Buying items wholesale
Asked by: Edward Bustos - 15 December, 2011
What kind of license or permit do i need to obtain items wholesale, most likely online?
What kind of license or permit do i need to obtain items wholesale, most likely online?
Answered by: Ray Albert - 17 December, 2011
Edward,
In order to purchase items in wholesale, you would have to obtain a state sales tax vendor identification number, often referred to as a reseller's permit. If you live or are conducting your business in Alaska, Delaware, Montana, New Hampshire, or Oregon, you would not need to have this as state does not charge tax on purchased goods.
Keep in mind that you are required to resell most of the inventory you buy wholesale (thats why its called "reseller permit"). Details vary from state to state.
Edward,In order to purchase items in wholesale, you would have to obtain a state sales tax vendor identification number, often referred to as a reseller's permit. If you live or are conducting your business in Alaska, Delaware, Montana, New Hampshire, or Oregon, you would not need to have this as state does not charge tax on purchased goods.
Keep in mind that you are required to resell most of the inventory you buy wholesale (thats why its called "reseller permit"). Details vary from state to state.
