How Do You Obtain A Retail License?
A resale license allows businesses to purchase inventory to be resold without paying taxes on the purchase. The taxes are then collected from the business’ customers in the form of sales tax. The business then pays the sales tax to their county, city or state, depending on location. Each state’s Department of Revenue issues resale licenses to businesses or individuals operating as a sole proprietorship. The fees associated with obtaining a resale license vary by state, but are typically less than $100 and in some states are subject to annual renewal fees. Prior to obtaining a resale license, the business must have an IRS issued employer identification number, referred to as an EIN (see Resources section below for more information). Go to a local branch of your state’s Department of Revenue. If your state does not have a Department of Revenue, the licenses will be often be issued by the State Comptroller. To find the nearest location, visit your state government’s website and select Dep
