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!
Qualifying for Your Precious Metals Dealer License
Each state has its own requirements for issuing a business license, but as an example, Ohio requires applicants to be of “good character” and have experience working with precious metals. The state also requires applicants to have a net worth of at least ten thousand dollars and the ability to maintain that net worth while actively using the precious metals license.
When applying for your precious metals dealer license, you will be asked to provide a copy of your surety bond, which provides payment to any client should you fail to deliver upon a promise with your business.
Other Responsibilities for a Precious Metals Dealer
Once you get approved for your precious metals license, you will be responsible for renewing it annually and paying the fee every year. You are also required by law to keep accurate records of all sales and purchases of precious metals. You may also need to submit a daily report of all items purchased by your business to the police, as many thieves often sell their spoils to pawn shops, jewelry stores, and coin dealers.