How to Get a Car Auction License in Florida

by Abdullah Ahmad My Auto License is the best way to get your wholes

In case you are purchasing or selling more than three vehicles per year in Florida without a license, you are committing a crime. Stop right away and get yourself a car dealer’s license that matches the nature of your dealership. Florida provides its citizens six types of dealership licenses; one of these is the car auction license. As a vehicle auction dealer you can sell vehicles via the bidding process; however you cannot sell retail.

 

There are a few steps that you need to take in order to obtain a car auction license; despite the longevity of the process it is extremely fruitful. Car auction can provide profit just like all other car dealership types, or even better at times. Bidding is a process that can lead to great profits. First, you will need a federal employer identification number which will help you in business taxation processes. The EIN will be needed when you open your business bank account and get your business registered. You can register for the EIN online via the IRS webpage. You will need to appear for a ten minute interview to receive your EIN.

 

Secondly, choose a name for your car auction dealers business. Choose a unique, catchy and professional name. Then get to the File Corporation and LLC paperwork, which is a mandatory document for getting your auction license. You might also need it for opening a bank account. You can get the LLC Paperwork via the internet; go to the Florida Department of State Division of Corporation website and follow the given steps to register online. Once you are finished you will receive an electronic copy of your business paperwork.

 

The next step is to receive a Sales Tax Number via the Florida Department of Revenue. Complete the DR-1, DR-11 and DR-13 forms – these are for tax collection permission, registration and annual resale permission, respectively. You will also be required to complete a dealership seminar to get registered in Florida. Attend the seminar for 16 hours, where you will be guided about the various steps in the registration process, and then submit the completion certificate to the authorities. To obtain an auction license you will need at least 16 hours of training at the seminar.

 

A very important point is to purchase or lease a legal location for your business operation. Get a good location and get it registered with the zoning authorities and the DMV. The DMV also requires you to complete the fingerprinting process.The fingerprinting cards can be obtained from the DMV offices. Complete an Original Surety Bond or Letter of Credit – these authenticate your repute as a dealer. Finally, submit the completed application form along with required documents and applicable fee to the Florida Department of Highway Safety and Motor Vehicles.

My Auto License is the best way to get your wholesale or retail dealer license. My Auto License ( http://www.myautolicense.com/ ) is best online source to get car dealer license, whole dealer license, motor vehicle dealer, automobile broker.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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