How Much Is a Resellers License in Illinois?

A reseller’s license is formally referred to as a resale permit or resale certificate in Illinois. With the help of this document, businesses are able to buy goods or supplies without having to pay sales tax, which they may subsequently sell to customers and charge sales tax on. Depending on the county in which you conduct business, a resale permit in Illinois is more or less expensive to get.

The cost of a resale permit in Cook County, Illinois’s most populous county, is $16. The cost is $25 in other counties including DuPage and Kane. Nevertheless, certain counties may impose fees as low as $5 or as high as $100. To find out the precise cost of acquiring a resale permit, it is crucial to contact your local county or city administration.

You must first register your firm with the Illinois Department of Revenue (IDOR) in order to be granted a resale permit in Illinois. The MyTax Illinois website offers both online and paper registration options. Once your business has been registered, you can apply for a resale permit by filling out Form ST-556, Sales Tax Transaction Return, and sending it to the IDOR.

To sell online in Illinois, you might additionally require a business license in addition to a resale authorization. The need for a business license, however, differs based on the kind of business you run and the city or county where it is located. For instance, Chicago mandates that all enterprises obtain a business license, although other localities could not. It is best to check with your local government to see if your particular business requires a business license.

There are several limitations on the acceptance of out-of-state resale certificates in Illinois. The buyer must be acquiring the item for resale outside of Illinois, and the out-of-state certificate must be valid and comparable to the Illinois resale certificate. In order to avoid paying sales tax on purchases made by Illinois businesses from out-of-state sellers, you might be required to show the vendor your resale certificate.

In conclusion, although the fee varies by county in Illinois, getting a resale permit is typically reasonable. You must first register your business with the IDOR in order to receive a resale permission, after which you must complete Form ST-556. Depending on the kind of business you run and the city or county where you do it, you could additionally need a business license. Finally, there are requirements that must be completed in order for Illinois to accept out-of-state resale certificates. Make sure you are in compliance with all rules pertaining to resale permits and licenses by checking with your local authorities.