Many companies buy products with the sole intention of reselling them to make a profit. Often times, these purchases may be made in bulk and could also be high ticket items. For this reason a state mandated document called a resale certificate is issued. However, in order to get a resale certificate you must first obtain a seller’s permit. Once you have that you are eligible for resale certificates. Some states will issue you a completed resale certificate that you can forward to a seller, while other states provide a blank form you need to fill out.
Resale Certificates Explained: What New Business Owners in the US Need to Know
Resale certificates are essential tools for new businesses to purchase inventory tax-free. By preventing double taxation, they ensure retailers only collect sales tax from end
