To sell in Michigan, you need to have a resale number. This is
obtained from the state. Then you need a business license or
seller's permit, usually obtained from your local county or
city.
To sell in Michigan, you need to have a resale number. This is
obtained from the state. Then you need a business license or
seller's permit, usually obtained from your local county or
city.
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A seller's permit gives a business owner the right to collect
sales tax on retail products or services sold inside the state in
which it was issued. Periodically, they are obligated to forward
this tax onward to the state. People with more than one business
need to register each one with its own seller's permit.
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Assuming when you wrote 6, you meant 6%. It means the seller can
contribute up to 6% of the sale price of the home towards your
closing costs and pre-paids.
Pre-Paids are property taxes and insurance, usually paid into an
escrow account required by the lender.
Example - if the agreed sales price is 200,000, then the max
seller concessions can be 12,000.