A seller’s permit is a document that you apply for through your state. This permit fulfills two primary functions:
-It enables you to sell products and/or services in your state and online.
-It permits you to collect sales tax.
For the government, this document is important because it allows them to see how much income you’re reporting, how you’re collecting sales taxes, and whether you’re paying this tax back to the state.
If you’re thinking about operating your business without securing a seller’s permit, think again. Failure to produce one when requested could result in a hefty fine and even jail time.
***Cost applies to all state filings
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