What should I be aware of when making purchases for my business?

When making purchases for your business in Massachusetts, it is important to be aware of the rules and regulations set by small business law. Depending on the type of business and the amount of purchases being made, different rules may apply. The first thing to consider when making purchases is whether or not you need to obtain a resale certificate. This is a document from the Massachusetts Department of Revenue which will allow you to purchase things for your business without paying the applicable Massachusetts sales tax. If you are making large purchases, or will be purchasing items on a regular basis, you should apply for a resale certificate. It is also important to understand any state or local licensing requirements which may apply to your business. Depending on the type of business you are operating, you may need to obtain a business license to legally purchase certain items. Finally, be sure to do your research on any products or services you are purchasing. It is important to understand the terms and conditions of any purchases you make. Make sure you know the type of warranty the product or service comes with, as well as any hidden fees, restrictions, or other terms that may apply. By following these guidelines and understanding the rules and regulations for small business law in Massachusetts, you can ensure that your purchases are done legally and appropriately for your business.

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What should I be aware of when making purchases for my business?

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