ALL ABOUT THE RESELLER'S PERMIT & SALES TAXES | TROYIA MOANY

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  • Опубликовано: 13 дек 2024

Комментарии • 350

  • @naomisilva8988
    @naomisilva8988 3 года назад +237

    I just got my LLC for my online boutique here in California and I just want to say I’m so emotional right now because each and every video you have answers every single question I’ve had. I got my LLC and did not no what was my next step and you literally broke everything down so well. I’ve subscribed to your channel and I’m watching all your videos😭 God Bless you🙏🏽 You deserve the best Queen 👑

    • @Southernbeauticomplx
      @Southernbeauticomplx 3 года назад +4

      What was the cost for your LLC & Seller's Permits in California? I just moved here & I am in the process of determining to transfer to Cali or let my business stay in Mississippi.

    • @Squiddy430
      @Squiddy430 3 года назад +2

      How much did you pay for your LLC?

    • @groovyrollerskate
      @groovyrollerskate 3 года назад +3

      @@Squiddy430 I paid $75 with Inkfile

    • @Squiddy430
      @Squiddy430 3 года назад +1

      @@groovyrollerskate omg thank you for the response! Are you fully online? I’m so confused with the whole registered agency, do you use your home address since you’re online? I don’t want my home address out there

    • @nelsoncharles2914
      @nelsoncharles2914 3 года назад

      @@groovyrollerskate really

  • @georgestone0123
    @georgestone0123 Год назад +227

    A limited liability company (LLC) is a business structure in this US that protects its owners from personal responsibility for its debts or liabilities. Owning/Pivoting an LLC may look strenuous for individuals who try to run it themselves

    • @tahirisaid2693
      @tahirisaid2693 Год назад +1

      You all are right!! It's important for business owners to recognize and address these stressors to maintain their own well-being and the success of the LLC. Strategies such as seeking support from mentors and fin. advisers can help alleviate some of the stress associated with owning an LLC

    • @georgestone0123
      @georgestone0123 Год назад +1

      Thanks so much I was able to find her page and I already leave her a message.

  • @rondared6555
    @rondared6555 Год назад +2

    Tee Im scared and a lil stuck to move forward but you made me a lot more confident. Thank You !!

  • @welcomecustomers3208
    @welcomecustomers3208 2 года назад +8

    Clear, Concise, and easy to understand my stress level has been high for the best months thank you so much girl now thats how you give people information!

  • @BrittanyWashington09
    @BrittanyWashington09 3 года назад +76

    You deserve way more credit than what you get now, sis be dropping mad gems 💎 and I’m so grateful for you because most ppl show the fun parts of owning a business. I feel like the legals and tax info is what should be discussed off the top! Thank you boo 😘 and congratulations on stepping out and trusting your business process

    • @TroyiaMonayy
      @TroyiaMonayy  3 года назад +4

      Thank you so much 🤗 I really appreciate it!

  • @brittanyashtin
    @brittanyashtin 3 года назад +52

    Wooooooow motivation. Congratulations on leaving your full time job and becoming a BOSS💪🏾

  • @IndiaSmith-y8b
    @IndiaSmith-y8b 6 месяцев назад

    Thank You. You answered all my questions I had today. I was sooooo lost.

  • @latonyawoods312
    @latonyawoods312 3 года назад +10

    I truly love how informative you are and you don't mind sharing the knowledge, big thanks to you sis!

  • @versieholland9623
    @versieholland9623 Год назад

    Aye Queen!! Great info! Thanks 4 Sharing! Please continue to educate. Much Love

    • @TroyiaMonayy
      @TroyiaMonayy  Год назад

      Thank you, I appreciate your kind words. I am glad that you found the information helpful and I will continue to share information that I think will be valuable for you. And thank you for your love and support! 😍

  • @josephpowers7155
    @josephpowers7155 2 года назад

    I've got to admit, your excellent application of lipstick drew me in... but you've also done a great job on your nails! Have a good 1 love

  • @exoticbandage3198
    @exoticbandage3198 2 года назад +6

    It really sucks that they don't teach any of this stuff really in school, everything I have learned I have learned in the last couple years or through RUclips.

