Are you a blogger who has a great talent and perspective for climbing the career ladder but is suspicious about the rest? Well, this post is right for you. If you have questions on this topic, then continue reading.
If you have been writing for some time and have come to the realization that readers are engaging with your postings, you may want to make money out of that. Well, it is not impossible though there are lots of bloggers trying to do so.
For the monetization of your pastime of blogging, you need to pass through some important stages. For this, you must be ready to work hard and put in a few hours per day if you want to have a satisfying result.
What You Legally Need
If you are planning to make money out of your blogging, then this means that you are doing business. Accordingly, anyone who aims to do any type of business is to acquire, in this case, an Alabama Business License.
Besides this, you also need an EIN. If you want to sell something, you also need a trading name. For this, you will need to file a DBA (more information is presented in the following subheading).
Note that if you want to buy or sell wholesale (in bulk) or sell retail (in small amounts) any materials, items, or equipment, you need another special document that is the seller’s permit (if your blog is connected to sale).
NOTE: Also remember that if you file an LLC or Corp., you don't need a DBA filing.
It is always a good idea to contact the Department of Revenue of the state, the division of certifications at 334-353-7827 if you want more information described in detail.
This will provide you with everything you need to know about your county because the standards could vary slightly, even throughout counties.
EIN and DBA
If you are new in the field, you may not know what these abbreviations mean. Well, EIN is a special number that is important to have for your company. It is a kind of social security number for the company like we, humans have.
It stands for Employer Identification Number. It is used while dealing with IRS (Internal Revenue Service). It aids you to:
pay employees, pay taxes, apply for licenses and permits, open a different bank account in the LLC's name,and more.As for the DBA, there is a legal name of the company that is written on the document of registration but if the company operates under another name, it is called the DBA name. That is called otherwise as:
assumed namefictitious business nametrade nameHow It Works
Well, the process is not that complicated. You can obtain your Alabama Business License in 5 steps.
Register
You must register your business in Alabama in order to receive this paper. This is your first step. You must decide the type of your company before transferring the registration. Detailed and in-depth market analysis may prove beneficial to you.
2. Choose the Structure
Once you've finished with the previous point, you can begin to consider the structure of your business. This refers to your desire to register as a:
CorporationLLC- Limited Liability CompanyGP- General PartnershipLP- Limited PartnershipLLP- Limited Liability PartnershipLLLP- Limited Liability Limited PartnershipSole ProprietorshipThis is crucial because there are various types of application forms and if you send something wrong, it will only delay the procedure and you will get a rejection.
3. Define the Type
The previous stages must be completed before you may choose the nature of your business. This refers to the fact whether your organization is a domestic or foreign one.
Domestic property is that which is registered in Alabama; foreign property is that which is registered in another state.
4. Deliver the Fees
The fees that you must deliver for the submission are the following:
$150 - for a foreign entity$200 - for a domestic entity Register the NameIf you want to have a business, you must choose a name for it. In case you want to reserve a name for your business, you must send an application to the Department of Revenue.
There are different forms referring to this point. If interested, go by the links for the applications that we have provided above and choose one according to your needs.
Renewal
After completing all requirements and receiving your permission, you can use it for one year. That is to say, the permit is valid for only a year. After that, you must update it on regular basis starting from October 1. You can do it till September 30 of the next year.
If you fail to do it on time, you will face penalty charges and extra delay fees to pay. So, try not to be late.
0
Sign in to leave a comment.