![]() ![]() On the other hand, if you form and LLC or you incorporate, a judgment debtor can only seize whatever you have in the LLC bank account or its assets.įirst, purchase your licensing as described above. If someone sues you for food poisoning from eating a hot dog, he can go even after your own personal assets such as your home and car if you file just as a sole proprietor hot dog cart. Should You Form an LLC for Your Hot dog Business? In addition, any cart related help you get from employees, requires that you get a federal tax ID number and a state employer tax ID number. ![]() Of course, a cart business also needs a general business license and if using a trade name, such as "Hot Dogs with No Dog Meat," needs a fictitious business name registration. Food sold from a cart is taxable because it is prepared food as opposed to unprepared food, such as the raw food you buy at the market - for example a bag or rice. This is because any hot dog sold from a cart is taxable. I an a vendor at flea market in n.c sell hotdogs and cheese nachosįood businesses, including Hot Dog Carts, are subject to these requirements:įirst, whether you sell a cart of you sell something from a cart, you will need a sellers permit. ![]() NC DBA Set up and Filing in Kings Mountain, NC DBA for NC business in Kings Mountain, NC Formation and Set Up ![]()
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