  • @tawannacobb4144
    @tawannacobb4144 2 года назад +1

    I love your channel you are so informative when it comes to your craft and you are teaching women in men to have their own business and that’s a very positive thing

  • @harryloomisnewandused2886
    @harryloomisnewandused2886 2 года назад +3

    This is the first video I have watched of yours. Very informative and straightforward. Just subscribed and looking forward to watching more. Hello to everyone I am from Michigan. Happy reselling.

  • @lexireid2569
    @lexireid2569 3 года назад +9

    I’m glad you made this video because I didn’t even know about some of this 😭😭

  • @Carmen-dd4lb
    @Carmen-dd4lb Год назад

    Good important information my greatest appreciation blessings 🙏

  • @shalondaworthy3052
    @shalondaworthy3052 3 года назад +1

    This video just saved me ,I had the worst headache ever before watching omg 😊🥰 . Thank you.

  • @angelap330
    @angelap330 3 года назад +1

    this was very helpful. because i am fresh to all this. thank you

  • @AdrianJ
    @AdrianJ 2 года назад +2

    This is extremely helpful, thank you so much for explaining!!

  • @TheChapis86
    @TheChapis86 2 года назад

    You are the best by far, thank you for the video ❤

  • @ChloeWare04
    @ChloeWare04 3 года назад +2

    Thanks! I knew about filing the quarterly taxes but not Schedule C. Very helpful

  • @getitpaisleighchase
    @getitpaisleighchase 3 года назад +1

    YES!!! MS IS 500!!!! I was considering opening a boutique in MS but wound up moving to Tulsa! It’s definitely MS!

  • @T_Nfamilyaffair
    @T_Nfamilyaffair 2 года назад +2

    I just want to let you guys know something .....If you're deciding to start a boutique and have no clue on what to do ,save your money and go thru her three hour coaching program. I did not go thru the program but I wish I did !! It would've saved me so much time and money ...

  • @nicki8062
    @nicki8062 3 года назад +2

    Girl you are the truth!!! I was so quick to register but no im going to wait. I will be launching in a few months so i def should not be in a rush . Thank you beautiful ::)

  • @celestegregory9020
    @celestegregory9020 3 года назад +1

    South Carolina is free too

  • @kdreamzherself
    @kdreamzherself 2 года назад

    thank you so much this helped a lot more than all the other ones i’ve watched

  • @sagittariussagittarius722
    @sagittariussagittarius722 2 года назад

    Interesting 🌹💯🌹🤔🧐thank you I had one but I never used it I'm divorced now my ex-husband he used his certificate we went to a swamp meet but then I don't know what happened he owed money what about if I never use it am I going to be okay cuz I never used the mine

  • @ladyyonthemoon
    @ladyyonthemoon 3 года назад +22

    I def can relate, I was paying my sales tax and didn’t realize I have to file my schedule C as well. Thanks for the informative video love 💕

  • @DandelionWest-qy3vf
    @DandelionWest-qy3vf Год назад

    Love the video super full of gem!s☺️ much appreciated 💫
    I do have 2 questions Why to we have to pay sales taxes if we don’t make any sales? Is there a set percentage if we don’t make any sales?

  • @Keishia.Nicole
    @Keishia.Nicole Год назад

    Heyyyy LS 😅 This video is absolutely amazing and exactly what I needed 🎉

    • @TroyiaMonayy
      @TroyiaMonayy  Год назад

      Thank you for watching and for being a part of my community. 🙂😍

  • @Britt_xoxo
    @Britt_xoxo 3 года назад +6

    I’m so glad I found your page!! I’m in the process of starting my own online business and you have offered some great info! I’m in FL also 😄

  • @sinarella
    @sinarella 3 года назад +2

    this video..LITERALLY answered ALL my questions!! thank you so much for your time!

