Yes, a business license is required if you are selling on Etsy as a business in South Carolina. Etsy is regarded as a marketplace facilitator, which means that in some states, including South Carolina, they are in charge of collecting and remitting sales tax on behalf of merchants. This does not, however, excuse vendors from acquiring a state-issued business license.
If you intend to sell physical things in South Carolina, you must obtain a sellers permit, sometimes referred to as a sales tax permit. A sellers permit is free to get, but you will also need to register with the South Carolina Department of Revenue, collect sales tax from customers, and pass that tax on to the state. How much does a wholesale license cost in South Carolina? A resale certificate or tax exempt certificate are other names for a wholesale license. As long as you are reselling the products and collecting sales tax from your consumers, it enables you to buy products from suppliers without having to pay sales tax. In South Carolina, obtaining a wholesale license is free, but you must submit an application via the state department of revenue.
You must first obtain a business license and a sales permit in South Carolina before applying for a wholesale license. Once you have those, you can contact the South Carolina Department of Revenue to get a wholesale license. You must submit information about your firm, your tax ID number, and the products you intend to sell.
In conclusion, a company license and a sales permit are required if you intend to conduct internet commerce in South Carolina. You could also need a wholesale license if you want to buy products to sell elsewhere. To avoid any legal problems or penalties, it is crucial to abide by all local, state, and federal laws and regulations.
You can submit an application by phone, fax, mail, or online through the IRS website to obtain an EIN number in South Carolina. On the IRS website, you may discover additional details and thorough instructions.