What’s the Difference Between a Seller’s Permit Issued by the California Board of Equalization and a Resale Certificate?
When making a sale for resale, a common mistake that businesses make is accepting a copy of the purchaser’s seller’s permit, instead of a timely, valid, resale certificate. Businesses are frequently unaware of the difference between a seller’s permit and a resale certificate, and if they are, they often fail to put adequate controls in place to make sure a proper resale certificate is accepted. Understanding the difference is actually very important, especially for manufacturers, wholesalers and other business that commonly make sales for resale. Although sales for resale are one of the most fundamental exempt sales a business can […]