Sioux Falls, SD
Laptop glowing at the kitchen table, a stack of padded mailers, and the happy ping of a new order arriving.
Short answer: States That Require Wholesale Retail License: South Dakota doesn't issue a document called a "wholesale license." The registration suppliers ask for is the Sales Tax License, backed by a Streamlined Sales and Use Tax Certificate of Exemption.
The South Dakota version of the seller's permit is the Sales Tax License. When you buy inventory to resell, the paperwork is a Streamlined 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. South Dakota taxes many services as well as goods, so service-heavy wholesalers should check what they sell. Online sellers buy inventory from suppliers without paying sales tax by handing over a resale certificate, since the goods will be resold to customers.
Tip: Keep a spreadsheet of every supplier's resale paperwork from day one; future you, in tax season, will send a thank-you note.
Industry code: NAICS 453998 (All Other Miscellaneous Store Retailers (except Tobacco Stores)), 459999 under the 2022 update
Get your Sales Tax License filed · Start your LLC, DBA and EIN · Business licenses
Joseph · Frazier Direct · Las Vegas, NV
Joseph wrote: “At Frazier Direct we are an online retail business offering a wide variety of products. We ship to all 50 states from our location in sunny Las Vegas, NV.”
Hi Joseph, Nevada's seller's permit is the one that matters for an online retailer shipping from Las Vegas. Suppliers will take Nevada's resale certificate, which requires the buyer to hold a seller's permit, for tax-free inventory. Shipping to all 50 states means other states' sales thresholds may apply to you, so watch your numbers by state. Nevada has no state income tax on wages, so employer registration there is for unemployment insurance.
Short answer: For an online retail business in Las Vegas, Nevada, the essentials are the seller's permit, a federal tax ID number (EIN) and a local business license, plus an LLC or other structure.
Nevada calls its seller's permit the seller's permit. Suppliers selling to you tax-free will ask for a Nevada resale certificate (buyer must hold a seller's permit). Nevada requires businesses selling tangible goods in the state to register, and a seller's permit is a prerequisite for issuing resale certificates. Nevada also has a Commerce Tax on businesses with large Nevada gross revenue, which can reach wholesalers.
Industry code: NAICS 459999 (All Other Miscellaneous Retailers), 454110 under the 2017 codes
Get your seller's permit filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Sioux Falls Business License & a Trade Business Name ( Lincoln 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 SD 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 SD Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in SD or form a(n) SD LLC & You Will Not Need To File A DBA
Requirements below include websites as well as home-based or eBay Businesses.
1. ecommerce 99% of new businesses are required to get a(n), Sioux Falls business Id registration ( business tax registration or business permit).
2. ecommerce Starting businesses using a company name other than the legal owner's name need a (n) Lincoln County DBA Doing Business As Trade Firm Name Registration.
3. In SD 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 SDseller'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 SD Federal Tax ID Number and a(n) SD State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Sioux Falls, Incorporate in SD or form a(n) LLC.