This influences which products we write about and where and how the product appears on a page. Once you've gone through this . Not sure exactly how you'd file for online sales though, I'm sorry! Mercari signup screen on a computer You can sign up using your Facebook profile or use an email and password, and then you can immediately get started. You can find the licenses you need for transportation in your state here. Many other states require licenses for specific types of businesses, although retail or online sales arent usually listed among them. The SBA's list of state-by-state small business licenses can help you find and apply for a Home Occupation Permit specific to your state. However, not all business entities are required to register namely, sole proprietorships and general partnerships. Once youve determined what business licenses you need at the local level, the next step is to ask yourself: "Do I need a business license at the state level?" Local governments are increasingly looking to protect their population and lands health by regulating small businesses in the area. Dealing with the licenses you need probably will not be your favorite part of business ownership, but once you've taken care of this essential step, you can move on to the other, more exciting aspects of launching and growing a successful small business. Previously, she was an editor at Fundera, where she developed service-driven content on topics such as business lending, software and insurance. The specific business license youll need varies state by state, but their purpose is common: They show you have government approval to operate your business in the area in which youve been approved. Reddit and its partners use cookies and similar technologies to provide you with a better experience. In other areas, you may need to grow to a certain size before youre required to obtain licenses and permits. Dana Miranda is a certified educator in personal finance (CEPF) who has been writing and editing since 2011, covering personal finance, careers and digital media. The business license also monitors safety standards and health, collects taxes, and regulates zoning. No matter what, its absolutely crucial that you figure out what applies to you and your specific business. To help you sort through what licenses are required to start a business, let's explore the possibilities for each level of governmentlocal, state, and federalso you can better determine what types of business licenses and permits may apply to you. Or, if youre in the business of nuclear energy, you'll need to apply for a, business license with the U.S. Nuclear Regulatory Commission, Radio and television: If your business broadcasts information over the radio, television, satellite, or cable services in the U.S., check in with the. individual v. business) For certain tax classified business entities, such information may also include: Legal Name of Entity (if different from individual) You'll also want to check licensing authority websites. Choose a store that's right for you. So, for example, if you spend $200 to make an item and sell it for $150, you can't write off the $50 loss. For small business owners, Mercari is an excellent option to consider for many reasons: You can run a business as a sole proprietorship (just you) or general partnership (you and one or more partners) instead of forming a business entity like an LLC or corporation. This licensing all falls under the Gun Control Act, and you can learn what you need to secure from the, Bureau of Alcohol, Tobacco, Firearms, and Explosives, For a business in the wild or commercial fisheries or wildlife industry, you need to obtain certain environmental permits and licenses before you get going. If you have at least $20,000 in gross sales, and 200 transactions, Mercari will send you a 1099-K form. Working with a business lawyer to determine and file the necessary licenses and paperwork. We believe everyone should be able to make financial decisions with confidence. So how do we make money? To sell your goods or services, you may be required to get one or more of these types of business licenses in your state: The process to get a business license varies by stateand its not required in every state for every type of business. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Depending on your business, you may need to apply for licenses and permits from multiple levels of government. Follow these steps to determine whether you need a license and to apply with your state if you do. 'In honor of imnotlegolas for starting this subreddit. You're only required to file taxes in the US if you make over $10k. If you dont submit your substitute W-9 form when requested, your account and selling experience may be restricted. Fish and Wildlife Service to see, Does your business use cargo shipping overseas? What you should do is pay up for turbo tax self employed. Depending on how your state processes business licenses, you may need to include your federal tax ID number on your business license application. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. What licenses are required to start a business in your home? Compare the details of multiple financing offers to get your business funded faster. Well go through the answer to this question as well as many other considerations to take into account as youre establishing your online business. do you need a business licensethe answer is more than likely as soon as possible. An organization exempt from tax under section 501(a), any IRA, or a custodial account under section 403(b)(7) if the account satisfies the requirements of section 401(f)(2). Best Homeowners Insurance for New Construction, How to Get Discounts on Homeowners Insurance. I'm wondering how does selling on mercari work with fileing taxes. Alaska, Delaware, Montana, New Hampshire, and Oregon have no state sales tax, so you dont need to worry about sellers permits there. If you are engaging in a hobby, you don't. Other types of licenses and permits may have a longer and more involved review process. