Charles · Summerville, SC
Charles asked: “I am an aspiring entrepreneur attempting to start a wholesale dealership business to purchase vehicles and sell them for profit.”
Hi Charles, buying and selling vehicles for profit generally requires a dealer license, and wholesale dealers often have their own class with a bond and a location requirement. The Retail License in South Carolina and the Form ST-8A Resale Certificate are the sales tax side, though vehicle sales are often taxed at titling. An LLC and EIN are the usual start, and we can file those.
Short answer: Get SC Wholesale License: South Carolina doesn't issue a document called a "wholesale license." The registration suppliers ask for is the Retail License, backed by a Form ST-8A Resale Certificate.
In South Carolina, the seller's permit goes by the name Retail License. Suppliers selling to you tax-free will ask for a Form ST-8A Resale Certificate. A retail license is required for retail sellers; a business making only wholesale sales may not need one. South Carolina also accepts the multistate uniform certificate in place of its ST-8A form if it contains the same information.
Industry code: NAICS 441120 (Used Car Dealers)
Get your Retail License filed · Start your LLC, DBA and EIN · Business licenses
Joshua · Joshua · Duluth, MN
Joshua shared: “Retail trade business, online and offline. I will buy clothing and accessories at wholesale and sell on the internet and/or in person to customers in Minnesota or all 50 states from my home office.”
Hi Joshua, selling clothing and accessories online and in person from home requires Minnesota's Sales and Use Tax Permit. Wholesalers will accept Form ST3, the Certificate of Exemption, with your permit number for tax-free inventory. Clothing is generally not taxed in Minnesota, but the permit still matters for suppliers and for taxable accessories. Selling into all 50 states means watching other states' thresholds as you grow.
Short answer: Duluth MN: a clothing and accessories reseller in Duluth typically needs the Sales and Use Tax Permit, a federal tax ID number (EIN) and a local business license, with an LLC and a DBA if you use a trade name.
Minnesota calls its seller's permit the Sales and Use Tax Permit. When you buy inventory to resell, the paperwork is a Form ST3 Certificate of Exemption. Suppliers generally accept a resale certificate only from a buyer registered for sales tax, so even a business that mostly buys and sells wholesale usually registers. Minnesota is a Streamlined Sales Tax member state; its ST3 form covers resale purchases.
Industry code: NAICS 448140 (Family Clothing Stores), 458110 under the 2022 update
Get your Sales and Use Tax Permit filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Summerville Business License & a Trade Business Name ( Dorchester County Trade Business Name required if using a trade name).
Retailers / Wholesalers, Need a Reseller Tax ID, & a Business License.
Employers Need a Federal Tax Id Number (EIN), a SC State Tax Id ( State EIN), & a Business License.
Corporations, & LLC Need a Federal Tax Id Number (EIN)& a Business License.
Partnerships Need a Federal Tax Id Number (EIN) & a Trade Business Name, but also need a Business License.
Sole Proprietors May Use a Federal Tax Id Number as a SC Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in SC or form a(n) SC LLC & You Will Not Need To File A DBA
List of required licenses below include online as well as home or Amazon businesses.
1. CAR DEALER The majority of starting businesses need a(n) , Summerville business tax registration.
2. CAR DEALER Businesses with an trade firm name other than the owner's legal name are required to get a(n) Dorchester County DBA assumed business name certificate.
3. In SC you may also need a sales tax ID AKA seller's permit if you sell merchandise that is taxable. ( A.K.A SCseller's permit, state id, wholesale, resale, reseller certificate).
4. You will need a federal and a state EIN if you will hire employees. I.e., a SC Federal Tax ID Number and a(n) SC State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Summerville, Incorporate in SC or form a(n) LLC.