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To Complete R 1064 Louisiana Resale Certificate Form , Follow the Steps Below:

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How to employ The R 1064 Louisiana Resale Certificate Form ?

[Music].hello everyone.English video today I have been getting.more questions from people who are doing.drop shipping and who are selling stuff.online that's amazing I'm buying stuff.online everyday and they're asking about.this resale certificate so I'm making.this video a video video to explain a.little bit about it and it comes you.take a step back if you're selling stuff.to people online in the United States or.you're buying from people in the United.States for purposes of sound reselling.it that's really when you need a resale.certificate so in the u.s. we have.income taxes based on if you have a US.company you pay taxes on your profits.basically your sales minus your expenses.and if you're selling stuff like items.you probably have to pay sales taxes and.there's 50 states and each state has.their own methodology for assessing and.collecting sales taxes some states don't.collect it some states have different.criteria it's a mess but in every case.if you are buying let's say you're.selling bicycle tires if you're selling.bicycle tires you're going to need to.have them to you either manufacture them.or you buy them from the manufacturer if.the manufacturers in the United States.and you're buying a hundred thousand.bicycle tires for one dollar then they.are going to charge you sales tax as a.consumer unless you have a resale.certificate so if you you need to get a.resale certificate so that you don't.have to pay the sales taxes let's say.it's 7% in Florida it's I think it's 7%.and you know pay it when you buy it so.for example if you don't have a resale.certificate and you buy your one hundred.thousand dollars worth of bicycle tires.you have to pay $70,000 in sales taxes.right away and that's just it's crushes.your cash flow and it's if you don't.sell the tires and you're out that money.anyways so you show them a resale.certificate and with that they don't.assess sales taxes and that's that's.then you collect the sales.when you sell the tires to the ultimate.user of the tires I guess people who.have bikes so you get that by basically.registering in the state and telling the.state that you're going to be you need.one and basically the state knows that.you're buying stuff for resale and.they're going to expect you to file and.pay sales taxes when you actually sell.those items so it's not crazy.complicated someone has to pay the sales.taxes and when you're buying to then.sell to the ultimate consumer you need a.resale certificate so you don't have to.pay the sales taxes because well as.consumers in the u.s. its kind of.expected to pay sales taxes but you.don't want to have to pay them as a.seller ahead of time it's not good.business it's definitely a bad idea to.do that because again if you don't sell.the tire the tires then you're out and I.think it'd be better to spend buy an.extra $70,000 worth of well I said it.was a hundred thousand dollars so it.would be seven thousand seven seven.percent not not seventy percent my.mistake I'm not gonna rerecord the video.but that you can buy an extra seven.thousand dollars worth of tires and then.collect the taxes on the back end you.know it's just it's stunting business so.that's why you need a resale certificate.if you didn't understand already I hope.this video clarifies it a little bit and.I hope you watched past the part where I.said you needed seventy you're gonna pay.seventy thousand in taxes and something.idiot okay so yeah I hope this was.helpful and I hope you understand what a.resale certificate is and the purpose of.it and how to get it you basically need.to register in the state where the.person who's telling you this stuff is.it's probably easiest way and and that's.it so comment below if you want if you.have any questions about this I'm happy.to help elaborate because I have a ton.of clients we're selling stuff online.and you know it's that's where we're.heading okay.have a great.

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R 1064 Louisiana Resale Certificate Form FAQs

Here you can gather explainations to the most FAQs about R 1064 Louisiana Resale Certificate Form . If you have specific inquries, pick 'Contact Us' at the top of the page.

Need help? Contact support

Where can I get the form for migration certificate?

If you are under CBSE board then go to CBSE regional office near you and ask for migration form and fill it then submit to cash counter (Less then 500rs). Same thing with Others

How long does it take to get a resale certificate in Louisiana?

A2A - NOPE. Many cases you can not even do it on a state basis. Michigan for example requires the purchaser to certify it as some of their purchases are exempt and others are not.

How do I get a sales tax exemption certificate?

Bhavin, it would help if you provide some more detail and ask a complete question. Tax exemption for which country? for what purpose? for example. Thanks.

How long does a resale certificate take?

A2A - NOPE. Many cases you can not even do it on a state basis. Michigan for example requires the purchaser to certify it as some of their purchases are exempt and others are not.

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