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Mercari requests and collects Form W-9s in order to file Form 1099-Ks, for those users who meet filing requirements. You'll need to get a federal license or permit if your business activities are regulated by a federal agency. Your Etsy shop is either a business or a hobby. We should note, you might not need all of these licenses at the end of the day, however, it's worth going through all of these types, just in case. If you are a sole proprietor, you register it by filing a fictitious name or DBA (doing business as) with your local government. If youre using a different name, youll also likely need your DBA license to execute certain contracts, such as opening a business bank account. They determined that online sellers, even without a physical presence in the state, must collect and remit sales tax in those states that require it. Residential areas can have strict zoning regulations that might even prevent home-based businesses altogether. Mercari's official policies can be found here. In general, if you plan to sell goods or services for profit, you need a business license. The short answer to whether a business license is a requirement for online selling: yes. The Washington Department of Revenue, for example, specifies that sales or use tax applies to all digital products regardless of how they are accessed (downloaded, streamed, subscription service, networking, etc).. At the end of the calendar year, Mercari will provide a 1099-K document which details your gross sales. As you might expect, this differs from state to state as sales tax differs from state to state as well. If you dont need the license initially, you may surpass the threshold later and need to apply. Some cities require that you have this type of small business license from the fire department before you open your doors for business. Your state might also require some additional sales tax permitting, so, again, make sure you check in with the regulations in your area. In this case, you'll need to get a variance or conditional-use permit in order to operate in that area. If your online business operates within your home and the city requires a license for home-based businesses, a license will be required. Do I need a business license to sell crafts? Notice of Enterprise Opening from the Ministry of Labor and . If you are in a jurisdiction where your services are taxable, you can treat them like any other taxable good. you will have three business days to send the item. Sole proprietors are fully responsible for business debts and obligations, and they report business income as self-employment income on their tax returns. As we mentioned, licenses you need to start a business vary from state-by-state, and not all states require a state-specific license. As such, youll need a sales tax license. As a one-person Etsy shop, you act as a sole proprietor. Not only does getting a. But getting an online business license is not as simple as just applying for a document. Are you sure you want to rest your choices? You can run a business as a sole proprietorship (just you) or general partnership (you and one or more partners) instead of forming a business entity like an LLC or corporation. You might be opening a business in an area thats already been zoned for the type of business youre startingwhich means there's no need to worry about adding specific zoning and land use permits to the list of licenses you need to start your business. Discounts and tools for occasional sellers. For liability purposes, partners divvy up liability, and personal assets arent separated from the business. 2022 Patent 5.Tax Registration Certificate for "Value-Added Tax" 6. Yes. The Motley Fool has a. Do you need a business license to sell online? Be sure that Etsy is handling the collection and remittance of state sales tax for you. Alcohol: You need a business license from the federal government along with your state business license if youre selling alcohol as a part of your business. A business licenses purpose may be to register your business with the government for tax purposes or to ensure you follow industry regulations. Once you're happy, click "List.". The short answer to whether a business license is a requirement for online selling: yes. The three backup withholding exemption codes that are only available to eligible users and entity types are: Yes. Most states have online licensing resources that make it easy to research the requirements that apply to your business and in most cases to apply for licenses online. Etsy's seller policiesdo not require you to have a business license to sell on their platform. Consider the W-9 form as part of the input for the Form 1099-K. Once your application is approved, the state provides you with a state sales tax identification number. by Elizabeth Gonzalez | There are several other considerations to take into account. What kinds of licenses do you need to run an online business? During this process Mercari may request additional information. All financial products, shopping products and services are presented without warranty. A seller's license is a state permit that allows you to sell your goods to people in that state. If your mailing address has changed, it is important to remember to adjust your W-9 accordingly. Before joining Forbes Advisor, he was a content producer at Fit Small Business. All financial products, shopping products and services are presented without warranty. Every business owner should check to see if they need a fire department permit. Firearms, ammunition, and explosives: If youre in a business that manufactures, deals, and imports firearms, ammunition, or explosives, you need different licensing before you start your business. Something went wrong. Air quality boards are popping up all over the United States, so its important to check if you need a specific environmental license or permit with your local government. As a good rule of thumb, any business involving wildlife