Ohio Car Dealer License Guide
Surety Bond Professionals is a family owned and operated bonding agency with over 30 years of experience. With access to a broad range of surety markets, our expert agents are ready to assist with all your Ohio car dealer bond needs. What Are the Different Types of Ohio Car Dealer Licenses? The Ohio Bureau of Motor Vehicles licenses motor vehicle dealers in two main categories: dealers selling new motor vehicles and those selling used vehicles. The definition of motor vehicles includes motorcycles, trucks, APVs and other vehicles. There are more used vehicle dealerships than new, so the focus of this article is on the licensing of used vehicle dealers. What Are the Steps in the Licensing Process? There are several things you’ll need to accomplish before submitting a dealer license application. Once you’ve established a legal business entity: Register it with the IRS and obtain a Federal Employer Identification Number (FEIN). Use the Ohio Business Gateway to register the business with the Ohio Department of Taxation and get a tax ID number. Register with the Auditor’s Office in your county to get a Vendor number. Secure a permanent location for your business that meets state requirements for used vehicle...
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