Forum Replies Created
- July 12, 2020 at 9:20 am #72792
haha I appreciate the support ;)
I did actually create an LLC to remove personal liability, but if I find after a year that I don’t need it, I’ll switch to save money.
Next steps are getting FBN validated, then getting a federal EIN, business license, state EIN and then a seller’s permit… I think that covers everything, for now haha
Thank you againJuly 11, 2020 at 9:05 am #72786
Yes, great call on the sellers permit. I kind of assumed I’d need that anyway. I looked into it and it appears you need both a federal EIN and state EIN first, and the state EIN requires a business license with the city to obtain one. So many legalities! haha Thanks againJuly 10, 2020 at 7:41 pm #72783
This explanation is very helpful- thank you! Agreed that it’s best to check with the state/county as California always seems to be an outlier haha.
Again, I appreciate the detail you’ve provided. I’m making a bar, which I guess one could consider a “biscuit” (hopefully) and therefore not taxable. Thanks again!July 10, 2020 at 7:39 pm #72782
Thank you so much for your thorough reply- your explanation provides clarity and makes total sense. I will be applying for my Cottage B license, but even so, the same logic still applies. I will go ahead and get a seller’s permit anyway, as I believe my county requires it as well. Thank you again and take care.