You must apply for a resale certificate if you want to start a business in Indiana that involves selling items. With the use of a resale certificate, sometimes called a sales tax exemption certificate, you can purchase items to resell without having to pay sales tax. Here is the procedure for requesting an Indiana resale certificate.
Step 1: Obtain a Tax Identification Number The Indiana Department of Revenue must issue you a tax ID number before you can apply for a resale certificate there. Applying for a tax ID number is possible online or by mail. The following step can be taken once you obtain your tax identification number.
Step 2: Complete the Application The Application for Sales Tax Exemption Certificate (Form ST-105) must then be completed. You can request a paper copy of the form by mail or download it from the website of the Indiana Department of Revenue. Basic information about your company is requested on the form, including your tax ID number, company name, address, and type of business.
Step 3: Send in Your Application The Indiana Department of Revenue can receive the form once it has been completed. The form can be submitted in person at a Department of Revenue office, via mail, or online. If you fill out the form online, your resale certificate will be sent to you right away. Your certificate might not arrive right away whether you mail it in or deliver it in person.
In Indiana, how much does it cost to register a nonprofit? You must submit articles of incorporation to the Indiana Secretary of State if you want to form a nonprofit in Indiana. Articles of incorporation require a $50 filing fee. How Many Board Members Are Needed for an Indiana Nonprofit?
Articles of incorporation must be submitted to the Indiana Secretary of State in order to establish a nonprofit corporation in Indiana. The name of the corporation, its mission, the name and address of the registered agent, as well as the names and addresses of the original board of directors, must all be listed in the articles of incorporation. Additionally, the corporation cannot be set up for the advantage of any one person or group of people and must have a tax-exempt purpose.
A charitable organization that qualifies for section 501(c)(3) of the Internal Revenue Code exemption from federal income tax is known as a 501(c)(3) organization. An organization must be founded and run exclusively for charitable, educational, religious, or scientific purposes in order to be eligible for tax-exempt status under section 501(c)(3). The group is also prohibited from taking part in political campaigns or influencing them.