  • @queenhustle2418
    @queenhustle2418 3 года назад +5

    One reason why I’m not in a rush to launch” planning on Fall”, I’m making sure I’m dotting all my I’s and crossing all my T’s.. I’m in Georgia and it’s free, I have my LLC, my EIN and my Resellers certificate.

    • @jmcharles75
      @jmcharles75 3 года назад

      Did you have to pay for the resellers license?

    • @queenhustle2418
      @queenhustle2418 3 года назад +2

      @@jmcharles75 hi you can just sign up for it once you have your Llc,

  • @tnunez0706
    @tnunez0706 2 года назад

    Great info. Thank you!😊

  • @ajash3811
    @ajash3811 3 года назад +6

    Thx again for sharing your gems and congratulations on becoming a full-time entrepreneur ❤️🙌🏾

  • @neashaworld57
    @neashaworld57 3 года назад +3

    Troyia if you have the chance could you do a more in debt video about taxes girl? I know how to do my taxes of course but, for business I’m just a little lost.

  • @doo21leroux
    @doo21leroux 3 года назад +1

    Man I wish there was someone like you in Canada that could break everything down.

  • @Second_Wind9
    @Second_Wind9 8 месяцев назад

    Well spoken! What accounting software would you recommend for determining the tax?

  • @mzgoldiechanel5
    @mzgoldiechanel5 3 года назад +1

    You are a godsend your videos are clear to the point and extremely informative

  • @kaycee6036
    @kaycee6036 2 года назад

    There're a lot great questions. However, I don't see where you have responded back because I would like too know the answers to those questions as well. Thanks.
    Great video by the way!

  • @taylorhawkins397
    @taylorhawkins397 3 года назад +1

    For Texas you fill out the application on the Texas Comptroller's website. I know if you have an LLC you'll need the SOS filing number, your driver's license number and the bank account info for your company. There's step by step videos on RUclips as well.

    • @kaydenise237
      @kaydenise237 3 года назад +1

      Hi. What is SOS filing number .. is it your ein number?

    • @taylorhawkins397
      @taylorhawkins397 3 года назад

      @@kaydenise237 Secretary of State filing number. It’s on your formation docs

    • @taylorhawkins397
      @taylorhawkins397 3 года назад

      @@kaydenise237 the filing number you get from the Secretary of State website, your EIN is what you get after your get your filing number. You get that from irs.gov.

    • @kaydenise237
      @kaydenise237 3 года назад

      Oh ok gotcha, thank you so much for responding.

    • @taylorhawkins397
      @taylorhawkins397 3 года назад

      @@kaydenise237 no problem!

  • @dsadasey
    @dsadasey 3 года назад +2

    Just got mine over weekend!!!

  • @Mamilicious23
    @Mamilicious23 2 года назад

    Super helpful. THANK YOU!

  • @consuelaallen4372
    @consuelaallen4372 2 года назад

    Very beautiful presentation love.

  • @kaylarumph1303
    @kaylarumph1303 2 года назад

    Thank you 🙏 👍👍

  • @jenniferd.820
    @jenniferd.820 3 года назад +3

    Congratulations on being your own boss!!

  • @chrisetienne831
    @chrisetienne831 9 месяцев назад

    Hey thank you for this video do you have any video who explained specifically how you fill taxes for your wholesale purchased, do I have to fill for each brand product I’m a lil confused thank you for your response!! 🙏

  • @merchantseamancommunity8302
    @merchantseamancommunity8302 3 года назад +3

    You really did a great job 👏🏾 clearly explaining all the information in this video. Thanks

  • @iesha.michellee
    @iesha.michellee 3 года назад +5

    Thank God. You are so inspiring. I’m about to book a coaching session!!!

