Bartender schools in bergen county7/9/2023 With these benefits in mind, Leonel decided to embark on his journey as an LLC treated as an "S" corp.Ĭhapter 2: The Mysterious DBAAs Leonel continued his adventure, he stumbled upon a peculiar term: DBA, which stood for "Doing Business As." Curious about this enchanting concept, he explored funny and creative DBA names like "Tipsy Taps," "Shaken Not Stirred," and "The Mixology Magician." These names added a touch of humor and charm to his mobile bartending business. Plus, it had a special spell called Qualified Business Income (QBI) that would reduce his gross income by a magical 20%. The LLC treated as an "S" corp was like a knight in shining armor, offering both personal and business asset protection. Leonel delved into the magical realm of business entity registration, where he discovered a powerful secret. Would he be a sole proprietor, a partnership, an LLC, or a corporation? He had a dream of starting his very own mobile bartending business, but he was faced with a perplexing challenge: choosing the right ownership structure. NJ Mobile Bartending Business Chapter 1: The Quest for the Perfect Business EntityIn the land of entrepreneurship, there was a brave and ambitious individual named Leonel. Mobile bartending will be selling and serving alcohol at events and to public while on the move closed bottles and cocktails? I also am sometimes required to rent equipment such as a portable bar, garish boxes, ice chests and glassware as per the clients specific needs. I travel to the client and never host parties on my own. I employ people on a as needed basis and only hire per job. Some of the events i work require up to 3 bartenders due the amount of guests attending the parties. My clients are able to find me via numerous event staff hiring websites and social media. Where can I go get the licenses: Im a bartender for hire that operates non cash bars only. How do I know what to file for registering my Form 5472 is an information return for tax purposes and after an LLC is liquidated, it must file aįinal Form 5472 as well as when adding members.I am a barber and want to open a mobile barber shop in new jerseyĪmanda's Bartending Service". No formalities such as corporate minutes to hold unless you filed an IRS form and you treat your LLC as a "C" corporation.Īll LLCs need an IRS EIN after setting the LLC up, and a Responsible Person as well s keeping track of members and LLCs financial transactions and a filing of Form 5472.įoreign persons will have to report individually the transactions. LLCs were first created in Wyoming in 1987 and have become the preferred entities because LLCs are not bound by the same rigid rules of corporations and require Partnerships and corporations and preferable because they allow you to save on taxes.įor example, the “New LLC Law” that became effective in 2018 and the 20% reduction in business taxes for small businesses earning less than $157,500. Limited liability companies (“LLCs”) are hybrid entities that blend pass-through taxation of Limited liability for the debts and actions of the LLC. Setting up or forming a limited liability company (LLC) online is simple, easy and affordable, inexpensive process for under $60 plus state fees.Īn LLC is a corporate structure and you will not be held personally liable for the company debts or liabilities because, similar to a corporation, owners have What is the Cost? Can I obtain these license here online: I was just wondering if there was any special license I needed for NJ Mobile Bartending. The label fictitious name is "Super NJ Mobile Bartending I am looking to register my Online NJ Mobile Bartending onĪnd trying to figure out what licenses I need. Form Llc New Jersey Mobile Barber Shop: Licensing for NJ Mobile Bartending Business
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