resale or retail license

What is a retail license?

A retail license is the permit you need to operate a business in the location where you offer goods or services on a regular basis. The license may be referred to as a resale, business, or vendor's license. Fees for a retail license vary by business location and the type of license your business requires for operation.

How do you get a retail license?

Register your business with your state's Secretary of State office either in a field office near or in your local town, the headquarters office in your state’s capital city, or on the department website to get a sales tax license and number. Establish an Employer Identification Number at IRS.gov so you can hire employees and set up a checking account.

What is a sales tax license?

There are two reasons you need a certificate of resale (in other states, this may be called a "seller's permit" or a "certificate of authority"). First, any home-based business selling taxable goods and services must pay sales taxes on what it sells. The definition of a taxable service varies from state to state. Depending on each state, both the parts and labor portions of your revenue may be taxable.

Sales taxes vary by state and are imposed at the retail level. It's important to know the rules in the state and location where you operate your business because if you're a retailer, you must collect state sales tax on each sale you make.

Before you open your doors, be sure to register to collect sales tax by applying for each place of business you have in the state. A license or permit is important because in some states it's a criminal offense to undertake sales without one.

What is the difference in resale and retail?

Retailers sell the manufactured product to the end-users, while re-sellers sell the sold products back to any respective authority in a trade cycle. A retailer is a 'business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sells their goods to another business'.

Is retail and sales the same thing?

Retail refers to selling consumer goods while sales is more general. You can sell wholesale, retail, business to business, services, influence, etc. Retail specifically refers to selling consumer goods while sales, being more general, can include retail, business to business, services, and wholesale.