any idea what licenses you will need to open a vape shop?
I am pretty sure it would depend on where you are at. Each state has its own laws and requirements.any idea what licenses you will need to open a vape shop?
A business license for sales tax.
A tobacco retailers license, if your state requires it.
Insurance.
Employer tax ID number, if you have employees.
Possibly even registering the lab, depending on your state.
Wrong.You will need the fed employer tax number even if you hire NO employees.. Because you as the owner/operator count as an employee for tax purposes.
You need to check you LOCAL laws; City, County, state and federal they will all likely want some money.
That is correct. My brother and I own the business 50/50 we applied for and received our LLC. We are free to business online in the US. We also have our EIN. Personal Taxes are easy since it is counted as earned income. However, we only sell mods! No juices, atomizers, just mods and some handmade furniture. That could be why it is relatively simple for us.Wrong.
I own a business, and am a sole employee/owner. I do NOT need a EIN number. My "federal tax number" is my S.S. number.