  • @HealthyMindset4peace
    @HealthyMindset4peace Год назад

    Hi Troyia. Let me start off by saying: You are really the GOAT girl!! Thank you for that information. I just wanted to ask, by any chance are you able to provide the schedule for paying taxes quarterly for the State of FL or where would I be able to find that information? Thanks again

    • @TroyiaMonayy
      @TroyiaMonayy  Год назад

      Heyy! Yes, please reach out to the Florida Department of Revenue and they can do that for you. :)

  • @KL11127
    @KL11127 Год назад

    Thank you so much for this

  • @It_Keonna
    @It_Keonna 3 года назад

    You give me so much hope ,I love your Vids...... your advice is heaven sent:) you had me nervous for MS resellers being that high after research I learned we are Free!!!!!!!!!! EXCITED.....Keep being unapologetically great.

    • @LaQuitaL
      @LaQuitaL 2 года назад

      It's 500 if your business is home based...😔

  • @curvycutey8510
    @curvycutey8510 3 года назад +2

    I was just wondering about this. Love all your video content! 💕🙌🏽

  • @laveniadeberry3863
    @laveniadeberry3863 2 года назад

    This was perfect thank you!

  • @sincerelyalexis1579
    @sincerelyalexis1579 2 года назад

    Yep! Mississippi is $500

  • @tracey3852
    @tracey3852 2 года назад

    So helpful thank you my brain about to explode just trying to build a website on shopify.....I'm following you loyally!

  • @ladyb7118
    @ladyb7118 3 года назад +2

    Right on time..it's Monday 💪🏾🤎 #LetsGo

  • @alexisjones4293
    @alexisjones4293 3 года назад

    Yaaasssss A New Video 💕 You Are So Inspirational ! Going To Go Check Out That Class ❤️🏃🏽‍♀️

  • @marieclairenyirahabimana4254
    @marieclairenyirahabimana4254 3 года назад

    Very Helpful. I Was Struggling With Understanding What It Really Is

  • @pastimejunkie1031
    @pastimejunkie1031 2 года назад

    You’re a godsend.

  • @its.znaati
    @its.znaati 3 года назад +1

    So informative! Thank you for all the knowledge you give out to us!!!

  • @nyclassic4ever130
    @nyclassic4ever130 2 года назад +2

    I was young and got a sales tax certificate (reseller cert)...maybe about 2003. Had option to file quarterly or annual. I chose quarterly via mail with booklets they sent me. Well...i never did anything with it..cause couldn't find wholesalers or anything to resell. Moved on with life...moved physically about 6 times. Completely forgot about ever having this certificate....IRS/state took my tax refund about 3 years in a row out the blue for not reporting, they assume I made sales and just never reported 🤦🏽‍♂️. I lost my paperwork and I don't even have the number of info. Called the state to resolve this and let them know it's not active and I wish to dissolve it but that was mid covid with limited phone assistance. Sooo...i still don't know where all this is now. It will be 20 years soon! Learn from my mistakes...shes not exaggerating about reporting and not getting a cert just to access vendors. I never purchase one single item 🤣🤦🏽‍♂️

  • @Karlisa
    @Karlisa 3 года назад +5

    Congrats are being able to leave your job❤️ You are goals!

  • @qerenjoydi
    @qerenjoydi 3 года назад +2

    Right on time! Thank you sis 💕💕💕

  • @ayvabeauty7208
    @ayvabeauty7208 2 года назад

    Thank you for explaining this

  • @Yourgirlmomo
    @Yourgirlmomo 3 года назад +11

    When setting my business up I grabbed my EIN first and then my sellers permit those are free here in Boston so this is great advice yall ! next step is my LLC saved that for last because its $500 where i am

    • @joliejoydufresne4
      @joliejoydufresne4 3 года назад

      I guess it’s different in every state I taught you needed your LLC in order to get you EIN

    • @Quemekia
      @Quemekia 3 года назад

      @@joliejoydufresne4 no

    • @Chrissy_Onye
      @Chrissy_Onye 3 года назад

      @@joliejoydufresne4 u don’t!!! But it’s a long process to connect the two when you do it backwards. So build the foundation (llc) first

    • @Jon_Nadeau_
      @Jon_Nadeau_ 2 года назад

      Hey I'm also from Massachusetts. I already have an LLC, and an EIN. However the resellers certificate is confusing me. On the MA website it gives you a ST-4 form in a pdf file. Am I supposed to just print and fill this out myself? If so, do you know where I submit it once it's filled out?

