How to Apply for a Wyoming Sellers Permit?
The state of Wyoming requires a sales tax permit for businesses that sell physical merchandise. This permit is also known as a reseller's license or resale certificate.
If you’re starting a business in Wyoming, you’ll need to obtain a Wyoming Sellers Permit. Also known as a reseller’s permit or wholesale certificate, this document allows you to collect and remit sales tax. Understanding your state’s specific requirements and processes is important before applying for a permit. To apply for a sellers permit in Wyoming, you’ll need to provide information about your business, such as its legal name and address. You’ll also need to provide details about its products and services.
The process varies by state, but most require a fee of $5 to $60. It’s important to know if you have sales tax nexus in a given state, as the penalties for failing to register and collect sales tax can be steep. If you do, you’ll need to register for a sellers permit, also known as a wholesale certificate or sales and use tax license. It’s purchased annually and allows you to collect sales tax from your customers.
You may also be required to provide proof of your business’s location, its type of business entity (S corp or LLC, for example), and its North American Industry Classification System code. You’ll also need to provide your business bank account name, account number and routing number. Check with your state’s department of revenue for more information on how to submit your application.
Wyoming Sellers Permit Requirements
A seller’s permit, or sales tax license, is a requirement in most states for businesses that sell products or services that are taxable in the state. The process and fees for obtaining a seller’s permit vary by state. You can get more information about sellers’ permits from your state’s Department of Revenue or by consulting with a licensed CPA, attorney, or business formation company such as LegalZoom or Swyft Filings.
If your business has an office in Wyoming, a storefront, or an employee located in the state, you must obtain a seller’s permit if your company’s taxable sales in the state exceed a certain amount. This is called “economic nexus”. However, if your company only sells on online marketplaces such as Amazon or eBay, you will not need to register for a seller’s permit because the state sales tax is collected by the marketplace and remitted to the state. Also, some states, such as New Mexico, do not require seller’s permits but instead impose a gross receipts tax (GRT) on businesses that sell goods and services.
