Question:
Peoria Illinois 61606
6/13/2017 12:44 PM
Peoria,
Illinois
IL.
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Restaurant
Selling hot and cold food and drinks to customers who want sit in eat or take their food to go. Drew’s Lounge Co. does not a permanent location cause we are still in the process of planning. |
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Other
Restaurant
with
8
Personel. .
DeXYZstch
Oltra The Cutting Edge CafeCo.
How to get my free business license
Other
Restaurant
Federal Tax ID Number vs. EIN.
Peoria Peoria County
, IL
61606.
The first thing to decide is what business entity structure to select. There is a sole proprietor, a partnership or a corporation or LLC. If you are a sole proprietor/owner, you will need a business license (business tax registration occupational business license). If you also use a business name to do business, you also need a DBA (Doing Business As). However, if you incorporate or form an LLC, you do not need to register your business name because the LLC name will be your business name.If you will sell any type of merchandise or item in small or large amounts, you will need a seller's permit (sales Tax License ). If decide to hire help, you will need a federal EIN and a state employer ID. |
Here is what Licenses you are legally are required to get for Restaurant in
Peoria, IL.
IMPORTANT:
Requirments below include Internet, Online, Websites, Home or eBay/Amazon Businesses)
Answer:
The following are the Licenses you need to start your Peoria Business.
All Businesses need a(n) , Peoria
business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) Peoria County DBA assumed business name certificate.
On the other hand you may also need a sales tax ID AKA seller's permit if you sell merchandise that is taxable. (A.K.A Illinoisseller's permit, state id, wholesale, resale, reseller certificate).
In addition you will need a federal and a state EIN if you will hire employees.
I.e., a IL Federal EIN and a(n) IL State Employer EIN
Instead of filing a fictitious business name DBA Filing in
Peoria, Incorporate in IL or form a(n) IL LLC
New businessess whether home or other types will need a general tax registration that could be a business permit and or license. Sole proprietors just need that plus perhaps a registration of a business name certificate if in fact the business is using an assumed business name. E.g. if the business is called "Superior Medical Billing" it will need to file a DBA. Other than that employer sole owners will need both a federal ein and a state ein and if selling any type of widgets such as items on eBay or Etsy will need a state reseller number also called a seller ID or resale number.
Finally starting businesses must choose a business legal/tax structure. There are 4 major business entity structures: 1. A sole proprietorship a partnership an LLC and a corporation. You can select any one of them.
Corporations and LLCs need the business tax registration license and a federal tax ID number.
Business Permit