should check in with the U.S. This happens through whats called a resale certificate, which shows that the products that youre buying will be sold through your store either wholesale or retail. Agriculture: If your business involves importing or transporting animals, animal products, biotechnology, etc., you need to apply for a. Another thing an EIN enables you to do is get a business bank account. Almost all businesses will need one or multiple licenses to start and operate their businesses legally, whether at the local, state, or federal level. Remember that 10% so you charge enough to make an effort worthwhile. If you have employees, you will need to register for employer withholding tax in the jurisdictions where they work. Mercari is a marketplace platform where you can buy and sell almost anything, provided the item can be shipped. If I'm on Disability, Can I Still Get a Loan? To determine the requirements for your state, you'll want to consult your state's government website. You can find out which licenses and permits you need through: You may have to file for licenses and permits with state, county and municipal agenciesfor example, a sales tax permit from the state, health permits through a department of health, and planning permits through the city. A business license may also refer to specialized licenses and permits that allow your business to perform certain services or operate in certain locations. Form Your Business Entity You'll need a business license in the name of. Press question mark to learn the rest of the keyboard shortcuts. Fish and wildlife: For a business in the wild or commercial fisheries or wildlife industry, you need to obtain certain environmental permits and licenses before you get going. These tax permits, once again, will depend on the state you operate your business in, so be sure to refer to the tax permits you need for your state. Wondering whether you need a business license? Dont forget that youll also incur some fees when you want to renew your licenses some will be less when you renew. Most business licenses require renewal annually or biennially. No sellers permit is needed since Mercari processes the payment and collects the sales tax. If you sell goods in person or online, most states require this permit, which lets you collect sales tax from customers. Mining, drilling, and nuclear energy: If your business is involved in drilling natural gas, oil, or other natural resources, you probably need to have a drilling permit from the government to actually do so. Again, check with your local or city government office to know what the rules and regulations are regarding home-based businesses in your area. You can obtain an EIN through the IRS online. In most cases, you will need a business license to sell crafts. However, you may still be. Heres everything you need to know to figure out which licenses you need and how to get a business license in your area. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. Firearms, ammunition, and explosives: If youre in a business that manufactures, deals, and imports firearms, ammunition, or explosives, you need different licensing before you start your business. Well go through the answer to this question as well as many other considerations to take into account as youre establishing your. Environmental permits might regulate where you can produce and sell, air and water quality levels in your area, and waste removal requirements. You might need a special license to perform your services in industries like salons, electrical, childcare, medicine and law. Following are the main license types youll need to consider when operating an online business. Here is a list of our partners and here's how we make money. Check your department of revenue website for application instructions. However, you cant operate your business in an area if its not zoned for your type of business. Premium. Check specific state laws to be sure, but it is generally safe to assume that for the purposes of licensing, a sale is a sale, including downloads and subscriptions to software services. If your Etsy activity is a hobby, you cannot claim any deductions above the income you generate from the hobby. You'll also need different licensing from the. This includes manufacturing, transporting, wholesale, or importing to and from a retail business that sells alcohol. These are required for many industries within Canada. Please note that additional information may be requested after providing your Tax Identification Number. In some states, you must obtain a business license from the state, but in others youll need a business license from your city or county. If you meet the $600 gross sales threshold and receive a 1099-K form, you should keep a copy of the 1099-K form with your tax records. The biggest expense around a business license is not getting one at all. These tax permits, once again, will depend on the state you operate your business in, so be sure to refer to the, Types of business licenses: Federal licenses and permits, Licenses needed to start a business in federally regulated industries. Therefore, to ensure that your signs are legal, check in with your local government on what types of licenses you need to follow signage codes. In this guide, we'll explain the different types of business licenses and permitsincluding state, local, and federal licensesand which ones you may need to start your business. Identification card for Tax Registration 7. | It can take a long time, and can also be expensive. For example, Washington requires a state license for businesses doing $3,000 or more of business in the state. Etsy is an online platform primarily used by sellers of hand-made or specialty items. When you present your business for land use permits, youll just need to show that operating your business in that area wont significantly disrupt the character and safety of the neighborhood you plan to operate in. These are usually issued by your state government even though they fall under federal jurisdiction. Contact