Business License Compliance Package (BLCp)TM
We do the research and provide you with all the licensing requirements and forms. For just $139 per location, you get the licensing and permit answers you need to keep your business in compliance.
With our Business License Compliance Package, we’ll research your business so we can tell you which business licenses, permits, and tax registrations you need for your geographical location and type of business. We also include the actual applications, so you can quickly take care of your compliance requirements.
Call 888-449-2638 to order your Business License Compliance Package (BLCp)TM!
If you start a business selling or trading secondhand (used) items, you may need a secondhand dealer – pawnbroker license to operate. You’ll also need a secondhand dealer license if you sell new items but also buy and sell secondhand items of the same type or class as the new items you sell. Additionally, if you sell items at a flea market or other temporary location.
If you’re not sure if you qualify for a pawnbroker license, ask your business licensing agency to clarify.
Applying for Your Pawn Shop License
Before you start buying or selling used or secondhand items, you must apply for your pawnbroker license. Start by contacting your city’s business licenses, permits & tax division to get a pawnbroker license or secondhand dealer license. The requirements for the business license may vary from state to state, but you will most likely need to include the following in your application:
- Secondhand dealer or pawnbroker license application
- Background check or fingerprint
- Surety bond (for pawnbrokers only)
- Pawn shop license application fee
Your state will have a required minimum for the surety bond as part of your secondhand dealer license application.
Other Considerations for Your Pawnbroker License
As a business owner, you may also be required to apply for other business licenses, certificate of authority, or sales tax registration before you can start selling and buying items.
Also keep up with your renewal fees so that your pawnbroker license is always up-to-date. Not having your license updated puts you at risk of being fined or even shut down, so mark your calendar so that you’re always compliant.