It’s true that those who plan to sell or lease tangible personal property in California are required by law to have a seller’s permit—but holding a CA seller’s permit also has several benefits to the person who is ready to start and grow a business.
What a Seller’s Permit Enables Your Business to Do
In acquiring a seller’s permit, your business will be able to collect sales tax on the items you sell. It also allows you to access goods from wholesalers, which can mean a big difference to your business expenses.
It Doesn’t Cost a Cent
A great thing about getting a seller’s permit in CA is that it won’t cost you anything. Considering the other permits and licenses you may need to buy for your business, getting this particular permit gives you one less cost to have to budget for. The fact that it’s free also means there’s an incentive to get one.
It Keeps Your Business Safe
A seller’s permit can help to keep your business safe, although it can’t do this all by itself. When you have this document, you are confirming your commitment to conduct business with honesty and integrity, which can communicate to anyone who has decided to conduct business in other ways that you’re not interested unless everything is aboveboard.
It’s a Budget Protector
Businesses that don’t have a permit can be far more likely to face various penalties and fines, which can make their cost of doing business unexpectedly higher. Having a permit, along with any other licensing you may need, drastically reduces your risk of these kinds of extra costs.
Another way that a California seller’s permit protects your budget is by allowing you to access goods at a much lower cost from wholesalers. This can mean the difference of thousands of dollars and can also mean your business can enjoy future growth without a high expense.
It Can Mean Easier Partnerships
Because of the fact that you have a seller’s permit, it can also make it much easier for other businesses to start partnerships with you. Many business owners will only partner with companies who have a permit; they can know there won’t be any unnecessary problems, and doing business with a company that holds a permit also lessens their risk of incurring fines and penalties.
Possible Sales Tax Exemptions
Depending on the nature of your business, you may be entitled to sales tax exemptions on what your business sells—but, of course, you’ll want to ensure your business is legal, and that you hold the licenses and your seller’s permit so that you’ll qualify for these exemptions.
Getting a no-cost seller’s permit can keep your company and budget safe while making it easier and less costly to conduct business in the state of California. If you want to get a permit fast, choosing the right processor is absolutely essential. FastFilings processes licenses faster than any other company, thanks to our easy and fast 3-step process.