Etsy U.S. Tax, Bookkeeping, QuickBooks, and Business License Topics
Help with business registration
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Hello fellow Etsians. I don't know if I'm the only one here that did this but here goes. I opened my shop here in November 2011 but never thought of registering as a small business in New Jersey (where I live). Now that it is 8 months later, will I be penalized for not registering 15 days prior to starting my business and how hard and expensive is it to register now? I am admittedly completely ignorant about the LEGAL side of running a business and could use some easy to understand advise on this matter. Thanks in advance for all of your help.
Posted at 12:01pm Jun 15, 2012 EDT
when I was in jersey, it was free to register with the tax dept. to collect sales taxes. they will make you pay any back sales taxes that may be due from instate sales, but I dont think there is a penalty for not doing it before, as long as you are voluntarily doing it now.
i dont know about your local city and county, so you will have to check with them to see if you are required to get a business license or home occupation permit, and register your DBA name or not
heres the online registering for the dept. of taxation
Posted at 12:12pm Jun 15, 2012 EDT
Most sellers here register as sole proprietorships, but if you sell food, bath & body or items for children incorporating is a good idea to protect your personal assets.
The links to your state website here should help you find the info you need:
US: Sales Tax & Business Registration--Links to Official Government Websites
Posted at 3:39am Aug 14, 2012 EDT