Starting a business in South Carolina is an exciting venture, but it’s crucial to understand the legal requirements that come with it. A common area of confusion for many new business owners is understanding the need for a Retail License in South Carolina, also known as sales tax permit or seller’s permit. This permit allows you to collect sales tax on taxable products and services from customers in South Carolina.
This blog will guide you through each step of applying for a sales tax permit, with clear instructions to help you and your business begin collecting sales tax effortlessly.
Related Topics:
Who Needs a Seller’s Permit in South Carolina?
A business must register for a sales tax permit in South Carolina if:- you meet physical or economic nexus within the state and
- you are selling taxable products or providing taxable services to customers in South Carolina
How to Register for a Seller’s Permit in South Carolina?
When applying for a seller’s permit in South Carolina, you can use the online application process on the South Carolina Department of Revenue website to complete your sales tax registration.1. Where to Apply for a Seller’s Permit in South Carolina?
The first step to register for a sales tax permit online is to go to MyDORWAY and click on “Business Tax Application” found in the Application & Searches section. You will be asked if you know your business NAICS code, enter it at the top of the screen. You will then need to select the type of registration. If you are a remote seller with no physical presence, you will select “Remote Seller (out-of-state business) application.” If you are a business with physical presence, you will select “New Business Tax Application.” Then, you will choose the “New Business Tax Application” under the “Select the type of registration” section. You will then follow through the prompts that walk you through your registration process and provide the necessary information. During this process, you will also create an online user profile by providing your email address. Make sure you select the appropriate access type when creating your MyDORWAY account. You can choose between a Business Owner or a Tax Account Manager.2. What Information Do You Need to Get a Seller’s Permit in South Carolina?
To successfully acquire a seller’s permit in South Carolina, it’s important to prepare and provide specific information and documents. The following is a list of the necessary information and documents required to register a sales tax permit in South Carolina:- Business Identification Information: Legal Business Name, Physical Address, Mailing Address
- Business Entity Structure (i.e., Sole Proprietorship, Partnership, Subchapter S Corp., Corporation, LLC, etc.)
- Federal Employer Identification Number (EIN or FEIN)
- Name, Address, and SSN of Owners, Partners, or Officers
- Business Activity Details: Date & State of Incorporation, Start Date with the State of South Carolina (Nexus Start Date)
- NAICS Code
3. How Much are the Fees for Applying for and Renewing a Seller’s Permit in South Carolina?
Registering for a sales tax permit in South Carolina costs $50. The state charges a non-refundable registration fee. South Carolina sales tax permit does not need to be renewed and remain valid for as long as the business exists without any changes in ownership or structure.4. What are Other Ways to Register for a Seller’s Permit in South Carolina?
- Use TaxHero. Registering for a seller’s permit, mainly when it involves multiple permits, can be a tedious and time-consuming task requiring much effort. Let the experts at TaxHero save you from this hassle, and let us handle the registration process in all states where you have nexus as part of our all-inclusive sales tax service.