Before you can begin bidding and buying on B-Stock, you must provide a resale certificate with a sales tax number. This is a mandatory step in our application process. It shows that you are a business and intend to resell the items you purchase, but it also does more.
The purpose of having a resale certificate is to allow you to buy goods through your business without paying local sales tax at the time of purchase. It’s then your responsibility to collect the tax from your customer when you sell the item. It benefits your business by allowing you to avoid sales tax and pass those savings on to your customer. It can also allow you to buy more merchandise to grow your business.
A resale certificate can be called different names depending on which form you use or which state your business is registered. Additional names for resale certificates include a reseller’s certificate, reseller’s license, resale license, or a sales tax exemption certificate.
A resale certificate typically states the name and address of you – the buyer-, your sales tax number, seller information (which we request you leave blank due to the number of different retailers on our Sourcing Network), a description of the items being purchased and a statement that the inventory is being purchased for resale.
It is your responsibility as the buyer to do your due diligence and comply with federal and state laws. We recommend visiting your individual state’s Department of Revenue website to learn more about resale certificates. They will be able to provide you with instructions on how to acquire a sales tax number in your area.
Please visit this link to find out which form B-Stock accepts for your state.
Once you receive your sales tax number and are ready to fill out your resale certificate, you may have some questions. We’ve put together some instructional steps along with a ‘how to’ video for your reference.
**If your business is registered in Alaska, Delaware, Montana, New Hampshire or Oregon, this is not required as part of your application.