State of illinois resellers license

The state of Illinois has the fifth-largest economy in the U. This can certainly be a very profitable place for the aspiring entrepreneur. However, there are rules and regulations that you are expected to follow in order to run a legally compliant business here.

In Illinois, it is customarily called a sales tax license. It essentially gives you the authority to collect sales tax on applicable transactions. Our online ordering system will lead you through the process of obtaining a wholesale license in Illinois that complies with state law. Most businesses operating inside the state need to have a reseller permit in Illinois. This law applies even to businesses that are based outside Illinois. In general, business services in Illinois that do not result in a product are not taxable.

Internet-based transactions are generally exempt as well. Sales tax nexus law in Illinois can be difficult to understand, so you are advised to consult the Illinois General Assembly website for more information.

A resale certificate in Illinois gives you the right to purchase goods tax-free in this state on the condition that you resell them later. When making a purchase of this nature, you are required to give an Illinois resale certificate to the seller at the time of the transaction. First, you should gather the following info:. Skip to content. Thousands of business owners have trusted Fast Filings. Put our system to work for you.

Failing to verify this information may put the liability of paying Illinois sales taxes on the seller. Revolving Loan Funds in Illinois. How to Form a Corporation in Illinois. How to get an Illinois Certificate of Good Standing. Steps to Hiring your First Employee in Illinois. Subscribe Now to the day Startup Challenge! Subscribe Now What is a Certificate of Resale?

How do I register my business name? Do I need a business license? Should I use an LLC formation service or do it myself? How do I get a sales tax permit? What is the difference between a trademark, copyright and patent? Do I need a registered agent or can I be my own? How do I get an EIN for my business?

How do I find money to start my business? See more start-up questions. See more business ideas. Additionally, StartingYourBusiness. See the full disclaimer and privacy statement. What is a Certificate of Resale? Rules and regulations for starting a business change frequently.

While we do our best to keep this information fully up-to-date, its very difficult to stay on top of the changes for every state. Also, this site is for informational purposes only and does not provide legal or tax advice. Disclaimer Privacy. How to get a Certificate of Resale in Illinois. Last Updated on May 14, Quick Reference. Learn more about what a resale certificate is, how to get one and more.

Note that the Resale Certificate is different from a business license. Learn more about starting a business in Illinois. Is a resale certificate the same as a sales tax ID? Subscribe Now.