How to Obtain a Resale License in Virginia

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How do I get a resale license in Virginia?
Log into your business online services account or fill out the retail sales and use section on Form R-1. When you complete your registration, you’ll receive your 15-digit sales tax account number and your Sales Tax Certificate of Registration (Form ST-4). Be sure to save both.
Read more on www.tax.virginia.gov

A resale license, commonly known as a sales tax permit, is certainly required if you intend to launch a firm in Virginia that sells tangible products. You are able to collect sales tax from clients and submit it to the state thanks to this permit. This article will walk you through the process of getting a resale license in Virginia.

Determine Your Business Structure in Step 1

Your business structure must be chosen before you can submit an application for a resale license. This could be a corporation, LLC, partnership, or sole proprietorship. The correct structure must be chosen for your organization because each has specific needs and tax ramifications.

Step 2: File a Business Registration Form with the Virginia State Corporation Commission

You must register your company with the Virginia State Corporation Commission after deciding on a business structure. You can do this via mail or online. You’ll have to give details like your company’s name, address, and organizational setup.

Obtain a Virginia Tax ID number in step three. You must acquire a Virginia Tax ID number after registering your company with the Virginia State Corporation Commission. You can receive this number online from the Virginia Department of Taxation and use it to identify your company for tax purposes.

Apply for a Resale License in Step 4

Finally, the Virginia Department of Taxation is where you can submit an application for a resale license. Your business information, your Virginia Tax ID number, and details about the goods you’ll be selling must all be provided. You’ll get your resale license after your application is accepted.

In Virginia, Do You Need a Business License to Sell on Etsy?

You might be asking if you require a business license if you intend to sell on Etsy in Virginia. It depends, is the answer. A resale license is required if you are selling anything that are subject to sales tax, such as tangible goods. Nevertheless, depending on your area and business structure, you might not require a resale license if you’re selling digital goods or services, but you might. How to Determine if a Virginia Business Name Is Free to Use

You must select a distinctive business name if you are opening a new company in Virginia. Use the Business Entity Search provided by the Virginia State Corporation Commission to see if a business name is available in Virginia for no cost. You can use this online tool to look for already-used company names and determine whether the name you want is accessible.

Virginia Entity Name Reservation Procedure

You can reserve the entity name for up to 120 days by submitting a Reservation of Entity Name form to the Virginia State Corporation Commission if you have decided on a business name but are not yet prepared to establish your company. As you get ready to register your business, this will stop anyone else from utilizing the name.