Jack · Bud Ready LLC · Henrico, VA
Jack wrote: “Bud Ready LLC sells sporting goods and electronics in several internet venues.”
Hi Jack, an LLC selling sporting goods and electronics online in Virginia needs the Sales and Use Tax Certificate of Registration, registered under Bud Ready LLC's exact name. Suppliers will ask for your Form ST-10 Sales and Use Tax Certificate of Exemption and the permit number before selling tax-free for resale. Selling through several online venues means you track sales by state, since you may owe tax elsewhere after you pass those states' thresholds. No DBA is needed if you use the LLC name exactly.
Short answer: Virginia Wholesale License Seller's Permit: 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. Suppliers selling to you tax-free will ask for 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 451110 (Sporting Goods Stores), 459110 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 Henrico Business License & a Trade Business Name ( Chesterfield 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
List of required licenses below include online as well as home or Amazon businesses.
1. Online Sales The majority of starting businesses need a(n) , Henrico business tax id registration (business license).
2. Online Sales Businesses with an trade firm name other than the owner's legal name are required to get a(n) Chesterfield County DBA ( doing business as ) fictitious business name.
3. In VA you may also need a sales tax ID AKA seller's permit if you sell merchandise that is taxable. ( 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 Henrico, Incorporate in VA or form a(n) LLC.