Hopkins, SC
Rows of polished cars glinting on a lot, a clipboard of stock numbers and a test drive pulling out onto the road.
Short answer: Obtain Wholesale License In South Carolina: the key filing in South Carolina is the Retail License. Suppliers will ask for its number and a Form ST-8A Resale Certificate before they sell to you tax-free.
The South Carolina version of the seller's permit is the Retail License. When you buy inventory to resell, the paperwork is 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. A resale certificate covers purchases of vehicles meant for resale, and wholesale buyers must show theirs so the business can skip tax on sales to them.
Tip: A dealer license normally comes with bond, lot and inspection requirements, so see what your state asks before you sign a lease.
Industry code: NAICS 441120 (Used Car Dealers)
Get your Retail License filed · Start your LLC, DBA and EIN · Business licenses
Saint Paul, MN
The owner asked: “Buy and sell auto.”
Buying and selling cars in Saint Paul usually needs a state dealer license, which has requirements for a location and a bond, along with Minnesota's Sales and Use Tax Permit. Form ST3, the Certificate of Exemption, is used when buying vehicles for resale from dealers and auctions. Selling a few of your own cars is different from running a dealership, so tell us the volume you plan and we can help sort it out.
Short answer: Saint Paul: for an auto buying and selling business in Saint Paul, Minnesota, the core set is the Sales and Use Tax Permit, a federal tax ID number (EIN) and a local business license, plus a business structure and name registration.
The Minnesota version of the seller's permit is the Sales and Use Tax Permit. Suppliers selling to you tax-free will ask for 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.
Get your Sales and Use Tax Permit filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Hopkins Business License & a Trade Business Name ( Richland 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
Requirements below include websites as well as home-based or eBay Businesses.
1. Automobile 99% of new businesses are required to get a(n), Hopkins business Id registration ( business tax registration or business permit).
2. Automobile Starting businesses using a company name other than the legal owner's name need a (n) Richland County DBA Doing Business As Trade Firm Name Registration.
3. In SC a business tax ID registration (occupationall business license ) and a DBA Doing Business As Fictious Business Name are ncessary for most businesses but if your business sells any taxable items, you will need a sales tax ID number. ( A.K.A SCseller's permit, state id, wholesale, resale, reseller certificate).
4. If you are thinking of hiring help, you will need a tax ID called a state EIN and an IRS tax ID number called an EIN Employer ID Number. 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 Hopkins, Incorporate in SC or form a(n) LLC.