The type of business you are running and where it is located will determine how much a Wyoming business license will cost. In Cheyenne, for instance, a regular business license is $50 whereas a home occupation permit is $200. You could be required to pay additional fees for each location of your business in addition to the license charge.
If you intend to resell the items you purchase, a resale certificate is a form that enables you to do so tax-free. You must submit an application for a seller’s permit to the Department of Revenue in Wyoming in order to obtain a resale certificate. A resale certificate can be obtained after you have received your seller’s permit. The certificate must be renewed before it expires as it is only good for three years. Do Wyoming Resale Certificates Accept Certificates from Other States?
Yes, Wyoming does accept certificates for out-of-state resales. But you need to have a current seller’s license or exemption document from your home state. Wyoming requires you to pay sales tax on your purchases if you don’t have a valid license or certification.
In Wyoming, the sales tax is 4%. There are, however, extra local taxes that differ by county and city. For instance, Cheyenne has a 6% overall sales tax rate. It’s crucial to be aware that several things, including groceries, prescription medications, and specific medical equipment, are exempt from Wyoming’s sales tax.
In conclusion, you must obtain a seller’s permit from the Department of Revenue if you want to sell tangible personal property or taxable services in Wyoming. Depending on the sort of business and the area, different business licenses have different prices. You must first submit a seller’s permit application in order to obtain a resale certificate. Out-of-state resale certificates are accepted in Wyoming, but you need to have a valid permit or certificate from your home state. In Wyoming, there is a 4% sales tax, but there are also additional local taxes.
You can get in touch with the Wyoming Department of Revenue to verify a resale certificate there by giving them the certificate number and the name of the company that provided it. They will be able to verify the certificate’s authenticity and give you any information you require.