Extract Data From Legal Ohio Buy-Sell Forms For Free

If your business is a retail or wholesale operation that does not want to be responsible for collecting sales tax on resold items and does not want to have any exposure to any future tax liability, then an Ohio resale certificate will be required.

A seller's permit is commonly known as a sales tax permit, reseller permit, resale certificate, sales tax exemption certificate, sales tax license or sales and use tax permit. In the state of Ohio it is formally referred to as a vendor's license.

Any stakeholders, including partners or owners, and their current stake in the business' equity. Events that would trigger a buyout, such as death, disability, divorce, retirement, or bankruptcy. A recent business valuation. The structure by which partners would buy or sell their interest in the business.

In order to have an Ohio resale certificate, you must first apply for an Ohio sales tax permit. This sales permit will provide you with an Ohio Tax ID number (sales tax number) which will be a necessary field on the Ohio resale certificate.

Registration is available through the following: Ohio Business Gateway ? Prospective retailers may obtain a vendor's license immediately through the Ohio Business Gateway. ... County Auditors ? Businesses may also apply for a vendor's license with their county auditor.

If you Wish to Use an Ohio Resale Certificate Both forms require the buyer to list their name, address, purpose for the exemption (resale), and vendor's license number (if any). Make sure to sign and date the form and present it when making your first sales tax-free purchase.