  • @whatdebbiedoes2907
    @whatdebbiedoes2907 3 года назад

    Super appreciate your vedios, always a big help

  • @sheabella3156
    @sheabella3156 3 года назад +4

    I have a question about sales tax. Do you collect and remit to the buyers state? Do you register for all states? If so, how are you handling this? Do you outsource to submit your filing monthly and annually?

  • @ldougoux357
    @ldougoux357 3 года назад +1

    nice gold nugget dropping!.. thanks

  • @joliejoydufresne4
    @joliejoydufresne4 3 года назад

    Omg thank you so much for that video, I did have everything and I never file because I was thinking you file when you make sales and launch so in that case what can I do

  • @vanessawiggins3193
    @vanessawiggins3193 3 года назад

    Very important information thankful for the opportunity 🙏

  • @locamusica
    @locamusica 3 года назад +4

    What form do you need to file quarterly or yearly after you've obtained the Resale Certificate?

  • @MajeedaGreen
    @MajeedaGreen 3 года назад +4

    And please understand Ladies, this is not a quick process. I'm in Pennsylvania and It took 4 weeks for my LLC papers and EIN to come back. and you need both to get your sellers License. I just put my Seller License application in two days a go. it will take over a week for them to get my application processed.

    • @TroyiaMonayy
      @TroyiaMonayy  3 года назад +1

      Thanks for sharing this!

    • @AziaNoland
      @AziaNoland 3 года назад +1

      Hi Majeeda, I’m trying to start my own business in Pennsylvania as well and am having a hard time finding the seller license application can you tell me how you found it?

    • @MajeedaGreen
      @MajeedaGreen 3 года назад

      @@AziaNoland in order to fill out for the application your gonna need your entity set up (LLC) as well as you EIN#... then you go to the Pennsylvania department of revenue to register your business ... 3w's.pa100.state.pa.us

    • @liciaj5941
      @liciaj5941 3 года назад

      Really? Im in virginia. I got my llc and ein instantly online.

    • @AziaNoland
      @AziaNoland 3 года назад +1

      @@MajeedaGreen Thank you

  • @christinalanise1996
    @christinalanise1996 3 года назад +1

    I just got mine a few weeks back. Although my vendors for certain things are from China. They don’t ask for. I think some do require that you have it.

  • @drearocks1021
    @drearocks1021 3 года назад +1

    Thank you for this information!! But girl, where is the link to video about organizing your business finances. I need it please!!

  • @OneandonlyD
    @OneandonlyD 3 года назад +3

    my question is…do i submit the resale certificate to the state department or just fill it out and keep it to myself? and can we use the same EIN # for more than one businesses.

  • @lanekquasmith2104
    @lanekquasmith2104 2 года назад

    Can you give a list of all documentation needed for online boutique’s?

  • @thehumanflower
    @thehumanflower 3 года назад +1

    such a life saver.

  • @shawnmiles100
    @shawnmiles100 2 года назад +2

    I WOUDL STRONGLY RECOMMEND YOU READ : "How To Stick It To The IRS: Confessions From A Former Insider" Paperback - January 1, 2016
    by Sherry Peel Jackson

  •  2 года назад +1

    What’s the link to apply ? I can’t even find it 🥺

  • @serpentskein
    @serpentskein 2 года назад +2

    This is so informative!! Do you know if the reseller permit applies to materials I buy to make products that I sell online, as well as thrifted items that I flip on reseller platforms? And do you know how this works with reselling platforms like Poshmark or Depop who handle the state tax collection themselves?

