Sherrie · Santa Fe, NM
Sherrie shared: “To sell online collectable items and supplies, Santa Fe, New Mexico.”
Hi Sherrie, New Mexico doesn't use a regular sales tax, but its Gross Receipts Tax registration (CRS ID) is the number you need. Suppliers will take a Nontaxable Transaction Certificate (NTTC) for items bought for resale, which is the reason to get a resale or reseller's license. You asked why get one: it lets you buy collectibles tax-free and keeps you in line when you sell. Collectibles also need clear records.
Short answer: In Santa Fe, New Mexico, businesses are required to obtain licensing before they start operating. For an online collectibles business, that means the Gross Receipts Tax registration (CRS ID), a federal tax ID number (EIN) and a local business license, plus a structure and name registration.
The New Mexico version of the seller's permit is the Gross Receipts Tax registration (CRS ID). Suppliers selling to you tax-free will ask for a Nontaxable Transaction Certificate (NTTC), Type 2 for resale. New Mexico taxes sellers' gross receipts, and resellers must register and obtain a tax ID before receiving NTTCs; other states' resale certificates are not accepted. New Mexico uses NTTCs instead of resale certificates, sorted by type, and buyers obtain them online after registering.
Industry code: NAICS 453998 (All Other Miscellaneous Store Retailers (except Tobacco Stores)), 459999 under the 2022 update
Get your Gross Receipts Tax registration (CRS ID) filed · Start your LLC, DBA and EIN · Business licenses
Croce · Morton, PA
The owner wrote: “Sell online.”
Selling online from Pennsylvania generally needs the Sales, Use and Hotel Occupancy Tax License for taxable goods. Wholesale suppliers accept the Form REV-1220 Pennsylvania Exemption Certificate when you buy items to resell. Sales into other states can bring sales tax duties once you pass thresholds. Tell us what you sell and we can tighten up the rest of the setup.
Short answer: Selling Online Living In PA: start with the structure (an LLC for most owners), then the Sales, Use and Hotel Occupancy Tax License, a federal tax ID number (EIN) and a local business license.
Pennsylvania calls its seller's permit the Sales, Use and Hotel Occupancy Tax License. To buy for resale without paying sales tax, you give the supplier a Form REV-1220 Pennsylvania Exemption Certificate. Not a sales tax license. A business selling only to resellers applies for a wholesaler certificate instead; it cannot hold both. Pennsylvania issues a separate wholesaler certificate to businesses that sell only for resale; any retail selling requires the sales tax license instead.
Industry code: NAICS 459999 (All Other Miscellaneous Retailers)
Get your Sales, Use and Hotel Occupancy Tax License filed · Start your LLC, DBA and EIN · Business licenses
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All Businesses Need a Santa Fe Business License & a Trade Business Name ( 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 NM 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 Business Tax ID but also need a Business License.
Instead of filing a Trade Business Name, You Can Incorporate in NM or form a(n) LLC & You Will Not Need To File A DBA
Requirements below include websites as well as home-based or eBay Businesses.
1. Selling Online 99% of new businesses are required to get a(n), Santa Fe business Id registration ( business tax registration or business permit).
2. Selling Online Starting businesses using a company name other than the legal owner's name need a (n) DBA Doing Business As Trade Firm Name Registration.
3. In 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 NMseller'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 Federal Tax ID Number and a(n) State Employer Tax Number.
5. Instead of filing a fictitious business name DBA Filing in Santa Fe, Incorporate in or form a(n) LLC.