What Is a Georgia Wholesale License?
You may have heard a Georgia wholesale license called by early names, including :
- Georgia Seller’s Permit
- Georgia Reseller License
- Georgia Sales and Use Tax Permit
- Georgia Resale Certificate
- Georgia Sales Permit
- Georgia Wholesalers Permit
No count what you call it, there is entirely one type of allow in Georgia.
Who Needs a Georgia Wholesale License?
little businesses, lone proprietorships, partnerships, LLCs ( limited indebtedness companies ), and corporations that want to buy and sell real goods or personal property ; or businesses which lease or rent goods or personal property or that sell taxable services require a seller ’ s license in Georgia .
It does not matter whether the business buy and sells wholesale or retail. When buying wholesale, the commercial enterprise can avoid paying sales taxes on the goods. Businesses selling at wholesale can waive sales taxes when the clientele provides their seller ’ s license ID issue .
Businesses buying at retail can deduct the sales tax paid for goods they intend to resell. When businesses sell at retail, their seller ’ south let ID is used for collecting and paying sales taxes to the state of Georgia .
Is a Seller’s Permit the Same as a Business Permit?
A seller ’ sulfur allow is not the same thing as a business permit or business license. Before obtaining a seller ’ s allow, businesses must register their commercial enterprise with the appropriate state of matter and federal government agencies .
At the federal floor, you will need to obtain your EIN ( Employer ID Number ), which is the equivalent of a social security number but used for business purposes and filing your commercial enterprise income tax render .
At the state flush, you must submit a business license application to register the list of your business. The name could be the actual business name or a DBA ( Doing Business As ) .
Benefits of a Georgia Wholesale License
One of the elementary benefits of obtaining a seller ’ sulfur let is it allows you to buy goods from Georgia wholesalers without having to pay sales taxes, including city, county, and state sales taxes .
For example, you want to buy 1,000 gadgets from a jobber to resell to your customers. The gadgets cost $ 2 each at wholesale prices. You would pay the jobber $ 2,000 and not have to worry about paying sales tax equally long as you had your seller ’ sulfur allow. When you sell the widgets to your customers, you collect the sales taxes and pay those to the express .
While most wholesalers will verify your resale certificate ID count and waive sales taxes, not all will do sol. If you had to pay sales taxes on the 1,000 gadgets you bought at wholesale pricing, you are able to deduct the taxes paid when paying sales taxes to the state .
How Long Is a Georgia Wholesale License Good For?
Georgia does not require businesses to have to renew their seller ’ mho permits. They are valid for the life of your occupation .
How to Get Your Georgia Wholesale License Easily
The state of Georgia does not charge a tip to get your wholesale license, yet the application march can be confusing and complicated. If you make mistakes, errors, or omissions on the application shape, it can lead to delays, refiling forms, and other problems that will prevent you from conducting business in Georgia .
The easiest and fastest way to get your seller ’ second let is to use FastFilings and these three simple steps :
Step #1: Gather Your Information
You will need to have all relevant business information available, including your EIN, bank report data, personal references, e-mail address, and business permit ID act .
Step #2: Fill Out the Online Application
Fill out the dependable on-line application form and provide the necessitate information. We will take care of filling out the official application with the state of Georgia on your behalf. We will contact you if we require extra information to ensure your state of matter application is accurate and adjust .
Step #3: Get Your Seller’s Permit
We will send you a telling once your application has been processed. Since we deal directly with the Georgia tax center, we could have your seller ’ south permit within a few hours and, typically, no longer than a day or two.
ready to get your sweeping license in Georgia ? Fill out our on-line application at FastFilings today ! If you have far questions or require extra aid, do not hesitate to contact us directly .