Do I Need a Wholesale License in Louisiana?

Do I need a wholesale license in Louisiana?
A permit is required from the Louisiana Office of Alcohol and Tobacco Control according to LA R.S. 26:902. A wholesale dealer needs a permit for each wholesale place of business operated by the wholesale dealer and the wholesale permit fee is $75 per year.
Read more on revenue.louisiana.gov

One of the concerns you may have when starting a wholesale business in Louisiana is if you require a wholesale license. Yes, it is the answer. In Louisiana, a wholesale certificate of registration must be obtained from the Louisiana Department of Revenue. This certificate enables wholesalers to buy products from producers and distributors tax-free, but it does not absolve them of the responsibility of gathering and remitting sales tax on their sales.

Does Louisiana accept out-of-state resale certificates in this regard?

Yes, Louisiana does recognize certificates of out-of-state sales. If you are a wholesaler located outside of Louisiana, your Louisiana vendors will accept your tax-free purchases if you give them a copy of your state’s resale certificate. You must register with the Louisiana Department of Revenue and collect and remit sales tax on all sales you make in Louisiana if you intend to do so.

How much does a tax ID number cost in Louisiana as a result?

The Internal Revenue Service (IRS) offers free tax ID numbers, often known as employer identification numbers (EINs). However, there is a $25 registration charge to register for a Louisiana Revenue Account Number if you need to get a Louisiana state tax ID number.

How can I obtain a Louisiana tax identification number?

You must register online through the Louisiana Department of Revenue’s website in order to get a Louisiana Revenue Account Number. Your company’s name, address, kind of business, and federal tax ID number must be provided, among other details. Your Louisiana Revenue Account Number, which you’ll use to collect and send sales tax, will be sent to you once you’ve registered.

In light of this, are I required to open a sales tax account in Louisiana?

Yes, you must open a sales tax account with the Louisiana Department of Revenue if you intend to conduct business in Louisiana. Through the department’s website, you can register online, or you can submit a paper application. Your Louisiana Revenue Account Number, which you’ll use to collect and send sales tax, will be sent to you once you’ve registered.

In conclusion, if you want to start a wholesale business in Louisiana, you must apply for a Louisiana Revenue Account Number and a Wholesale Certificate of Registration in order to collect and remit sales tax. Wholesalers are still required to register with the Louisiana Department of Revenue in order to conduct business in the state, even though out-of-state resale certificates are accepted. The IRS does not charge anything for tax ID numbers, but registering for a Louisiana Revenue Account Number costs $25.

FAQ
Accordingly, do i need a business license in louisiana?

Yes, in order to legally operate your business in Louisiana, you normally need a business license. Depending on your company’s structure, location, and industry, there may be differences in the precise requirements and procedure for acquiring a business license. The easiest way to find out the precise criteria for your particular business is to contact the Louisiana Secretary of State’s office or your local government.