However, they have significantly different legal purposes, and you can cause problems for yourself if you do not understand what each type of license does.
A Georgia resale certificate officially called a Sales Tax Certificate of Exemption grants the right to purchase goods tax-free if they are to be resold later. A resale certificate in Georgia is given by the buyer of these goods to the seller. All you need to do is follow the instructions we have provided in our online ordering system. To get started, be sure to gather the following data:. There are two general ways to obtain a wholesale license in Georgia.
You can apply directly with the Georgia tax center government agency in the state of Georgia. The other option is to save yourself time not having to understand how to fill out complicated applications by using the expedited ordering processes available from FastFilings.
It does not matter whether the business buys and sells wholesale or retail. When buying wholesale, the business can avoid paying sales taxes on the goods. Businesses buying at retail can deduct the sales tax paid for goods they intend to resell. At the federal level, you will need to obtain your EIN Employer ID Number , which is the equivalent of a social security number but used for business purposes and filing your business income tax return. At the state level, you must submit a business license application to register the name of your business.
For example, you want to buy 1, gadgets from a wholesaler to resell to your customers. When you sell the widgets to your customers, you collect the sales taxes and pay those to the state. As a new business owner in Georgia, it is customary that you register your company with all relevant state agencies and government departments. To avoid legal issues, you must obtain proper business licenses and permits, as well as follow the regulations of the state. Here is a detailed summary of business regulations in Georgia:.
Business owners in Georgia must obtain both federal and state tax identification numbers for taxation purposes. Also, all companies operating in the state must apply for all licenses, permits and registrations that relate to business functions. These permits and licenses include income tax withholding, sales and use tax sellers permit , and unemployment insurance tax. Other business taxes you should consider are corporate income tax and corporate franchise tax.
In Georgia, small-business owners must apply for a business license that corresponds with the type of business they operate or service they provide. If they run a restaurant, bar or grocery that sells alcoholic beverages, they must also apply for an alcohol license to sell liquor in Georgia. All businesses must purchase a Georgia buying service license if they charge a membership fee to the public for access.
The license must be renewed on an annual basis. Along with the licenses and permits needed by regular businesses in Georgia, some businesses or individuals will also require professional licensing. This includes doctors, accountants, lawyers, plumbers, veterinarians, and engineers.
You can find a complete listing of all the professions that need a state license and their governing boards at the Georgia Secretary of State licensing website. A state license, however, may not be all that you need. The city of Atlanta, for instance, also requires some professionals to obtain a license to do business in the city, aside from the state license.
This includes dentists, optometrists, funeral directors, and family therapists. Along with the various forms of business licenses that you need to operate in cities like Savannah or Atlanta, various municipalities around the state require you to obtain licenses or permits for other activities, such as:. This includes home-based online businesses. This is important to check — taking the steps to start a home-based business and then finding out your area is not zoned for it is a huge and expensive headache.
This is also true of an online business. Turning your home into a child care center or a family child learning home requires specific licenses at both the state and local levels. It also requires specific training. Here are just a few examples:. When you submit your applications for your original licenses or permits in your locality, check with the authorizing entity about renewals.
Forgetting to renew a license or a permit can result in the temporary closure of your business or financial penalties. As you can see, tracking down all the licenses and permits that you might need on the federal, state, or local level can be a time-consuming and frustrating task.
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