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  1. #1
    Baseball89 is offline Junior Member
    Join Date
    Aug 2006
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    16

    Getting a tax id/business licence?

    I'm from NY and want to start my own retail type store, but you need a tax id and/or business licence to prove your a legit business. I can't find where I need to register or how to go about it.

    Any help is appreciated..thanks

  2. #2
    Paint and Air Sportz is offline Senior Member
    Join Date
    Mar 2007
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    338
    All the info is on the NY state website... google is your fireind.

  3. #3
    jasaunders's Avatar
    jasaunders is offline YE Veteran
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    Feb 2007
    Location
    Chicago, IL
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    IRS form SS-4. Do a search for SS-4 on irs.gov, it is free and can be filled out online. You will also need to register with your state.
    Most reputable wholesalers now require more than a Federal Tax ID to do business now.

  4. #4
    Young Spark is offline Banned
    Join Date
    Oct 2006
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    1,149
    ^^ Josh correct me if I'm wrong but I thought you had to pay to register for one... am I right or wrong?

  5. #5
    jasaunders's Avatar
    jasaunders is offline YE Veteran
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    Feb 2007
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    Chicago, IL
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    Don't need to pay to get an FEIN. It is free, relatively easy and quick to fill out the SS-4 online.

    I say relatively easy because some questions on the form are complex, but the IRS provides a good instruction sheet on the form. Read the instruction sheet before filling it out, it will save you a lot of time so you don't get a letter from the IRS in a few weeks saying your application was denied.

  6. #6
    MatteyBiz is offline Junior Member
    Join Date
    Jun 2007
    Location
    Ishpeming, Michigan. (Upper Penninsula)
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    12
    Don't fret on the complexity or costs. That was one of my biggest worries going into this.

    I was under the impression that start up costs (as far as registering and what not) would be costly.

    Alas, it was quick, relatively easy and FAST. And I think it was free (I live in Michigan though.)

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