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360Business PlanEINHow ToNewbiesSales Tax

Business License in New Jersey14591

Leon11 private msg quote post Address this user
Hello Everyone,

I’ve been doing a bit of research on how to abide by the law. I understand so far that 3D tours are currently sales tax excluded in NJ since they are digital.

But I am unsure if I need a business license with a separate EIN number and bank account for what I do.

Do any of you have any knowledge in this before I give my city a call?

Thank You
Post 1 IP   flag post
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Member
Orchard Park, New York
GETMYVR private msg quote post Address this user
Register a DBA with your county Business office, at least to secure your business name and make sure you're not using somebody else's. Your EIN is your SSN as a sole proprietor. To cover yourself and add integrity, a simple photography liability insurance plan is about 30 bucks a month, mine is $2 million in coverage through Hiscox. When you get the notarized business license back you can get paid in your name or the business name no problem. I'm in NY, could differ elsewhere, but this is a good basic simple business setup.
Post 2 IP   flag post
foxwrth13 private msg quote post Address this user
Where in NJ are you?
Post 3 IP   flag post
Leon11 private msg quote post Address this user
@getmyvr, thank you for the quick response! Going to look into that!

@foxwrth13, I’m in north Jersey, Passaic county. Are you from Jersey too?
Post 4 IP   flag post
foxwrth13 private msg quote post Address this user
Morris County
Post 5 IP   flag post
Leon11 private msg quote post Address this user
@foxwrth13, cool, we’re neighbors! Did you do something similar to what was described above or did you do something different, if you don’t mind me asking?
Post 6 IP   flag post
foxwrth13 private msg quote post Address this user
I had an existing business. I plan to rebrand the virtual tour one though
Post 7 IP   flag post
Leon11 private msg quote post Address this user
That’s interesting, I vaguely understand this concept. I’ve got a lot to learn. Is it an existing business that was related and virtual tours is an extension of it?
Post 8 IP   flag post
foxwrth13 private msg quote post Address this user
I have a web design company and am a realtor. I did 3dvista tours years ago. Got back into when matterport came out
Post 9 IP   flag post
Leon11 private msg quote post Address this user
That’s great! They all intermingle in some way. Definitely a good reason to get back in, still growing in the area.
Post 10 IP   flag post
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Member
Boxborough, Massachusetts
toddwaddington private msg quote post Address this user
Hey, @Leon11, @foxwrth13...sorry if it's tangential but feeling nostalgic with all this Jersey talk. I was born and raised in southern New Jersey (Pennsville, in Salem County), went to Montclair State (University), and know that North Jersey area very well. I live in Massachusetts but that area still feels like home. Goin' "down the shore" when this pandemic subsides? Cheers!
Post 11 IP   flag post
Leon11 private msg quote post Address this user
No worries, @toddwaddington, down the shore, haven’t heard that in a while. Haven’t checked what they’re gonna do this, wouldn’t want to be tied up in a place I like to let loose!
Post 12 IP   flag post
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