Vendors’ licenses are required for taxable sales. So what are taxable sales?
Every company sells goods, services or a combination of both. Some of these sales are subject to sales tax and other transactions are not.
A business owner should be certain about sales tax, because a mistake could be devastating. There are different types of vendor licenses in the State of Ohio.
The decision on sales tax and the amount to be collected should be evaluated with your certified public accountant or tax adviser.
Elliott Stapleton Attorney with CMRS Law