Starting a business in Wisconsin can be an exciting venture, but it's essential to comply with the state's regulations to avoid any issues down the line. One crucial step is obtaining a Wisconsin seller's permit, also known as a sales tax permit or resale certificate. In this article, we will guide you through the process of obtaining a Wisconsin seller's permit in five easy steps.
Step 1: Determine If You Need a Seller's Permit
Before you start the application process, it's crucial to determine if you need a seller's permit in Wisconsin. You will need a permit if your business meets any of the following criteria:
- Your business is located in Wisconsin and sells tangible personal property or taxable services.
- Your business is not located in Wisconsin, but you sell tangible personal property or taxable services to customers in the state.
If you're unsure whether your business needs a seller's permit, you can contact the Wisconsin Department of Revenue for guidance.
Step 2: Gather Required Information and Documents
To apply for a Wisconsin seller's permit, you'll need to provide some information and documents. Make sure you have the following:
- Your business name and address
- Your federal employer identification number (FEIN) or social security number
- Your business type (sole proprietorship, partnership, corporation, etc.)
- A description of the products or services you sell
- Your bank account information (for electronic payments)
You may also need to provide additional documentation, such as a copy of your business license or articles of incorporation.
Step 3: Register for a Seller's Permit Online
The easiest way to apply for a Wisconsin seller's permit is online through the Wisconsin Department of Revenue's website. You can register for a permit through the state's online portal, which is available 24/7. To register, follow these steps:
- Go to the Wisconsin Department of Revenue's website and click on the "Register" button.
- Select "Seller's Permit" as the type of permit you want to apply for.
- Fill out the online application, providing all required information and documents.
- Submit your application and pay the registration fee (currently $20).
Step 4: Register for a Seller's Permit by Mail
If you prefer to apply for a seller's permit by mail, you can download the application form from the Wisconsin Department of Revenue's website or call the department to request a copy. Once you've completed the form, mail it to the address listed on the form, along with the required documentation and registration fee.
Step 5: Receive Your Seller's Permit
After you've submitted your application, the Wisconsin Department of Revenue will review it and issue your seller's permit. You can expect to receive your permit within 2-4 weeks. Once you've received your permit, you'll need to display it prominently at your business location and keep a copy for your records.
Benefits of Obtaining a Wisconsin Seller's Permit
Obtaining a Wisconsin seller's permit offers several benefits, including:
- The ability to collect and remit sales tax on taxable sales
- The ability to purchase items tax-free for resale
- Compliance with state regulations
- Protection from fines and penalties for non-compliance
Gallery of Wisconsin Sellers Permit
Frequently Asked Questions
What is a Wisconsin seller's permit?
+A Wisconsin seller's permit is a permit issued by the Wisconsin Department of Revenue that allows businesses to collect and remit sales tax on taxable sales.
Do I need a seller's permit in Wisconsin?
+You will need a seller's permit in Wisconsin if your business sells tangible personal property or taxable services and is located in the state or sells to customers in the state.
How do I apply for a seller's permit in Wisconsin?
+You can apply for a seller's permit online through the Wisconsin Department of Revenue's website or by mail by downloading the application form and submitting it with the required documentation and registration fee.
We hope this article has provided you with a comprehensive guide to obtaining a Wisconsin seller's permit. If you have any further questions or need assistance with the application process, don't hesitate to contact the Wisconsin Department of Revenue.