You may have heard of a resale certificate if you are starting a business in Hawaii or already have one. However, what is it specifically and why do you need it? An official document known as a resale certificate enables companies to make purchases of products or services without paying sales tax. Retailers who want to sell the products they buy to their customers again frequently use it.
You must first register your business with the Hawaii Department of Taxation in order to receive a resale certificate there. After registering, you can submit an ST-2 form to request a resale certificate. The form is available in the department’s office or online for download.
Your company must be engaged in the business of selling tangible personal property in order to qualify for a resale certificate. Your Hawaii Tax ID number as well as the names and addresses of your suppliers are also required. You will be given a resale certificate after your application is granted, and it is good for two years.
Let’s move on to the questions that are connected now. Does DC require a seller’s permission for internet sales? Yes, it is the answer. You require a Basic Business License (BBL) and a sales tax permit if you intend to conduct business in the District of Columbia. By registering your company with the DC Department of Consumer and Regulatory Affairs (DCRA), you can receive the BBL. The DC Office of Tax and Revenue (OTR) can be contacted to register for the sales tax permit.
Do you require a business license for DC? Yes, as was already stated, a Basic Business License (BBL) is required to run a business in DC. The BBL is necessary for the majority of commercial operations, including retail, service, and expert activities.
Does DC require a permit for a yard sale? No, is the response. A permit is not required in DC to hold a yard sale as long as you are only selling personal goods that you no longer need or want. However, you might need to get a BBL and a sales tax permit if you intend to routinely sell goods at a specific place.
The last step is registering a trade name in DC. You must submit a Trade Name Registration form to the DCRA in order to register a trade name in DC. You can get the form at their office or download it from their website. You must include your company’s name, address, and the name you intend to use for business purposes. A commercial name registration costs $55 in total.
In conclusion, it might be hard to comprehend the many licences and licenses needed to run a corporation. However, you can make sure that your business runs efficiently and lawfully by becoming informed with the requirements and taking the appropriate actions to get them.
However, the article “Resale Certificate in Hawaii: What is it and How to Get One?”