A well-known online store where people may sell their handmade or vintage goods is Etsy. Whether you need a business license to sell on Etsy in New York is one of the queries you could have if you plan to sell on the website. Yes, a business license is required in New York in order to sell on Etsy.
Anyone wishing to conduct business in New York must obtain a business license. This rule is applicable to all company models, including ones that run online. No exception applies to Etsy vendors. You need a business license from the city or county where your business is situated if you are selling on Etsy from New York.
Depending on your area, the kind of business you run, and other criteria, the procedure for obtaining a business license in New York may differ. In most cases, you’ll have to submit an application, pay a fee, and give details about your firm. Before issuing a license, certain cities could also demand that the location of your business be inspected.
An LLC may indeed own another LLC. A parent-subsidiary connection exists in this situation. When one LLC owns another LLC, the other LLC is known as the subsidiary LLC and the owner LLC is known as the parent LLC.
There are numerous reasons why a business could decide to set up shop in this manner. A parent LLC, for instance, might use a subsidiary LLC to reduce its liabilities or for tax reasons. A parent LLC’s firm may be expanded into new markets or industries with the aid of a subsidiary LLC.
It’s crucial to keep the two LLCs distinct when one LLC owns another LLC. For each LLC, this entails keeping a separate set of tax reports, financial statements, and bank accounts. Observing any legal prerequisites for running any LLC, such as acquiring business licenses and permissions, is also crucial.
Amazon is a business. It is a corporation that is publicly traded and was incorporated in the state of Delaware. Amazon became a publicly traded company in 1997 and is traded on the NASDAQ under the ticker AMZN.
In its capacity as a corporation, Amazon is governed by a board of directors. Additionally, it has shareholders who hold equity in the business and have the ability to cast ballots on important corporate decisions and the election of directors, among other things.
In conclusion, be sure to get a business license in advance if you intend to sell on Etsy in New York. A company called Amazon is a business that is listed for trading on the NASDAQ stock exchange, and an LLC can also own another LLC.