Sellers Permit For Online Auctions
Today’s fast, competitive online market makes it easy for anyone to buy or sell goods and services on the internet. EBay and other auction sites connect buyers and sellers quickly, making them potentially profitable arenas for anyone looking to earn some extra cash. But be aware: depending on the nature of your auction site usage, you may need a seller’s permit to legally carry out your transactions. Do I need a seller’s permit? If you buy wholesale items (usually in bulk, at prices lower than retail) and sell them on eBay or any similar service, or if you sell any type of item wholesale, you probably need a seller’s permit for online auctions. Online transactions that require a seller’s permit usually involve taxable, tangible items; for example, if you’re selling toys, silverware, or jewelry that you did not create yourself, you need a permit. If you run an online business through an auction site, you also need a seller’s permit, and possibly a business license as well.
