You might be wondering if Oklahoma will recognize your resale certificate if you’re a seller who resides out of the state but wants to sell your goods there. Yes, Oklahoma does accept out-of-state sales certificates, to address your question. Your certificate will, however, only be accepted in the state provided certain requirements are met.
The first need is that your certificate be a legitimate resale certificate from your home state. This means your sales tax identification number must be included and that the document must be issued by the state in which you are authorized to collect sales tax. Your certificate must also adhere to all laws and regulations in the state where you were born. The second requirement is that you must be buying goods to be sold again in your own state. Your out-of-state resale certificate is not valid in Oklahoma if you intend to use the goods for personal or business purposes. The last point is that if you are an out-of-state vendor without a physical presence in Oklahoma, you are exempt from the requirement to collect and return sales tax to the state. You will need to collect and return sales tax on all taxable transactions made in Oklahoma if you do have a physical presence there, such as a shop or warehouse.
Do I Need a Business License in Illinois to Sell on Etsy?
All businesses in Illinois must get a business license from the city or county where they conduct business. This includes online stores like those on Etsy. Depending on the region and type of business, different licenses have different costs and restrictions.
Let’s move on to the licenses required in Illinois to open a business.
In Illinois, a number of licenses and permits must be obtained before opening a business. Depending on the sort of business and where it is located, different licenses and permits may be needed. But some of the most typical licenses and permits needed are as follows:
2. State Tax ID Number: You will require a state tax ID number if you intend to offer products or services in Illinois.
4. Employer Identification Number (EIN): You must obtain an EIN from the IRS if you intend to employ people.
Before opening a business in Illinois, it’s critical to do your homework and acquire all required licenses and permits to avoid penalties and fines.
A sellers permit is necessary if you want to sell taxable items on Shopify. You need a sellers permission, commonly referred to as a sales tax permit or resale certificate, in order to collect sales tax from clients.
It’s crucial to familiarize yourself with local laws and standards before applying for a sales permit because each state has its unique specifications. In rare circumstances, your city or county may also need you to obtain a local sales permit.
Let’s finally talk about why a business license is necessary, even for internet retailers.
You still need a business permit even if you just sell goods or services online. A business permit is important for taxation, zoning restrictions, and other legal requirements in addition to being necessary to legally conduct a business.
In general, getting a business license is a crucial step in launching and operating a profitable online business.