I am a newbie to the framing business, I have run into a small problem. That problem is that I am not quite ready to open up shop, I don't have a tax ID, so wholesale moulding manufacturers won't sell to me. Any retail moulding companies out there?
When you go to the tax office for your ID, ask about business classes, too. There are usually some free ones, and they can help a lot with the basics of taxes, forms, and procedures.
Get a DBA while you are at it, and open a bank account under your business name. Even though, as a sole proprietor, you don't have to, it just looks better if you pay your commercial accounts with a "company" check.
In the left hand column, click on Business
On the page that opens, click on Starting a Business in Maryland
Plan on attending the show in NYC next weekend and taking all the classes that you can and meeting lots of vendors. Many will be happy to open accounts for you - but a tax number is basic. You need it now if you're starting to buy equipment/supplies.
Philadelphia will have a show with excellent classes in May.
Dave, here is another wet noodle for you. I had the same problem last year. In December I started preparing for a business that wouldn’t open until April. I got a State Tax Id. This is all I have even still today. Because this # if for tax collection purposes its remarkably easy to get. The form took about 3 minutes to fill out. That number gives you access to almost all the vendors except a few.
When I opened I called the tax office and changing my tax ID to the new address was just as easy. So my advice is get a state tax ID.
The EIN from the IRS is easy to fill out, we did it over the phone. They really insisted that we download the form first, so get it from their website irs.gov. and go from there. In Maine I think my tax number is a variation of the EIN so I had to get that before I could get my Maine number. But easy as a get out to do.
Good luck. And ask questions. Lots of questions. My shop has only been open for a few months. I look back to last fall, and cannot believe how much I accomplished in just getting all the licenses & tax #'s, and learning how to pay sales tax, etc. Seems like framing is the easy part. That comes naturally (most of the time