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What are the Michigan licensing requirements for opening a pawnshop?
Wiki User
∙ 15y ago
A use tax license is required with the Michigan Department of Treasury at (517) 636-4660. For installment sales of other products no license is required but certain limits apply about the rate of interest that may be charged with the Department of Labor and Economic Growth at (517) 373-0220 or toll-free (877) 999-6442. State law allows cities to regulate secondhand dealers. Check with city clerk's office. Refer to MCLA 445.401-445.408 and MCLA 446.201-446.219.
Wiki User
∙ 15y ago
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