Business Licenses

In order to operate your business, you must comply with a wide range of local, state and federal rules. You may subject to significant fines and penalties if start business without acquiring a proper business license

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Sales Tax Vendor ID Number

Sales tax is imposed on all retail sales, leases and rentals of most goods, as well as taxable services. In other words a sales tax is a tax on the end-purchase of a good, so it normally does not apply if a sale is for re-sale or for subsequent processing. Sales tax normally a certain percentage that is added onto the price of a good or service that is purchased.

Your sales tax responsibilities as a new business owner, whether you start a business or buy an existing business, will vary depending on the type of organization or entity you operate. Besides state level, estimation of sales tax is also done on municipal or county levels. Payment of state sales tax depends on your sales and your state's regulations.

Normally it is the consumers who are burdened with sales tax. The re-sellers on the other hand, are exempted from sales tax, provided they do not use the goods on which sales tax is levied.

Sales tax id number also known as

Reseller permit
Sales tax vendor id number
Sales tax registration
Reseller tax id
Sales tax permit
Reseller certificate and
Sales tax exemption certificate
Certificate of authority
Sales tax ID number
State tax ID number

If your business is required to be registered as a sales tax vendor, you must obtain a sales tax permit (also known as sales tax vendor id number, reseller tax id) from the Tax Department. If you make taxable sales before you receive the sales tax exemption certificate, your business may be subject to substantial penalties.

State Employment Withholding Tax

Employers that do business in any state of USA are responsible for withholding individual income tax from their employees' paycheck. An employer may be exempted from withholding in some states if they do business for limited time during a calendar year. Advance approval from the Tax Commission is required

Retail Cigarette License

A cigarette license or a retail cigarette license is a legal document issued by the concerned state department (as well as City and county local bodies) which signifies that a business or a retailer is legally allowed to sell cigarettes and tobacco (against tobacco license) in accordance with the state law from a specified location to the consumers who are allowed to buy them.

In most states every retailer who sells or will sell cigarettes or tobacco products is required to obtain a retail cigarette and tobacco license and bound to renew it annually. A tobacco license is required before you start selling of cigarettes and tobacco products.

Retail Food Establishment License

If you are Retail food establishments that conduct any type of food preparation such as meat or cheese grinding, heating foods, sandwich making, operate beverage dispensing machines, prepare sushi, salad bars, or other ready to eat exposed food packaging activity.

Retail Food Store License

Any Retail Food Store within the New York State where food and food products are offered to the consumer and intended for off-premises consumption and conducts no food processing as defined in Retail Food Establishment. This includes stores which sell:

Fluid milk,
Shell eggs and
Refrigerated meats.

Home Improvement License

If you are an Individual or business engaged in the construction, repair, remodeling or addition to any land or building used as a residence in New York City you must have a Home Improvement Contractor license. You may not begin to work as a Home Improvement Contractor until you have received your license document.

The Home Improvement includes, but it is not limited to:

the construction,
replacement or improvement of driveways,
swimming pools,
terraces,
patios,
landscaping,
fences,
porches,
garages,
basements and
other improvements to structures or upon land that is adjacent to a home or apartment building

Home Improvement Sales Person License

You must have a Home Improvement Salesperson license if you solicit, negotiate or offer to negotiate a home improvement contract with a property owner. You may not begin to work as a Home Improvement Salesperson until you have received your license.

Insurance Services

Workers' Compensation Insurance

The Workers' Compensation Law became effective in New York on July 1, 1914. The law is administered by the NYS Workers' Compensation Board. Under the law, an employer is obligated to provide workers' compensation for his employees Workers' compensation insurance protects employers from liability for on-the-job injuries resulting in employee disability or death, providing injured workers with monetary relief and medical benefits, or, in the case of death, survivor benefits to their dependents.

Officers of corporations are considered employees of the corporation; they are automatically covered. If a corporation with one or two executive officers has employees requiring coverage, either one, or both, of the officers may elect to be excluded from coverage, provided the one or both officers own all of the issued and outstanding stock and hold all executive officer positions in the corporation.

The New York State Workers' Compensation Law requires most employers in New York State to have workers' compensation coverage for their employees. Failure to provide coverage when required by law is a misdemeanor, and may in fine, penalty & assessments.

Disability Insurance

Disability benefits are temporary cash benefits paid to an eligible wage earner, when he/she is disabled by an off the job injury or illness. The Disability Benefits Law provides weekly cash benefits to replace, in part, wages lost due to injuries or illnesses that do not arise out of or in the course of employment. Disability benefits are also paid to an unemployed worker to replace unemployment insurance benefits lost because of illness or injury.

Disability benefits include cash payments only. Medical care is the responsibility of the claimant. It is not paid for by the employer or insurance carrier. Cash benefits are 50 percent of a claimant’s average weekly wage. Benefits are paid for a maximum of 26 weeks of disability during 52 consecutive weeks. For employed workers, there is a 7-day waiting period for which no benefits are paid. Benefit rights begin on the eighth consecutive day of disability. An employer must supply a worker who has been disabled more than seven days with a Statement of Rights under the Disability Benefits Law (form DB-271), within five days of learning that the worker is disabled.