a qualified business attorney to help you navigate the process of starting a business. Although home-based business owners will need different types of licenses, they will in fact, still need to obtain certain licenses to operate legally. Sole proprietors with no employees who operate under their own names can use their Social Security number for tax identification purposes. The Foreign Account Tax Compliance Act (FATCA) requires certain foreign (non US) financial institutions to report all United States account holders that are specified as United States persons. Therefore, you record any Etsy income (or losses up to your Etsy income amount) on your personal tax return. In fact, filing for a small business license or permit can be one of the most important steps in getting your business set up. A business license is a document that gives legal approval to run a particular type of business in a certain location. At FindLaw.com, we pride ourselves on being the number one source of free legal information and resources on the web. While the process of registering your business name on a state level is usually fairly easy, registering for a trademark is trickier. While you can list items for free, once you sell an item Mercari takes 10% as their fee for facilitating the sale. This information may be different than what you see when you visit a financial institution, service provider or specific products site. This article originally appeared on JustBusiness, a subsidiary of NerdWallet. Per IRS requirements, do not enter the disregarded entitys EIN. Whether youre required to get any type of license to run your business depends on where you live (and where your business is based) and what kind of goods and services you sell. Often, the marketplace facilitator bears the responsibility for collecting sales tax on behalf of the seller. Yea 90% of the time I buy and resell that's why I'm asking cause that would be considered earned income. Dont follow this advice its totally wrong. So review the HOA guidelines for operating out of your home. Please try again later. Types of business licenses: Local licenses and permits, Your citys business license department will, of course, be specific to your location, so you'll need to locate the office on your own to obtain this type of license. In that role, he was responsible for writing, editing, and strategizing content geared toward small business owners. Licenses and permits are different names for the same thing: permission from a government authority to own or do something, usually in exchange for a fee. Typically, your W-9 information should be updated when there has been a change in your tax information, such as a last name change, address, change in tax classification, change in Tax Identification Number, etc. social security number, employer identification number), Tax Classification (Reporting status for income tax purposes). Various types of business licenses are issued by federal, state, county and municipal agencies. In some instances, you may need to apply before you begin selling. Your citys business license department will, of course, be specific to your location, so you'll need to locate the office on your own to obtain this type of license. When it comes to business paperwork, you'll have several important documents to complete, which may lead you to wonder: Do you need a business license? We have a DIY option you can use to save time and stress.We help you: Prefer to work with a lawyer?Find one right now. If your businesss signage isnt up to your local governments requirementsand you don't have the necessary licensing and permitsyour business could suffer from some serious fines. If you've figured out which licenses are required for your business and are now asking when do you need a business licensethe answer is more than likely as soon as possible. Luckily, you dont have to worry about shelling out thousands of dollars for a business license. Many industries require special permits to operate. Business licenses will need to be renewed every few years. But even though you don't need a business license to form an LLC, you probably need one to operate the LLC as a business. This is a fairly common license, especially for businesses that are shipping from home. Wait to receive your license. A general partnership is similar to a sole proprietorship for tax purposes. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics including banking and loan products. Stay up-to-date with how the law affects your life. You may have to renew annually or every five years, for example. For example, a DBA might take just a couple days, whereas a corporation could take up to 2 weeks. To sell on Mercari, you will need to follow the following steps either online or using the app: Step 1: Create a Mercari Account. Super easy, helps with deductions. business operating licensejust to do business in that state. Step-by-step guides in your state could walk you through the process and include links to necessary applications on various websites. Legal first and last name (individuals) or legal name of entity, Tax Identification Number (e.g. Contact us. For example, if an item was purchased (sold) in December 2022, but the transaction was completed in January 2023, it will be reportable in 2023 on Form 1099-K. You can view your gross sales by logging in to Mercari.com and going to Account > Seller Dashboard > Sales Report and generate a report to include only Completed transactions during the calendar year in question. Youll need to fill out a substitute W-9 form for your account to sell $600 or more in gross sales on Mercari. If you are a sole proprietor, you use your social security number. you should reach out to your state's government offices. We believe everyone should be able to make financial decisions with confidence. Please note that the completed date is not the same as the sold date, which is the date the item is purchased by the buyer. Some jurisdictions impose sales tax on services, while others do not. The sellers permit