IMPORTANT - Regarding of your account designation, all studio owners (US and International) are considered Self Employed, which means that you do not work for Clips4Sale.com and you should never list Clips4Sale or our parent company, Intermark Management or Tropic Sun Corp. as your "employer" on any applications you may fill out (rental agreements, mortgage documents, etc).
International (Non-US Citizens) may choose either account option
when applying for a studio, you will not be asked for Tax ID information.
Step 1 - Account Type
- New Studio Application - https://admin.clips4sale.com/signup/
The first step of the application process for Clip4Sale is choosing your correct account type. Below you will find helpful information regarding the two account options listed on the application and help you decide which may be best for you.
Please Note: We strongly suggest that you speak to an accountant for assistance with deciding which option is right for you and/or assistance with setting up a new business. Clips4Sale staff can not offer assistance with this decision.
If you are a US Citizen and/or have a valid work visa for the United States and wish to use your legal name and your personal social security number to open an account, you would choose this option. Your personal information is not shared - See: http://clips4sale.com/list/en/page/privacypolicy
All valid Individual Accounts will receive a 1099-MISC tax form at the end of the year for all income earned over $600.00. Additional Information: http://18.104.22.168/1099-misc/
Excerpt and Information from US Small Business Administration - https://www.sba.gov For a US resident, the business structure that you choose will have legal and tax implications. Learn about the different types of business structures and find the one best suited for your business by reading about the various types of business available to you below.
All valid Business Accounts will receive a 1099-MISC tax form at the end of the year for all income earned over $600.00. Additional Information: http://22.214.171.124/1099-misc/
DBA - Doing Business As
Naming your business is an important branding exercise, but if you choose to name your business as anything other than your own personal name then you’ll need to register it with the appropriate authorities. This process is known as registering your “Doing Business As” (DBA) name. Learn more about DBA's here: https://www.sba.gov/starting-business/choose-register-your-business/register-your-business-name
A sole proprietorship is the most basic type of business to establish. You alone own the company and are responsible for its assets and liabilities. Learn more about the sole proprietor structure here: https://www.sba.gov/starting-business/choose-your-business-structure/sole-proprietorship
Limited Liability Company
An LLC is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. Learn more about how LLCs are structured here: https://www.sba.gov/starting-business/choose-your-business-structure/limited-liability-company
People form cooperatives to meet a collective need or to provide a service that benefits all member-owners. Learn more about how cooperatives are structured here: https://www.sba.gov/starting-business/choose-your-business-structure/cooperative
A corporation is more complex and generally suggested for larger, established companies with multiple employees. Learn more about how Corporations are structured here: https://www.sba.gov/starting-business/choose-your-business-structure/corporation
There are several different types of partnerships, which depend on the nature of the arrangement and partner responsibility for the business. Learn more about how these are structured here: https://www.sba.gov/starting-business/choose-your-business-structure/partnership
An S corporation is similar to a C corporation but you are taxed only on the personal level. Learn more about how S corporations are structured here: https://www.sba.gov/starting-business/choose-your-business-structure/s-corporation