Do you intend to launch a retail or service business in Nebraska? If so, a reseller’s permit—also known as a sales tax permit—is required. With the help of this license, you will be able to collect sales tax from your clients and send it to the state government. We’ll walk you through the procedure of obtaining a reseller’s permit in Nebraska in this article.
Step 1: Assess Your Need for a Reseller’s Permit A reseller’s permit is required if you want to sell tangible personal property or taxable services in Nebraska. You do not require a permit, however, if you are engaged in a non-profit activity or selling goods that are not subject to sales tax, such as groceries.
Registration with the Nebraska Department of Revenue is step two. Registering with the Nebraska Department of Revenue is required in order to get a reseller’s permit. By going to the Nebraska Taxation and Revenue Department website, you can register online. To finish your registration, click “Register a New Business” and follow the instructions.
Step 3: Submit Company Information You must enter information about your company during registration, including its name, address, and legal form. Your Social Security number or Federal Employer Identification Number (FEIN) must also be provided.
Pay the registration fee in Step 4
In Nebraska, there is no cost to apply for a reseller’s permit. However, there can be extra costs if you’re applying for other permits or licenses, such a cigarette or alcohol license.
No, a license is not required to wholesale in Nebraska. However, if you intend to sell tangible personal goods or taxable services in the state, you must obtain a reseller’s permit.
Depending on the kind of business entity you select, the cost to register a business in Nebraska varies. A limited liability company (LLC) registration, for instance, costs $105 whereas creating a corporation costs $100. Maintaining your company’s good status also entails continuous costs, such as a $10 yearly report charge for LLCs.
You must give the seller a Nebraska resale or exempt sales certificate when buying things that are intended for resale or that are free from sales tax. Your name and address, your reseller’s permission number, and a list of the things you’re buying must all be entered on the certificate. Additionally, you must date and sign the certificate.
As a result, obtaining a reseller’s permit in Nebraska is a simple procedure that entails registering with the Nebraska Department of Revenue, giving information about your firm, and paying the registration cost. Keep in mind that if you intend to sell tangible personal goods or taxable services in the state, you will require a reseller’s permit. Furthermore, you don’t need a license to wholesale in Nebraska, although there may be recurring costs to maintain your company’s good standing. When buying things that are exempt from sales tax or for resale, remember to complete a Nebraska resale or exempt sales certificate.