Etsy is an online store where creative business owners may sell their handcrafted, vintage, and one-of-a-kind products. You might be asking if you need a business license if you intend to sell on Etsy in Hawaii. The short answer is that in order to sell on Etsy in Hawaii, you must have a Hawaii General Excise Tax License (GET).
The application for a Hawaii General Excise Tax License is made on a G45 Tax Form. Any company conducting business in Hawaii must possess this license. The GET is a tax on a company’s gross revenues that ranges from 0.5% to 4%, depending on the area and kind of operation.
After receiving your Hawaii General Excise Tax License, you will need to submit a Form G-49 on a regular basis. The gross receipts and taxes due to the state of Hawaii are reported on this form. The form can be sent in by mail or electronically. The form should be sent to the following address if you decide to file by mail: Department of Taxation, Honolulu, Hawaii 96806-1530, P.O. Box 1530
You must comprehend the idea of landed value if you intend to sell imported goods on Etsy in Hawaii. The overall cost of the imported items, including the price of the commodities, freight, insurance, and any other expenses incurred to transport the goods to their final location, is known as the “landed value.” The customs duties and taxes due on the imported products are determined using this value. Do I Have to Register My Hawaii Sole Proprietorship?
You must register your company with the state of Hawaii if you are running your Etsy business as a sole proprietorship. Through the Hawaii Business Express website, this can be done online. You can create a business bank account and file taxes using the business name and tax ID number you receive when you register your company.
In conclusion, you must obtain a Hawaii General Excise Tax License and register your business with the state if you intend to sell on Etsy in Hawaii. Additionally, you must comprehend the idea of landed value and how it affects customs charges and taxes if you intend to sell imported items. You may make sure that your Etsy company is functioning lawfully and in accordance with Hawaii state regulations by adhering to these rules.
Yes, a business license is typically needed in Hawaii for independent contractors. This holds true for those who provide services to customers, such as independent writers or graphic designers. However, depending on the services being provided and the business’s location, the criteria could change. For precise licensing requirements, it is advised to contact the Hawaii Department of Commerce and Consumer Affairs.