What Information Is Required on the Seller’s Permit Application?
The first thing you need to do is establish your business and obtain the necessary business licenses. You could operate as a sole proprietorship, partnership, LLC (limited liability corporation), etc.
You will also need to have applied for and obtained a federal income tax ID number. This number is used to pay federal business taxes. You will also need it if you plan on hiring employees, as you must deduct federal income taxes from their earnings and pay those to the federal government.
Once you have these things in order, you are ready to apply for your GA seller’s permit. On your application you will need to include the following information:
- Entity Type – You must specify the type of business entity, such as sole proprietorship, etc.
- Business Name – You will supply the name of your business, as well as your DBA if applicable.
- Withholding Information – This is your Georgia withholding tax permit ID used for tax filing and to pay taxes on any compensation paid to the business’s employees.
- Driver Licence Number(s) – Every owner or officer of the business will need to supply their driver license number.
- Business Address – The physical address where your business is located or your mailing address for an eCommerce business.
- Business Phone Number – The phone number associated with your business.
- Federal Income Tax ID Number – Your application requires your federal ID number for certain entity types.
- Social Security Number – If you do not have a federal tax identification number or it is not required for your business entity, such as a sole proprietorship, then you will supply your social security number instead.
- Projected Monthly Sales – You need to provide an estimate of the pre-tax sales, not including shipping or handling costs on the application.