People can purchase and sell one-of-a-kind, handmade, and vintage things on Etsy, an online market. You might be wondering if you require a business license if you intend to sell on Etsy in Kentucky. The answer is that it depends on your business’s type.
As long as you are not operating your business under a name other than your own legal name, you might not require a business license if you are selling goods that you manufactured yourself. However, you will require a Kentucky reseller’s licence if you are purchasing things in bulk and reselling them.
You can submit an online application for a reseller’s permit on the website of the Kentucky Department of Revenue. There is no application fee, and the application process is simple. Once you have a reseller’s permit, you are able to make wholesale purchases from suppliers devoid of paying sales tax.
Food and prescription drugs are a few products that are free from the sales tax in Kentucky. However, you must gather and send sales tax to the Kentucky Department of Revenue if you are selling taxable things like apparel or jewelry.
If you want to launch a business in Kentucky, you must register it with the government. Through the Kentucky One Stop Business Portal, you can electronically register your business. Depending on the type of business you are launching, the registration procedure will change. For instance, you must register your business name with the county clerk’s office in the county where your business is located if you are launching a sole proprietorship.
It’s important to do your homework and make a thoughtful plan before opening your own business in Kentucky. Considerations like your target market, the competition, and initial costs are important. To be sure you are abiding by all the laws and regulations, you might also wish to consult with a business attorney or accountant.
In conclusion, it depends on the nature of your business whether you need a business license to sell on Etsy in Kentucky. A reseller’s permit is required if you are purchasing things in bulk and selling them. Additionally, you might have to gather and send sales tax to the Kentucky Department of Revenue. You must register your company with the state if you are opening your own firm. Before starting your own business in Kentucky, it is crucial to conduct thorough study and planning.