Blacksburg, VA
The owner asked: “I will buy merchandise wholesale and sell from home.”
Buying wholesale and selling from home works well once you have the Sales and Use Tax Certificate of Registration. Your suppliers will ask for the Form ST-10 Sales and Use Tax Certificate of Exemption and your permit number to sell tax-free. Tell us what products you plan to sell, since certain categories need extra licenses, and let us know whether you sell in person, at markets or online.
Short answer: Purchase Wholesale Products: the key filing in Virginia is the Sales and Use Tax Certificate of Registration. Suppliers will ask for its number and a Form ST-10 Sales and Use Tax Certificate of Exemption before they sell to you tax-free.
In Virginia, the seller's permit goes by the name Sales and Use Tax Certificate of Registration. When you buy inventory to resell, the paperwork is a Form ST-10 Sales and Use Tax 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. In-state buyers using Form ST-10 generally need a Virginia registration; out-of-state buyers can cite their home-state number. Out-of-state buyers do not need a Virginia registration to give a valid Virginia resale certificate.
Industry code: NAICS 452319 (All Other General Merchandise Stores), 455219 under the 2022 update
Get your Sales and Use Tax Certificate of Registration filed · Start your LLC, DBA and EIN · Business licenses
Simpsonville, SC
Packing tape squealing, parcels stacked by size, and a phone that buzzes with another sale.
Short answer: Buy And Sell On Internet: an online sales business in Simpsonville typically needs the Retail License, a federal tax ID number (EIN) and a local business license, with an LLC and a DBA if you use a trade name.
South Carolina calls its seller's permit the Retail License. To buy for resale without paying sales tax, you give the supplier 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. Wholesale accounts for goods for online resale typically ask for proof of a seller's permit first; with it, inventory bought for resale is purchased without sales tax.
Tip: Know how each marketplace handles sales tax; some collect it for you and some leave that to you.
Industry code: NAICS 455219 (All Other General Merchandise Retailers)
Get your Retail License filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Blacksburg Business License & a Trade Business Name ( Montgomery 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 VA 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 VA Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in VA or form a(n) VA LLC & You Will Not Need To File A DBA
The licenses below are required for all businesses including internet as well as home and businesses like Etsy etc.
1. Online Sales Nearly all businesses need a(n) , Blacksburg business tax registration.
2. Online Sales All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) Montgomery County DBA assumed business name certificate.
3. In VA you may also need a tax id called a resale tax ID or seller's license if you are selling touchable items. ( A.K.A VAseller'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 VA Federal Tax ID Number and a(n) VA State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Blacksburg, Incorporate in VA or form a(n) LLC.