When purchasing goods from a business in the state of Massachusetts, the buyer customarily has to pay a sales tax as part of the total purchase price. There are exceptions to this, however. If a business buys goods from another business on a wholesale basis, the transaction will be exempt from the usual sales tax …
To be exempt from sales tax when buying items for resale, every Vermont seller needs a resale certificate, which is also known as an exemption certificate. A resale certificate states that you intend to resell the items you buy and collect sales tax from customers. Below we will dive more into what a resale certificate …
Buying items in bulk for resale is expensive enough without paying sales tax on the purchase. That’s why a resale certificate is commonly used in these transactions—it gives businesses the right to make these kinds of purchases without being required to pay sales tax. But differing state laws can complicate these transactions. In some cases, …
Out-of-State Resale Certificates: Who Doesn’t Accept Them? Read More »
The state of Colorado requires LLCs to file annual reports with the Secretary of State. In Colorado, annual reports are officially called periodic reports. Your business has to file them to remain in good standing and be legally allowed to operate. What Is a Colorado Annual Report? An annual report is a document submitted yearly …
If you’re opening a Washington DC business where you plan to purchase goods and sell them to customers, a DC resale certificate can help you get more for less. What Is a Resale Certificate? A resale certificate is a legal document that allows business owners to purchase goods—which they will later sell to customers—from suppliers …
Every North Dakota business that buys tangible goods to resell to customers can get a pass to avoid paying sales tax, and it’s completely legal. This pass is called a resale certificate, and it has benefits for both businesses and suppliers. What Is a North Dakota Resale Certificate? A resale certificate is a document that …
When you operate a business in Kentucky where you resell tangible goods and items, obtaining a Kentucky resale certificate can be beneficial. Not all businesses need one, so it is worth your time to learn more about this type of business certificate to determine whether your business could benefit from having one. What is a …
When you are starting a business in New Mexico and intend to sell goods to your customers, obtaining a New Mexico resale certificate can be beneficial. New Mexico is one of the few states that does not have a state sales tax. Instead, businesses register for a Gross Receipts Tax permit. This permit is similar …
Launching a retail business in Colorado could set you on the path to financial prosperity if you know how to take advantage of the many opportunities offered by the Centennial State. Colorado has a wide-ranging local economy, which includes everything from tourism to agriculture, and can boast of the eighth-highest median household income in the …
The Mississippi Department of Revenue requires most businesses to collect sales taxes on various goods and services and remit them to the state. However, certain types of goods and items can be purchased using a Mississippi resale certificate as sales tax exempt, provided your business meets the qualifications for such an exemption.  What Is a …
