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Real Estate
I didn't realize there was a chat going. I have an idea to start a group home for at risk teen girls but have no idea how to start getting funding or where to even be able to get real estate to do so... Setting up your Real Estate business
Hi Louis, to Get Business License SSF, follow the instructions below: First, check the Legal and Tax Business Structure
To set up and register your Real Estate business it does not matter whether your business is an online, home, store, concession stand or a mobile cart, you will have to first select a business type entity from these tax structures:
Namely, from sole owner/proprietor, partnership, LLC or corporation.
It does not matter which Real Estate business entity you choose as far as a General Business License is concerned because all entities need a business license and that is because all businesses need, well, a business license. (Note that that is not a specific license to your type of business it is a BUSINESS license) as well.
Using a company trade name subjects you to having to file a DBA . For instance, your name is Luis, and you do business as Best real estate sales by Luis De Fine, the "Best Real estate sales by luis," name must be registered with a DBA Doing Business As certificate because it is not your full legal name (namely, Luis De Fine.
Getting people to work for your Real Estate business anytime within 30 days of starting your business subjects you having to get a Federal EIN and a State EIN (employer identification number).
On the other hand, you will also need a federal tax ID if you are a partnership, an independent contractor, and a corporation or an LLC .
It is always a good idea obtain a federal tax ID as a sole proprietor and use it as a business tax ID in the place of a social security number.
However, you will still need other Real Estate filings business tax registrations, such as permits, a fictitious business name DBA, and tax IDs as described above. For example, if you want to be an LLC, you must obtain an LLC certificate and an LLC operating agreement as well as an EIN.
You need the EIN to be the LLC ID in addition to being an Employer ID if you hire workers.
Finally, even Real Estate sole proprietor working from home or just online can set up a LLC or incorporate, in which case, they will not need to register the trade name with a DBA because the LLC or Corporation name will be the legal name of the business.
A DBA stands for Doing Business As and it is also called a fictitious, assumed, trade firm or business certificate trade name.
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Question:
what business type do I select as a land loard with rental houses home based?
Answer:
real estate rentals
Question: So I would teach in different cities within the same state, would I have to apply for a license in every city I would teach in??
Answer:No, you just need a license for the location of your office.
Question: I understand I need a license, but if I get one for the city I live in, then if I travel for work and teach in a different city, will I need a license for that city as well? You did not answer my question on whether I need several business licences for different cities I might teach in?
Answer:You just need one business license.
Question:
I WILL OPEN A CLEANING SERVICES WELL VERY POSSIBLE I WILL HAVE TO BUY WHOLESALE CLEANING SOLUTIONS AND MOWING GRASS I SELL REAL ESTATE I HAVE A INDEPENDENT CONTRACTOR.
Answer:ok, so you need at least a business license, an EIN and a DBA.
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