One of the first things you should think about if you want to start a wholesale business in Wisconsin is obtaining a wholesale license. You can legally sell goods in large quantities to shops and other companies without having to pay sales tax if you have a wholesale license, commonly known as a seller’s permit or sales tax license. We will address some of the most prevalent inquiries about the Wisconsin wholesale license in this article.
In Wisconsin, a wholesale license costs $20. This charge must be renewed every two years and is not refundable. You must complete an online application form on the Wisconsin Department of Revenue website to apply for a wholesale license in Wisconsin. Information like your company name, address, and federal tax ID number are required. Do I need a business license in Wisconsin to sell on Etsy?
In Wisconsin, you may not require a business license if you sell on Etsy as a hobby or side job. However, you might need to get a business license if you are operating a full-time business and getting a sizable portion of your revenue from Etsy sales. Depending on the area and kind of business, certain conditions must be met to obtain a business license. If you want to know if you need a business license to sell on Etsy in Wisconsin, it’s best to check with your local city or county government.
Yes, Wisconsin does recognize certificates of out-of-state sales. If you have a valid resale certificate, you can sell products to Wisconsin retailers without charging sales tax even if you are a wholesale supplier or distributor situated outside of Wisconsin. Your out-of-state seller’s permit number must be on the resale certificate for it to be recognized by the Wisconsin Department of Revenue. Do Wisconsin resale certificates have an expiration date?
Yes, the validity period for Wisconsin resale certificates is five years. You must apply for a new resale certificate if your current one has run out of time. Through the website of the Wisconsin Department of Revenue, you can update your resale certificate there.
You can utilize the Wisconsin Department of Revenue’s internet search engine to hunt up a resale certificate there. You can use the search engine to look for resale certificates by certificate number or name. By entering the certificate number on the Wisconsin Department of Revenue website, you can also confirm the legitimacy of a resale certificate.
To sum up, getting a Wisconsin wholesale license is crucial to launching a wholesale operation there. An annual $20 fee is charged for a wholesale license, which needs to be renewed every two years. You might require a Wisconsin business license if you sell products on Etsy on behalf of a company. Out-of-state resale certificates are accepted in Wisconsin, although they are only valid for five years. The Wisconsin Department of Revenue’s internet search engine can be used to look up a resale certificate.