LLC Partnership State ID Number

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  • Unregistered

    LLC Partnership State ID Number

    This is my first year in the business. I recently found out while working on my state taxes that I need a mn tax id number in addition to my ein number. I have a llc partnership home daycare business. When I went to Minnesota's website to file for a tax id number it asks me what types of taxes I need to file for my business? It lists sales and use, use only, withholding... Does anyone know or would be able to help me figure this out? Thanks.
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    tax id

    Originally posted by Unregistered
    This is my first year in the business. I recently found out while working on my state taxes that I need a mn tax id number in addition to my ein number. I have a llc partnership home daycare business. When I went to Minnesota's website to file for a tax id number it asks me what types of taxes I need to file for my business? It lists sales and use, use only, withholding... Does anyone know or would be able to help me figure this out? Thanks.
    Choose sales and use tax.
    http://www.tomcopelandblog.com

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    • TTT
      Daycare.com Member
      • Jan 2013
      • 7

      #3
      Thanks Tom!

      I have one more question, if you could please answer.
      Because I choose sales and use tax, does that mean I should be paying in a sales tax on each check I receive from parents for care? Or when do I pay a sales and use tax to Minnesota?

      Comment

      • TomCopeland
        Business Author/Trainer
        • Jun 2010
        • 3062

        #4
        sales/use tax

        Originally posted by TTT
        Thanks Tom!

        I have one more question, if you could please answer.
        Because I choose sales and use tax, does that mean I should be paying in a sales tax on each check I receive from parents for care? Or when do I pay a sales and use tax to Minnesota?
        No. You are offering a service and so that is considered a "use." You only owe state income tax on your profit, because you are self employed.
        http://www.tomcopelandblog.com

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