Wednesday, April 28, 2010

How can I apply for tax identification number/EIN?

Infotaxsquare.com can help you obtain federal employer number or tax identification number in various ways like you can apply online, by telephone service, by fax, or by email. All you need to do is to fill out Interview-style online EIN application. It's fast, free, and user-friendly!

Tuesday, April 27, 2010

When do I need Employer ID Number?

Generally, businesses need a new EIN when their ownership or structure has changed. Although changing the name of your business does not require you to obtain a new EIN. Getting a new EIN also depends on the type of your business entity.

Monday, April 26, 2010

Employer Identification Number?

An Employer Identification Number (EIN) is used to identify a business for tax purposes with the Internal Revenue Service (IRS). An EIN or FEIN, also referred to as a Tax Identification Number (TIN), is similar to a social security number for your business. Every business, except for certain sole proprietorships that do not have any employees, should have a federal employer identification number (FEIN). Certain nonprofit organizations for example: churches, clubs, etc., trusts, and estates must also have an EIN.

A business is required to obtain a Federal Employer ID Number if it hires employees or meets other IRS guidelines. In addition, banks usually require businesses to obtain an Employer ID Number prior to opening a business bank account.

Other names

EIN also known as the Tax Identification Number (TIN), Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number, the EIN is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States for the purposes of identification.

To Read More: Employer Identification Number?

Source: Business Documents Filing In All 50 States

Friday, April 23, 2010

What types of products are covered under the law?

You must obtain a license if you sell any type of tobacco products. These include cigarettes, cigars, smokeless tobacco, pipe tobacco, etc., as defined by Revenue and Taxation department.

Source www.infotaxsquare.com

Thursday, April 22, 2010

What will happen if I do not obtain a license?

If you do not obtain a license and continue to sell cigarettes or tobacco products, you will be subject to fines or imprisonment up to one year, or both.



Source www.infotaxsquare.com

Wednesday, April 21, 2010

Can our corporate office apply for licenses for all store locations, or does each store have to apply separately?

A corporate office may submit a single application for all of its stores, but the appropriate information (addresses, etc.) must be stated on the application along with the submission of the fee for each store.

Source www.infotaxsquare.com

Tuesday, April 20, 2010

Do I have to renew my license?

Yes. The license must be renewed annually. However, if you fail to renew your license timely and allow your license to expire, you will be required to pay a reinstatement fee as a precondition for reinstatement. Please remember that you may not sell cigarette and/or tobacco products without a valid Cigarette and Tobacco License/Cigarette vending machine license.

Source http://www.infotaxsquare.com

Wednesday, April 14, 2010

Do I need a separate license for each of my stores, or is one license for all of my stores sufficient?

You must obtain a license for each retail location you own or operate. For example, if you operate several different stores and each sells cigarettes or tobacco products, you must obtain a separate license for each store location. However, you may submit a single application for multiple licenses.

Source http://www.infotaxsquare.com

Tuesday, April 13, 2010

What is the difference between a trade name and a trademark?

A trade name (also know as an assumed name or "doing business as") is the name an owner uses to identify his or her business. A trademark is used to identify the goods and products that an individual or business offers to the public.

Source www.infotaxsquare.com

How can I apply for retail cigarette license?

Complete and submit an Application for Retailer's Cigarette License or Tobacco License. You can either apply online or download the application from our website at www.infotaxsquare.com or can call us at +1 (866) 754-4460 for any query. Our representatives are ready to guide you.

Source www.infotaxsquare.com

Monday, April 12, 2010

Shall I need to apply for any other permits?

Depending on your business operations, you may be required to obtain more than just a retail cigarette license or tobacco license. If you are a new retailer you may need to obtain a sales tax id number (Certificate of Authority).


Exempt states for Cigarette and Tobacco License/Cigar License:


Arizona, Colorado, Illinois, Kentucky, New Mexico, South Carolina and Virginia



Source http://www.infotaxsquare.com

Can a trademark or service mark be reserved before using it?

