Are you considering opening a new business within a new retail building? Depending on your location, there are several common retail licenses and permits you will need to keep your company operating legally. Here are four permissions every business needs before setting up shop in a new retail building.

Licenses & Permits Needed for Retail Buildings

1. Federal Tax ID

Most small businesses need Employer Identification Numbers (EIN) before working with retailers. The IRS uses EINs to keep track of every business entity in the country and assign each with an income tax structure. It’s free to register for an EIN online.

2. Business License

Now that you’re trackable by the IRS, you will need to register your retail business with the state. Each state has different licensing requirements, so check with your local business office. In Ohio, you’re required to obtain a vendor’s license before setting up shop at a retail building.

3. Resale Certificate

Retail building vendors use resale certificates to purchase tax-exempt products from a manufacturer. This allows you to obtain inventory for a low initial cost, then collect sales tax from customers instead to pay back to the state.

4. Certificate of Occupancy

 A certificate of occupancy assures the government your retail building location is fit for occupancy. This often requires your property to pass fire, health, and sanitation inspections. Inquire about local requirements with your city or county planning department.

For assistance bringing your company to life, contact BHI General Contracting in Cincinnati, OH. This independently owned business has been Kentucky, Ohio, and Indiana’s one-stop shop for all general contracting needs for 35 years. Visit them online to learn more about project management services available to retail buildings, medical facilities, and industrial settings. Discuss your upcoming project with a team member by calling (513) 330-5686 today.