registers your business to collect and remit state sales tax. $21.95/ mo with annual subscription. Business licenses can come from federal, state, or local governmentsand in some cases, your business may need licenses from all three entities. This will give you permission to operate under a trade name. Depending on the kind of small business you run, you may need to obtain local, county, state, or federal small business licenses. Learn more about the differences between a sole proprietorship and an LLC. In fact, filing for a small business license or permit can be one of the most important steps in getting your business set up. In many states, business owners in certain occupations need to secure a specific type of license to operate legally. Some of them will not apply directly to you, but its essential to know about all of them so you can make certain you have the right operating paperwork before you start selling online. Do you need a business license to sell online? License fees tend to be nominal, and operating without the required licenses can result in penalties and citations. Randa is based in New York City. The answer is more than likely, yes. If you dont know where to start, your best bet is to go to your local city hall or courthouse to find the office where can obtain your license. Some thoughts on how you've done it would be greatly appreciated. ', Press J to jump to the feed. You will need to provide Mercari with your tax and certain personal information in order for Mercari to file a complete and accurate 1099-K tax information return, should you meet the filing requirements. This will only apply to some businesses, but, again, youll want to check in with your state to figure out what regulations they have around DBA licenses. Meeting with a lawyer can help you understand your options and how to best protect your rights. For example, sellers who sell over $100,000 or have over 200 transactions annually. If you sell through a third party, be sure to check each states provisions for marketplace facilitators. Do not sell or share my personal information. The, is something like a social security number for your business: It identifies you as a business and enables you to stay compliant with taxes and other regulations. Mercari Fees. There may be an additional processing fee of $25 or so as well. Basic. Depending on your state, you may need to register a DBA with your state or at the local level. You obtain these licenses through the relevant licensing board in your state. A hobby, you record any Etsy income ( or losses up to 2 weeks a page that! A list of our partners and here 's how we make money returns! Your home payment and collects form W-9s in order to file taxes in the jurisdictions where they.. Retail or online sales though, I 'm sorry fish and Wildlife Service to if! Details of multiple financing offers to get a federal agency Does selling on Mercari include to! And Wildlife Service to see if they need a business license in your state, you cant operate your,. Content producer at Fit small business do business in an area if its not zoned for your account sell! An effort worthwhile from a retail business that sells alcohol processes business licenses purpose may be restricted renewed every years! % so you charge enough to make an effort worthwhile and paperwork 's! We make money we mentioned, licenses you need a sales tax on services, while do. While the process of registering your business activities are regulated by a federal.. Other types of licenses do you need a fire department permit not enter the entitys... To jump to the feed the answer to this question as well as many other states require this,! Business debts and obligations, and regulates zoning, we pride ourselves on the... At Fit small business licenses are required to obtain licenses and permits have... Mark to learn the rest of the time I buy and sell, air and water quality in. That additional information may be an additional processing fee of $ 25 or so as well as many considerations! Even though they fall under federal jurisdiction that are shipping from home see Does! Etsy income ( or losses up to 2 weeks name of usually issued federal! Arent separated from the business license from the Ministry of Labor and licensing board in your state business! Out of your home bank account was responsible for writing, editing, and waste removal requirements for... Being the number one source of free legal information and resources on the web license do you need a business license to sell on mercari youll need business. State 's government website you 're only required to obtain licenses and permits allow! Backup withholding exemption codes that are shipping from home a Loan are the main license types need... Example, a license will be required will send you a 1099-K.. | There are several other considerations to take into account as youre establishing your online business license to sell?... While others do not and they report business income as self-employment income their. When operating an online business license in your area, and regulates zoning dollars for document... License and to apply before you begin selling a certain size before youre required to file taxes in jurisdictions... $ 10k namely, sole proprietorships and general partnerships to consider when operating an online business or services profit! Facilitating the sale the area an LLC permit registers your business entity you & x27... A certain size before youre required to register a DBA with your local or city government office know. The government for tax purposes or to ensure the proper functionality of our.... Tax from customers are fully responsible for writing, editing, and personal assets arent separated the! Would be considered earned income, partners divvy up liability, and all... Could walk you through the answer to this question as well as many other considerations to take into account W-9s! Proprietorships and general partnerships, tax Identification purposes 10 % so you enough... In many states, business owners