Throughout the state of Florida private parties buy and sell automobiles with regularity. Individuals may post signs in their vehicle windows to let others know that they would like to sell them, and buyers may contact sellers with offers of purchase. Private individuals can transfer vehicle titles between each other once their sales are finalized and can enjoy the profits of their ventures once they are rid of their cars.
These informal situations do not often require individuals to secure auto dealer licenses. In Florida an entity must obtain an automobile dealer’s license if it buys, sells, or deals in three or more motor vehicles within a 12-month period of time. Buying and selling includes offering and displaying for sale motor vehicles and unless a private person turns over many cars each year they likely will not need a license to sell their individual vehicle.
Getting an auto dealer’s license can be a process and it is important that those who need them meet all of the requirements mandated under the law. Many of the requirements relate to ensuring employment matters are handled and that the pending dealership will have a sales tax number from the Florida Department of Revenue. Prospective dealers may also have to take training courses to ensure that they understand the laws that govern their desired businesses.
Opening an auto dealership can be an exciting event for a Florida resident but it can also be a complicated process. Attorneys who work in the auto dealership field of law understand what individuals must do to obtain their licenses so that they can open and operate the businesses of their intentions. Support from these professionals may benefit men and women who are investigating dealership opportunities in their communities.