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Hi, I'm Do I Need A Resellers License In MT
recycled landscaping glass resale
FAQs - More...
Sellers Permit or Resale License
If you want to buy any taxable merchandise such as jewelry or clothing at wholesale prices to make jewelry to re-sell, or to buy clothing and accessories to resell them, then you need state sellers permit or sales tax license also called a resale l..., . |
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Sellers Permit or Resale License
If you want to buy any taxable merchandise such as jewelry or clothing at wholesale prices to make jewelry to re-sell, or to buy clothing and accessories to resell them, then you need state sellers permit or sales tax license also called a resale license.
States Require A Sellers Permit
This is because most states require jewelry vendors to collect tax on sales made within that state as opposed to out of state. For example, you are in California and you sell a piece of jewelry, e.g., a gold ring, to a New Yorker. Since your business is located in CA, you do not need to charge taxes.
Selling in-state requires that you charge sales tax
On the other hand, if you sell in California you need to charge sales tax on every retail sale that’s shipped to any address within California.
So if you are selling your jewelry, get your sellers permit also called a resale license.
There is no other way to buy wholesale and re-sell retail. The implication is that even if you sell just wholesale, you still need to get the resale license.
This is because in the end... the end user has to pay sales tax. Hence the requirement to get a sellers permit as a wholesaler so the state can monitor sales between wholesalers and retailers ( taxable item sales that is ).
Anytime you run into a state inspection, the state it will you to show proof that tax-exempt sales are indeed sold to vendors with a valid Seller’s Permit. Unless you had a valid resale license at the time of the sale, you will have to pay the taxes or penalties of the sales without a resale license. Things are that harsh.
For instance, you are located in Texas, and you try to buy wholesale from Pennsylvania, despite that you will not sell in PA, you will need a resale certificate to produce to the wholesaler to make sure your can re-sell the items purchased wholesale.
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You can choose to be a(n) recycled landscaping glass resale :
- Sole Proprietor,
- LLC,
- Corporation or
- Partnership.
After you decide and select your business entity, you need licensing.
Lambert Business Tax Registration (
Business License)
All businesses including home, online or mobile BUSINESS need a BUSINESS license because they are BUSINESSES.
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A(n) recycled landscaping glass resale business using a DBA Doing Business As Trade Name in
Richland County
, i.e., starting businesses using a company name other than the legal (given name) owner's name, need a(n)
DBA Doing Business As Trade Name Registration. Â
For example, you start a(n)
recycled landscaping glass resale
business and you call it "Ultra
recycled landscaping glass resale
Co". You will need to file a trade firm name for it.
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Also, keep in mind that in
MT
though, a business license and a DBA is necessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number.
 (A.K.A state id, wholesale, resale,
reseller certificate, about $39 for most states).
Seller's Permit
Note: All businesses need a federal tax ID number except sole proprietors that are not employers and are not independent contractors.
An independent contractor is a self employed business person that receives more than $600 per year from anyone of his or her clients.
IRS rule: The client must issue a 1099 form to the independent contractor and the independent contractor must have a federal tax ID.
However, even sole owners may obtain a federal ID and use it as a business tax ID instead of using their own social security number as a
business tax ID number.
However, all other licenses that apply to sole proprietors as discussed here are requited regardless of getting
a federal tax ID number.
If you are thinking of hiring help, you will need a state employer ID and an IRS number employer ID.
I.e., a MT Federal Tax Id Number ($29)  and a(n) MT  State Employer Tax Number Â
Instead of filing a fictitious business name DBA Filing (about $49 plus state and legal newspaper publication fees) in
Lambert, Incorporate in MT  or form a(n) MT LLC .Â
If you will set up a corporation or form an LLC, you will not have to file a DBA (Doing Business As) unless your corproration or LLC name will be different that the busienss name you will trade under.
Businesses that use the full legal name of the owner as a business name do not need to register an assumed business name. So, for example, your name is "John X Doe" and you use that as a business name.
If you do form an Retail Trade llc or incorporate (about $49 plus state fees for most states) your recycled landscaping glass resale business instead of just filing a fictitious business name (dba),
it will help you avoid legal and financial personal liability arising out of business transactions and you will not have to register the Lambert business name.
Instead of filing a Richland County fictitious business name (our service fee includes dba business name filing and legal paper publication) you can elect to incorporate in
MT or form an MT LLC (starts @ $49 plus state fee for most states & includes bylaws and LLC operating agreement)..
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