No. A mark must be in use prior to filing with the State.



Source http://www.infotaxsquare.com

Thursday, April 8, 2010

What are the requirements to obtain and maintain a Retail Cigarette or Tobacco License?

Every retailer currently selling cigarettes or tobacco products must apply for and obtain a cigarette and tobacco license/cigar license. All new applications must be submitted with a one-time license fee (vary by state) for each retail location selling cigarettes or tobacco products. Each retail location selling cigarettes or tobacco products must have a separate license. In most states a license is valid for a twelve-month period, is not assignable or transferable, and must be renewed annually.

Source http://www.infotaxsquare.com

Do you need to be a corporation to obtain a trademark?

No. The trademark applicant is the person who owns the mark. Normally, this is the person who produces the goods or who renders the services associated with the mark and who controls the use of the mark. That person can be an individual sole proprietor, a general partnership, a limited partnership, joint venture, corporation, Limited Liability Company or other legal entity.

Source http://www.infotaxsquare.com

Wednesday, April 7, 2010

Do I need to register my trademark?

No. It is not required that you register your trademark or service mark in order to establish ownership rights. Registration of the trademark creates a legal presumption of the registrant's ownership of the mark and the registrant's exclusive right to use the mark in the state commerce in connection with the goods or services described in the application.

Source http://www.infotaxsquare.com

Who is a cigarette retailer?

"A Cigarette Retailer" is a person, other than a wholesale dealer, who sells cigarettes or tobacco products directly to the public from a specified retail location, including cigarette vending machines.

Source http://www.infotaxsquare.com

Monday, April 5, 2010

What is a Trademark?

A trademark is any word, name, symbol, or device, or any combination, used, or intended to be used, in commerce to identify and distinguish the goods of one manufacturer or seller from goods manufactured or sold by others, and to indicate the source of the goods. In short, a trademark is a brand name.

Trademark rights may be used to prevent others from using a confusingly similar mark, but not to prevent others from making the same goods or from selling the same goods or services under a clearly different mark. Trademarks which are used in interstate or foreign commerce may be registered with the Patent and Trademark Office.

Some people confuse patents, copyrights, and trademarks. Although there may be some similarities among these kinds of intellectual property protection, they are different and serve different purposes.
Reduces Personal Liability:
Incorporating helps separate an individual's identity from that of his or her business. Insurance may still be necessary, but incorporation contributes an added layer of protection.

Source http://www.infotaxsquare.com

What do you mean by a cigarette license or tobacco license?

A cigarette license or a retail cigarette license is a legal document issued by the concerned state department (as well as City and county local bodies) which signifies that a business or a retailer is legally allowed to sell cigarettes and tobacco (against tobacco license) in accordance with the state law from a specified location to the consumers who are allowed to buy them.
Source http://www.infotaxsquare.com

Friday, April 2, 2010

Biennial Statement, Annual report or Statement of information for a Business Corporation or Limited Liability Company

Domestic and foreign business corporations are required by Law to file a Biennial Statement, annual report or Statement of Information with the State. The Biennial Statement must set forth:
• The name and business address of its chief executive officer.
• The street address of its principal executive office and
• The address to which the Secretary of State shall forward copies of process accepted on behalf of the corporation.

Source: http://www.infotaxsquare.com

Thursday, April 1, 2010

What are the requirements to obtain and maintain a Retail Cigarette or Tobacco License?

Every retailer currently selling cigarettes or tobacco products must apply for and obtain a cigarette and tobacco license/cigar license. All new applications must be submitted with a one-time license fee (vary by state) for each retail location selling cigarettes or tobacco products. Each retail location selling cigarettes or tobacco products must have a separate license. In most states a license is valid for a twelve-month period, is not assignable or transferable, and must be renewed annually.
Please remember that you may not sell cigarette and/or tobacco products without a valid Cigarette and Tobacco License.

Source: http://www.infotaxsquare.com/