A resale certificate, often called a resale license or a sales tax exemption certificate, is a form that enables companies to buy products for resale without having to pay sales tax. Businesses in West Virginia that buy goods to resell are free from paying sales tax if they have a resale certificate from the State Tax Department.
Businesses in West Virginia must first register with the State Tax Department by filling out a Business Registration Form in order to receive a resale certificate. This form is available on the website of the West Virginia State Tax agency or by mail by contacting the agency directly.
After registering, businesses can fill out and submit a Sales and Use Tax Exemption Certificate to request a resale certificate. The legal business name, address, and tax identification number of the company must all be included on this form. The paperwork must also detail the kinds of goods the company plans to buy for resale.
The West Virginia State Tax Department will grant the company a resale certificate following approval. In order to avoid paying sales tax, this certificate must be shown to sellers when acquiring goods for resale.
Businesses in West Virginia may additionally require a farm tax exempt number if they are involved in agriculture or horticulture in addition to a resale certificate. Businesses must present documentation of their agricultural or horticultural activity, such as a farm registration certificate or a copy of their federal Schedule F, in order to get a farm tax exempt number.
To lawfully carry out construction work, contractors in West Virginia can additionally need to get a contractor’s license. Any organization or person engaged in the construction industry in the state, including general contractors, subcontractors, and specialized contractors, must hold a contractor’s license.
The last sort of corporate entity is a sole proprietorship, in which the owner is accountable for all facets of the company, including obligations and debts. Sole entrepreneurs are permitted to employ staff, but they are entirely responsible for any resulting legal or financial problems.
Finally, it should be noted that acquiring a resale license in West Virginia is a rather simple procedure that necessitates business registration with the State Tax Department and completion of a Sales and Use Tax Exemption license. Construction and agricultural industries could also require additional licenses or certificates. Knowing the specifications for these documents can help firms run lawfully and save exorbitant fines.
You must submit an Articles of Amendment form to the West Virginia Secretary of State’s office in order to alter your company name there. The West Virginia One Stop Business Portal offers online access to and submission of this form. You must fill out the form with your present business name, your proposed new business name, and any additional pertinent information. The cost of submitting this form will depend on the kind of company entity you have and might range. Your company name will be altered in the state records once the Articles of Amendment form has been processed and approved.