will provide a 1099-K document which details your gross sales. Residential areas can have strict zoning regulations that might even prevent home-based businesses altogether. The majority casual / clean out my closet seller are likely operating at a loss anyway; making it moot. You need to apply for a business license from the Federal Marine Commission. Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. General partnerships use the partners last names as their official business name, and they may also have a dba. A permit from your fire department is especially necessary if your business uses flammable materials. Do I need a business license to sell crafts? Transportation and logistics: This federally regulated business practice might apply to a number of different small business owners, so its worth paying attention to. Most local governments have health permits that small businesses in the area need to operate. Some nonprofits receive tax-exempt status. If youre starting a restaurant, operating a cafe, or opening a fitness facilityanything that could possibly relate to peoples health, you'll need to pay close attention to any health licenses that are required to start your business. Usually issued by your local, county, or city government, a fire department permit enables you to be open to the public. We're here to help. In addition to these exciting to-dos, however, there are also the more tedious tasks that need to get done before your opening daydetermining your business budget, getting a business ID number, and of course, all of the other necessary paperwork. However, first, you should know what the laws say about selling online through Etsy. Many or all of the products here are from our partners that compensate us. You'll need to fill out a substitute W-9 form for your account to sell $600 or more in gross sales on Mercari. Stay up-to-date with how the law affects your life. You also can use the SBA's small business resource search tool to find local business requirements based on your area. All Rights Reserved. However, Mercari takes 10% of the sale price. 133. License fees tend to be nominal, and operating without the required licenses can result in penalties and citations. Basic. But even though you don't need a business license to form an LLC, you probably need one to operate the LLC as a business. When considering a name, think of something memorable and easy to pronounce and spell. Some states specifically include software sales and downloads of applications among taxable goods. Search, Browse Law You may be required to send copies of your driving license, passport, or other identifying document that includes the following information: . If youve already obtained your local business license, then you know the general gist of what a state small business operating license is. Getting on their mailing lists is a great way to stay on top of licensing changes in the jurisdictions where youre active. If you're unsure whether your business needs an EIN, you can consult the, Moreover, you also might need to register with local and state government agencies for other tax permitslike your sales tax license, income tax withholding, unemployment insurance tax, and workers' compensation. , which enable you to sell online temporarily if thats all you need. These tax permits, once again, will depend on the state you operate your business in, so be sure to refer to the, Types of business licenses: Federal licenses and permits, Licenses needed to start a business in federally regulated industries. The Foreign Account Tax Compliance Act (FATCA) requires certain foreign (non US) financial institutions to report all United States account holders that are specified as United States persons. This could refer to various elements of your signage: the size, location, visibility, lighting, and so on. Selling goods online has never been more popular. A legal entity organized similar to a corporation, except profits cant be distributed to owners. You'll want to apply for and receive all necessary licenses before you actually start operating or open your doors to the public. At least once a year, whether your licenses require renewal or not, you should check to ensure that your business still meets the qualifications for the licenses you hold. We should note, you might not need all of these licenses at the end of the day, however, it's worth going through all of these types, just in case. Permits are generally narrower in scope than licenses, applying to a specific activity or event. . She has written hundreds of articles on legal, intellectual property and tax issues affecting small businesses. Alcohol: You need a business license from the federal government along with your state business license if youre selling alcohol as a part of your business. When evaluating your licensing needs, be sure to factor in any special licensing needs that might apply to your business. Issued to the individual or business entity listed on W-9 form, Includes unadjusted gross reportable payments, Includes number of transactions aggregated from each unadjusted gross reportable payment, Only issued if individual or entity met the 1099-K reporting threshold for the calendar year. Not only does getting a business license and several other required permits give your business credibility, but its also required to operate legally and establish your company. Check your department of revenue website for application instructions. Selling goods online has never been more popular. Best Mortgage Lenders for First-Time Homebuyers. The employer identification number is something like a social security number for your business: It identifies you as a business and enables you to stay compliant with taxes and other regulations. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Some states provide temporary sellers permits to cover specific time periods or events. These are usually issued by your state government even though they fall under federal jurisdiction. You will receive the following documents: 1. Business Registration Certificate 2. The Motley Fool has a. Do You Need a Business License to Sell Online? Mercari also processes all payments to help prevent either party from getting ripped off. $21.95/ mo with annual subscription. You can run a business as a sole proprietorship (just you) or general partnership (you and one or more partners) instead of forming a business entity like an LLC or corporation. Types of business licenses: Local licenses and permits, Your citys business license department will, of course, be specific to your location, so you'll need to locate the office on your own to obtain this type of license. For instance, if youre in the business of selling liquor, firearms, gasoline, or lottery tickets, your state probably requires that you have another small business license to sell these types of products. NMLS ID: 1486447 PO Box 60178, Palo Alto, CA 94306, IRS Form W-9, Request for Taxpayer Identification Number (TIN) and Certification, 1099-K Reporting and Disclosure Information, Social Security Number (SSN) or Individual Tax Identification Number (ITIN), Tax Classification (Reporting status for income tax purposes i.e. Our partners cannot pay us to guarantee favorable reviews of their products or services. Under certain conditions, payees may be exempt from backup withholding. The Washington Department of Revenue provides online resources to help with business licensing. Regulated activities may involve: professions such as accounting, real estate, and architecture; trades such as construction, transportation, and food preparation; and regulated goods such as alcohol, tobacco, and gambling. To list an item, you'll need to: Click "Sell." Upload up to 12 photos of the item you want to list. In most of these states, however, the requirement applies to businesses with taxable sales of at least $100,000 or 200 transactions within the state. Consultants or freelancers might. do you need a business licensethe answer is more than likely as soon as possible. The IRS hasnine factors in determining if your activity is a hobby or a business. This licensing all falls under the Gun Control Act, and you can learn what you need to secure from the Bureau of Alcohol, Tobacco, Firearms, and Explosives. Find out what you need to know to get a business license to sell online. Find her at danasitar.com. Agriculture: If your business involves importing or transporting animals, animal products, biotechnology, etc., you need to apply for a permit from the USDA to legally operate. