GAI operating without a liscense

[Archive]

Posted By: Bob Lamb

Not good with the links but it is on the front page of Sports Collector Daily's website. Said there was an evicition notice on the door of their office. More to the story than what was previously stated. Doesn't sound good for GAI.

[Archive]

Posted By: Anthony

http://www.sportscollectorsdaily.com/latest/gai-no-business-license.html

[Archive]

Posted By: JK

Bob - there are at least two threads discussing this already.

[Archive]

Posted By: Ken McMillan

well,that is the law in the state of California as with most states

[Archive]

Posted By: Gilbert Maines

Licensed grading company?
Ive always thought that "Licensed Electrical Contractor" meant something special.
I know that a Professional Engineer's License has specific education and experience requirements.
While to be a licensed illegal alien solely requires a trip to the DMV.

[Archive]

Posted By: Ken McMillan

doesn't matter what the business is. To have any kind of business in California you have to have a license. If you are operating a veterinary clinic, McDonalds, hairdresser, collectibles store, etc, You have to have a business licence. Ne exceptions

[Archive]

Posted By: Jerry Hrechka

Just curious - How much does a Business License cost in California?

[Archive]

Posted By: Jeff Lichtman

Jerry, I'm guessing at least $1 -- which is why perhaps that GAI never got one. After all, you pay your rent first, right?

[Archive]

Posted By: Jim VB

Most states require some sort of registration or licensing process if for no other reason than to ensure the collection of taxes.

[Archive]

Posted By: Dan Bretta

Which leads one to wonder if California didn't know GAI was in business in their state........Uh oh.

[Archive]

Posted By: davidcycleback

Getting a standard business license is about no more challenging and expensive that getting a pet's license. It's a tax thing more than anything. Beyond legalities, as a business/businessman it's to your advantage to have a business license. There are tax breaks and some private business transactions require you to be a licensed business (such as wholesale, resale deals).

If GAI by name doesn't have business license, that does not mean that the owner of GAI doesn't have one. The owner of GAI could have a license under a different name and the license covers GAI. For example if Joe Jones owned a pet shop and a flower stand, the tax license for both could be under Joe's name.

Also, as GAI is incorporated, it's officially registered as a business with the government somewhere, somehow.

If they are paying their taxes, not paying the $50 for a city business license is a relatively minor offense. The business equivalent of not having a license for your beagle. In fact, I bet is some cities the fine for not having a pet license is higher than for not having a business license.

Now, if you're a medical doctor, liquor store owner or old folks home operator, then it could be a big issue if you weren't properly licensed for your job. You couldn't legally practice medicine or sell vodka without a medical or liquor license.

[Archive]

Posted By: boxingcardman

1. You do not need a license from the state of CA to do business. If you do certain types of sales you need a resale permit for sales tax reporting,

2. At the city level, nearly every municipality in CA requires you to have a business license. Some areas like Burbank charge a flat fee per year. Others, like LA or SF charge a gross receipts tax on businesses.

The license discussed in the story is a business license from the city of San Clemente. Evasion of license requirements is common, both willful and unintentional. Most business owners do not realize they need one until they are caught in a license sweep, where the license rep comes through your building knocking doors and asking to see your permit.

[Archive]

Posted By: peter chao

One of the first things you do is get a business license, the license provides you with a tax ID so the Feds can keep track of the money you are making.

Peter C.

[Archive]

Posted By: Fred C

Do you mean so they can keep track of the money the business is "reporting". I'd be willing to bet that all recordable transactions are above the table. Since we live in such an honest society I couldn't imagine anybody trying to pull the wool over the eyes of the IRS.

[Archive]

Posted By: Ken McMillan

Boxingcardman has the concept pretty well correct. State of California itself does not license but if effect most all local municipalities do which in effect makes it required to do business in California. Also some counties require licensing (example San Diego County). Generally the license is issued using your Social security number or a FEIN number. If you do not have the license, you are illegally doing business. The fees are nominal so GAI should be able to afford them. Ignorance of the law is no excuse either.

[Archive]

Posted By: boxingcardman

You obtain your Federal tax ID from the IRS directly. You obtain another ID number from the State of CA's EDD if you plan to have employees. If you are incorporated or an LLC you will also have an ID # assigned by the secretary of state.

What kind of law do you practice?

[Archive]

Posted By: Steve

Interesting read.

Oh, they're back... well, sorta

http://gacard.net/