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socrateaser, Lawyer
Category: Tax
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Experience:  Retired (mostly)
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I am starting an online resale business in Georgia and would

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I am starting an online resale business in Georgia and would like to know what type of company i should form and what tax id numbers do I have to obtain?The business is home based.

For most people, the only reasonable choice of a business entity is a Limited Liability Company (LLC). The reasons are:

1. It requires only a registration with the government -- no other articles, bylaws, resolutions, etc. are required.
2. It requires no formal meetings, whereas a corporation does.
3. It requires no specific management personnel (no President, Treasurer, Secretary, etc.).
4. It requires no separate accounting -- the owner can use a Form 1040 -- Schedule C to report taxes (as long as there is only a single owner).

In short, an LLC is the simplest legal entity and provides substantially all of the value that any other legal entity can provide. See this link.

Concerning tax identification numbers, you will need an EIN from the IRS. See this link. You may also need a sales and use tax certificate from the Georgia Department of Revenue. See this link.

Hope this helps.

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