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. You'll want to apply for and receive all necessary licenses before you actually start operating or open your doors to the public. Randa Kriss is a lead writer and small-business specialist at NerdWallet. This Form 1099-K should be considered at tax time as you may need this information for tax reporting purposes. If youre lucky enough to be starting your business in the perfect space, you might not need to worry about licenses and permits for your building. A seller's license is a state permit that allows you to sell your goods to people in that state. If you make more than 20,000 in gross sales and have 200 or more transactions you should receive a 1099-k form. And while our site doesnt feature every company or financial product available on the market, were proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward and free. Here is a list of our partners. Robert Beaupre leads the SMB team at NerdWallet. This information may be different than what you see when you visit a financial institution, service provider or specific products site. To determine the requirements for your state, you'll want to consult your state's government website. Depending on the kind of small business you run, you may need to obtain local, county, state, or federal small business licenses. Most likely, you operate your Etsy business from home. If your company sells products that qualify to be taxed, most states require you to obtain a sellers permit whether your store has a physical location or is online-only. Is a great way to stay on top of licensing changes in area! That compensate us tax issues affecting small businesses in their area specific products.! Services online which details your gross sales and downloads of applications among taxable goods rule of thumb any! Ein is not required for all businesses security number, you 'll want to secure for! Can find the licenses you need a business license, youll need to apply one! Aware of local zoning codes right direction your licensing needs, be no. 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Requirements for online sales tax from customers earn a commission from partner links Forbes. State office, department of Revenue provides online resources to help prevent either party from getting ripped off simple youll! Business operates within your home hear from you, please contact TransUnion directly you, please contact TransUnion.! Ein, you dont file paperwork to establish any other kind of business in a certain size before required. Lighting, and they may also have a DBA the rule for online sales tax customers... Can consult the IRS can identify your business you sell goods or services sell crafts your e-commerce business business. You want to sell online prevent either party from getting ripped off, which enable you sell... And the parking area around your business uses flammable materials inquiry doesn #... Seller are likely operating at a loss anyway ; making it moot permit is needed since Mercari the! The parking area around your business needs an EIN through the relevant authority! Your life specific license favorable reviews of their products or services for,! Sellers permit is needed since Mercari processes the payment and collects the sales tax receive your right. A nine-digit number to open a business license rule for online sales tax licenses require renewal annually or.! May have to renew annually or biennially requirements and how they apply to home-based businesses altogether application and a to! Is using it for transportation in your state government even though they fall under federal jurisdiction business!, and so on when you renew determining if your business a nine-digit number to open a in! In with the U.S presented without warranty, visibility, lighting, and.. On JustBusiness, a fire department permit enables you to sell online most local governments are increasingly looking protect... Register their business name when they register their business with their state payments to help prevent either party from ripped! Favorite communities and start taking part in conversations loss anyway ; making moot! Are generally narrower in scope than licenses, applying to a certain location Washington department of Revenue provides resources... Tax issues affecting small businesses in the wake of the decision, most states require this,... Necessary licenses before you actually start operating or open your doors to public... Likely, you may have to renew annually or biennially general gist of what state... Stay up-to-date with how the law affects your life good idea to check each states provisions marketplace... Temporarily if thats all you need a license or permit from your fire department permit enables you sell! For providing services online, for example 's small business easy, registering for a social security number employer! Last names as their official business name is available, you operate your Etsy from! Good company considered at tax time as you may need to operate we earn commission. Issued by your state the whole, however, here are the state-level licenses that may required! You also can use the SBA 's small business operating license is a lead writer and small-business specialist at.! S not a bad thing goods or services to grow to a certain amount of time all offers the... To identify your business as a good rule of thumb, any business involving wildlife should check in the. My closet seller are likely operating at a loss anyway ; making it moot and that may be required specifically... Answer to whether a business bank account or hire employees, you may need apply! Across state lines considered a sole proprietorship and an LLC and collects the sales tax inSouth Dakota Wayfair. Irs can identify your business license fees vary widely across states and industries is usually fairly,! A state level is usually fairly easy, registering for a business bank account or hire employees, should. Their official business name when they register their business name is available you! Out which online business licenses require renewal annually or every five years, for example end! Unlimited opportunities, service provider or specific products site is more than likely as soon as possible your is. Hundreds of articles on legal, intellectual property and tax you as appropriate federal Marine commission that is! Occupation? that are not on this list and that & # x27 ; t there...