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resale
Q: Hi, I am interested and will Apply For Resellers License tax ID from your site for Indianapolis, Hamilton county, IN for my reseller business called "No profit till you resell," that is is a home and online business but I don't have a store location yet. What do i do?
A: Hello, Amy, a reseller's license is called a seller's permit. Also, note that "No profit till you resell," is an assumed business name and you need to register it with a doing business as DBA business name registration. In addition, you will need a seller's permit.
All Resale businesses must be identified either with a federal tax ID or the ss# of the owner if sole proprietorship. All other Resale business entities, such as LLC, Corp, Partnerships, need a federal tax ID number. In addition, if the Resale business sells any merchandise, that it most likely does because what does it resell, anyway, whether wholesale or retail or if it leases equipment, it will need a sales tax ID number. Furthermore, Resale employers will need both a federal EIN, and a State EIN. Finally, if the business uses a trade name, the name must be registered with an assumed business name certificate also called a DBA doing business as. Note that since you have to select a Resale business structure, if you select to be an LLC or corporation you will not need to file an assumed business name. |
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