How to Obtain a Reseller’s Permit in Mississippi

A reseller’s permit, often referred to as a seller’s permit or a wholesale license, is a legal document given by the state of Mississippi that enables companies to buy items at wholesale prices without having to pay sales tax. You must first obtain a reseller’s permit if you intend to sell goods in Mississippi.

Businesses can purchase goods at wholesale costs without paying sales tax with the use of a seller’s permit. Additionally, while selling items in Mississippi, this permit is necessary. It enables companies to gather sales tax from clients and send it to the state.

Depending on the kind of business and the goods offered, a wholesale license in Mississippi can cost anywhere from $100 to $500. A reseller’s permit costs $50 to apply for, and it needs to be renewed yearly. Depending on the nature of the business, additional fees can be required. Is a Resale Certificate Required in Mississippi?

Yes, businesses in Mississippi must get a resale certificate in order to buy items to resell without having to pay sales tax. A resale certificate is a piece of documentation that demonstrates the company is buying products for resale and not for private use. Without having to pay sales tax, it enables the company to purchase goods at wholesale costs. How Can I Obtain a Certificate of Resale?

Businesses must complete and submit Form 72-600 to the Mississippi Department of Revenue in order to get a resale certificate there. The form requests details including the name and address of the firm, the type of business, and the kinds of items being sold. Following approval of the application, the company will be given a resale certificate that it can show suppliers when buying products for resale.

In conclusion, businesses who want to sell products in Mississippi must first obtain a reseller’s permit. Businesses can buy items at wholesale prices without paying sales tax and charge sales tax to customers when selling goods if the application procedure is successfully completed and a resale certificate is obtained. The procedure could take some time and money, but it is necessary for companies that wish to run effectively and lawfully in Mississippi.