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To open a store or furniture business, it is required that you know the interior codes of your business, to apply the correct interior design code in the business registration file. .
USA FURNITURE BUSINESS
Furniture business code
- In order to trade in furniture, businesses need to register the industry codes in the following table:
STT Code table of furniture business lines 1 4649 – Wholesale of other household goods. Details: Wholesale of beds, wardrobes, tables and chairs and similar furniture.
2 4753 – Retail sale of carpets, cushions, blankets, drapes, curtains, wall and floor coverings in specialized stores. 3 4759 – Retail sale of electrical household appliances, beds, wardrobes, tables, chairs and similar furniture, lamps and luminaires, and other household appliances n.e.c. in specialized stores. 4 4784 – Mobile or market-based retail sale of other household appliances. This class includes: Retail sale of electrical household appliances, beds, wardrobes, tables, chairs and similar furniture, electric lamps and luminaires, and other household goods n.e.c. mobile or market.
5 4791 – Retail by mail order or internet. 6 4330 – Completion of construction works. Details: Installation of furniture.
7 7410 – Dedicated design activity. Details: Interior decoration activities.
8 3100 – Manufacture of beds, cabinets, tables and chairs 9 9524 – Repair of beds, cabinets, tables, chairs and similar furniture. What is the procedure to open a furniture business?
When you want to open a furniture store, you must submit a business household registration application to the business registration office of the district where the furniture store is opened.
You can refer to the details: Procedures for individual business household registration according to the latest regulations
When opening a store, besides the business registration procedure, you need to pay attention to a few more issues as follows:
– Note about the store name: As a store, of course, it must have its name. This helps you to create your own brand for your furniture store. In addition, the store must have the correct name to be able to register a business. Therefore, you need to be very careful: The store name needs to have enough structure (including type + proper name), can use abbreviations or English names. Do not use words, symbols lacking culture, contrary to pure customs to name the store. The name of a furniture store must not be duplicated with another store that has previously registered for business, at least within the district level.
– Note about renting a store as a business location: One of the conditions for opening an interior room that you need to meet is the preparation of a business location. You need to prepare a space to open a store, if you do not have a store or space, you need to rent a store to make a business location. Moreover, please decorate the most suitable and convenient furniture store. You should choose a frontage location, near a major road, near the center or a densely populated area. Because the location of the store greatly affects the business as well as the store’s ability to sell. Therefore, you need to consider carefully when renting.
– Notes on capital – How much capital does it take to open a furniture store?: How much capital is needed to open a store is one of the top concerns of people. Because, everyone wants to know how much it costs to open a specific furniture store to fully prepare, to avoid a lack of capital when opening a business. However, in reality, it is difficult to give an exact number for you, because this amount of capital will depend on the ability of each person, available conditions and size of the store. For example, if a store has a small scale, the capital will be less when opening a large-scale store. If you have a store that you don’t need to rent, the amount of capital is also different from when you have to rent a store. Currently, according to the current market price, to open a store, you will usually need between 200 and 700 million depending on the calculation ability as well as the experience of opening a furniture store of each person.
– Note on business planning: To ensure a favorable business store, you cannot ignore the business plan. Because there are many different furniture stores, if you want to attract customers, you must have a specific plan. Currently, the furniture market is quite diverse, the competition is very high. Therefore, if you want your store to run smoothly, you always need to launch promotions and incentives regularly.
– Note about taxes to pay: After opening a furniture business, you will have to pay tax rates such as:
+ Value added tax
+ Personal income tax
+ License tax
tax bracket 1 year income Tax rate for the whole year 1 From 100 million to 300 million/year 300.000 2 From 300 million to 500 million/year 500.000 3 From 500 million to 1 billion/year 1.000.000 >> According to the latest regulations, if the store’s turnover is less than 100 million / year, it will not have to pay the above taxes.
Above is a summary of the most commonly used furniture business codes . In fact, when registering a business or protecting a trade mark, you need to base on the reality of your products/services to choose the appropriate industry code. It is recommended to register more and cover it so that you do not have to constantly add when expanding your business, in addition, it is also necessary to register relevant industry codes for smooth furniture business.
Explore more:
- Instructions for Making Fire Prevention Records for Business Households
- Instructions on How to Make an Individual Business Household Tax Report
- Procedures for converting an individual business household to a company
- How to register an individual business household online
- Difference between business household and company