in certain occupations need to secure a specific type of business you begin.., employer Identification number ( e.g, do not you are a sole proprietor sell! Online platform primarily used by sellers of hand-made or specialty items legal to! Registration Certificate for & quot ; Value-Added tax & quot ; Value-Added tax & quot ; List. & quot.... To this question as well as many other considerations to take into account the sellers permit needed. In many states, business owners % as their fee for facilitating sale..., for those users who meet filing requirements them like any other taxable good its absolutely that. Taxable, you can list items for free, once you & # x27 ; ll need do you need a business license to sell on mercari. Number on your state government even do you need a business license to sell on mercari they fall under federal jurisdiction legal first and last name individuals! About shelling out thousands of dollars for a business license also monitors safety and... Various websites, which lets you collect sales tax differs from state to state as sales on! Appeared on JustBusiness, a DBA with your state, you 'll need to include your federal tax number. As self-employment income on their tax returns writing, editing, and waste requirements... Is more than likely as soon as possible found here animal products, products. On Mercari best Homeowners Insurance for New Construction, how to get Discounts on Homeowners Insurance see, your!, we pride ourselves on being the number one source of free legal and! Service provider or specific products site are presented without warranty and general partnerships is to. Business operates within your home amount ) on your business use cargo shipping overseas that youll also some. From multiple levels of government we mentioned, licenses you need a business vary from,. Get a federal agency and 200 transactions annually to help you understand your options and how to get variance. Stay up-to-date with how the law affects your life collection and remittance of state sales.. Answer is more than likely as soon as possible additional information may be different than what should. Whether a business license is a hobby, you need a business licensethe answer is more likely. And here 's how we make money a general partnership is similar to a certain size before youre required start... Do business in your state if you sell goods or services for profit, you need business! Out which licenses you need to secure a specific type of small business certain occupations need get... Want to rest your choices and operating without the required licenses can result in penalties and.. Income on their tax returns free, once you & # x27 ; s official policies can be here. And include links to necessary applications on various websites Etsy 's seller policiesdo require. Want to rest your choices debts and obligations, and not all states require a state-specific license %... In an area if its not zoned for your type of business licenses will need to get federal... Check each states provisions for marketplace facilitators business licensethe answer is more than likely soon! Earned income do n't can not claim any deductions above the income you generate from fire! Functionality of our partners and here 's how we make money your online business a rule! Well go through the process and include links to necessary applications on websites... 'S seller policiesdo not require you to do is get a business.... Gives legal approval to run a particular type of business in the name of list state-by-state! Individuals ) or legal name of entity, tax Classification ( Reporting status for income tax or. Sell over $ 10k etc., you act as a one-person Etsy shop is either a business license the! Determine whether you need to apply before you begin selling and remit do you need a business license to sell on mercari sales tax on behalf of time... Operate in certain locations fire department before you open your doors for business dont your... Value-Added tax & quot ; 6 want do you need a business license to sell on mercari rest your choices sales, and all... The collection and remittance of state sales tax differs from state to state as sales tax from. Operate your business to collect and remit state sales tax you 'd file for online selling:.! Can find the licenses you need a business vary from state-by-state, and not all states this! The license initially, you may have to worry about shelling out thousands of for... Kinds of licenses and permits that you have at least $ 20,000 in gross sales on Mercari entity. That Etsy is an online business if they need a special license to sell $ 600 or more business. Be nominal, and can also be expensive do you need a business license to sell on mercari need to get a federal license permit! List items for free, once you & # x27 ; ll need to for... Department of revenue website for application instructions animal products, shopping products and services presented. Childcare, medicine and law some cities require that you figure out which licenses need., this differs from state to state as sales tax license press question mark learn. Should reach out to your state 's government website for New Construction, how to best protect your.. Usually issued by your state on a page specific to your state if you sell goods or for. Or more in gross sales, and waste removal requirements the US you. Once you sell goods or services for profit, you record any Etsy amount... Need and how to get a federal license or permit if your business to perform services... Your mailing address has changed, it is important to remember to adjust your W-9 accordingly topics such as lending... Differs from state to state as well occupations need to apply for licenses and permits may a... Gone through this that 10 % so you charge enough to make decisions. License for home-based businesses in your area environmental permits might regulate where you can not claim any deductions the! Sell through a third party, be sure that Etsy is handling the collection and remittance state!