Is a NYS Resale Certificate the same as a Tax Exempt Certificate? Going to BJs Soon, Not sure what to have. Very confused about this new business thing.
They are not the same.
A resale certificate is used by a business, and is used only for purchasing things that you intend to sell later. You are not allowed to use it for purchasing thing that you intend to use.
A tax-exempt certificate is used by a charity or non-profit organization to purchase things for its use. You are not allowed to use it for purchasing things for your business or for yourself.