  • @kweenkeeba
    @kweenkeeba 3 года назад +4

    Thank you so much for this and the clarification and breaking it down so well🙌🏾🙌🏾👏🏾👏🏾 I will be taking advantage of the 1 on 1 coaching session that you offer very soon. Thank you again❣️❣️❣️

  • @allbarzent
    @allbarzent 3 года назад

    Staying bizzy!!!

  • @deliawilliams35
    @deliawilliams35 2 года назад

    Thank you for this video. On shopify there's a use tax exempt form for Michigan we fill out. Can you go thru that specific form. I read the instructions but I do not know how to fill this out at all

  • @litzycanaless5694
    @litzycanaless5694 2 года назад

    thank you.

  • @momos3536
    @momos3536 3 года назад +2

    How do I get a resellers certificate in the Caribbean? I want to start my own business....an access to vendors but they ask for my permit

  • @charleswashington7576
    @charleswashington7576 Год назад

    I have 30 years of business experience, so I hope to help with any fear or confusion. The US Department of Treasury collect Income taxes based on your profit and loss statement filed thru your Federal Income Tax Fillings. Now, filling or not filling state sales taxes to your States 'Department Of Revenue , never mixes with the IRS. IRS is the Federal tax law enforcement and collection agency. Bottom line is, The State Department Of Revenue cares nothing about IRS and vise versa, as long as you pay them both, eventually. So, be wise and manage your bottom line first. Ok, enjoy the pride of ownership.

  • @HuyNguyen-dh9vu
    @HuyNguyen-dh9vu 3 года назад +3

    Hi I just got my sales tax permit a few days ago, so when i come to the market do i just show them and they will exempt the taxes of the items that i bought?

  • @Southernbeauticomplx
    @Southernbeauticomplx 3 года назад

    Yes I am from Mississippi & you have to pay a $500 cash bond but should you close the account & do not owe anything, you will get that back.

  • @raneishamorris4976
    @raneishamorris4976 3 года назад +1

    Am in Jamaica so how can I deal with these llc,resellers permit an all those thinks am ready

  • @feyi4103
    @feyi4103 3 года назад

    You're soooo pretty. Okay, back to the video😂

  • @princessstew1836
    @princessstew1836 3 года назад +2

    Can you list all the licenses we need to start?

  • @xuezhongyu5853
    @xuezhongyu5853 10 месяцев назад

    I would like to ask, my company is in Delaware, but there is no resale certificate in Delaware.but a resale certificate is required to register a wholesaler account. What should I do?

  • @themoredockfamily4865
    @themoredockfamily4865 2 года назад +1

    How long does it typically take to get a multijurisdictional reseller certificate?

  • @therealtings9643
    @therealtings9643 2 года назад

    Hello guys just filed in Mississippi for one it was like $177.

  • @munahtarpeh2498
    @munahtarpeh2498 3 года назад +2

    Congratulations on your success... I am definitely going to book a session with you...I haven’t launch my store yet I will be selling women accessories I hope that is something you can help with.

  • @getfitwithschevy5883
    @getfitwithschevy5883 2 года назад

    Thank you soooo much!

  • @dejacharles1154
    @dejacharles1154 3 года назад +4

    Does this apply to starting an online business? And if so, I live in the Virgin Islands where we apparently do not have sales tax. Do I still have to follow this process? And to what extent?

  • @ashleynorman6713
    @ashleynorman6713 3 года назад

    I love your video is there anyway you can touch on NAICS codes. I’m in the process of obtaining my permit but it’s required to have NAICS codes.

  • @sisterkeisha
    @sisterkeisha 2 года назад

    I’m lost on the c filing , when We file quarterly supposed to do that online. I am new to all of this and just applied for my LLC yesterday. Stuck on what to do next.

  • @latanjashaw6759
    @latanjashaw6759 2 года назад

    Hello, im doing my Sales Tax on Department of Revenue, what is a "Use Tax", and a Sakes Tax Type