Starting a(n) Machinery Repair Business Sellers Permit Wholesale ID Resale License

Machinery Repair

Repair Machinery Repair

id like to do mobile mechanic out of my truck ok I'm in ny and would like to do car repair and machinery repairs in the field like a plumer my name is George Zeininger I do have a tax id number don't have it on hand is there any way tonot have to pay sales tax on machinery I buy for my business like for my snow removal? So if I did this and was a LLC then I would be exempt from sales tax on the things I buy? Yes I'm still a little confused. If I did this then I would not have to pay sales tax on machinery or materials such as a salt spreader or salt that I need to do snow removal? I don't sell any product I provide snow removal for different businesses and will that make me exempt from paying any sales tax

Repair

Repair Business need to get a sellers permit to buy the parts wholesale and sell them retail. In addition, repair businesses need other licenses as discussed below after this short statistics note: In these economic times, consumers consider to repair their own things as opposed to buy a new appliance and or other object that can be repaired. That will help the economy growth of 1.2% over the next 5 years, with the repair industry revenue reaching $54.7 billion. At the same time the number of repair business locations will increase by a rate of 0.9%, reaching 231,033 over the five years. In addition, wages are projected to increase at an estimated average annual rate of 1.7% to $17.6 billion.
To obtain licenses for your repair business, first, select your repair business structure: Sole Proprietor, Partnership, LLC or Corporation.
The above step is important business all repair business documents will be filed under the type of business organizational structure. After that, you will need to obtain a repair business permit.
This is a general business permit that all new businesses must obtain.
In addition, all businesses must be identified by a repair business tax ID called a federal tax ID number or Employer Identification Number (EIN). If you file as a sole proprietor, you can use your social security number instead of the federal ID.
Then, a sellers permit is required if you sell repair merchandise wholesale or retail but the main reason is to buy the parts and sell them and install them on the repaired cars.
The repair sellers permit is also called state ID, wholesale ID, resale ID, or re-seller license.
If you are an employer, you will need a federal employer Number and a State Employer Number.
If you do business as a name other than your full legal name, for example, you do business as "Repair Ultra Service," you will need to file a doing business as (DBA) filing.
Finally, you have the option or incorporating or forming an repair LLC. Setting up as one of these corporate entities allows you not to file a DBA.

Repair


Services Sales Tax Machinery Repair