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I buy pallets of liquidated merchandise from wholesale merchandisers and resale the items to the public on facebook marketplace. I will ship items but as of now only have local customers. I do pickups at my house. I want an LLC formation.
Answer: Hi, Sierra , Permits to Buy Wholesale And Resale It On Fb Marketplace and getting a business license for Liquidation Store are available here online.
Fees: the fees are $49 for most states, and yes, you need a business license.
In fact, here is what Licensing you Need in Somerset.
First you need the LLC certificate. Also, you can get your Resale License here online.
Regardless of merchandise, licensing for you business require that you get a wholesale license AKA seller's permit and getting a business license because all businesses need these 2 filings plus more depending on your specific situation.
WHAT IS A Wholesale or Resale Permit?
An Wholesale License is not for your type of wholesale only- it is the same as a seller's permit. If you are a home business, some jurisdictions require to get both a seller's permit and a business license.
The business license exists because the government wants to make sure you comply with business rules. For example, health practices etc.
On the other hand, a seller's permit is for businesses that want to buy or sell wholesale or sell resale.
In your case, buying 10 items at $10 each wholesale saves you $8 because @ 8% sales tax, that is how much you save. Nevertheless, you still need to collect the 8% when selling the items.
In addition, because you are using an assumed business name, also called a DBA (doing business as name) namely, "S N M Stuff N Such," is required to be registered with a DBA doing business as certificate, an LLC or a corporation.
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Do you need a license if you are selling things online ? E commerce So for selling clothes online you need a "sellers permit " yes I'll be running the business from home I'm not ready yet, I'm just getting all the info first.
Well I heard if u make so much a year baking from home u don't have to be licensed. No I can go through the agricultural dept and ask I want to find a place to find vegetalbes near cape canaveral, but not in a grocery store.
Hi my name isbvickie and I want to no what I need to sell candy and ect from my home do I need one if I am talking about products and signing people up. |
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Registering Your Own Small New Store Business
Most stores sell merchandise so the first thing is to get a sellers permit to buy merchandise wholesale and sell it retail.
Aside from that, you then need to select your business structure: Sole Proprietor, Partnership, LLC or Corporation.
The above step is important business all Store documents will be filed under the type of business organizational structure.
Of course, you can have a brick and mortar, road side, mobile or online store. All of these require the same licensing not because of the type of location but because there are all businesses.
After that, you will need to obtain a business permit.
This is a general business permit that all new businesses must obtain.
More than 31% of the GNP, though, less than $5,000,000.00 is generated through retail sales business.
Though less than 2 million retail businesses, there is about 1.6 ml retail stores not including online retail. Note that in the majority of the cases you do not need to obtain a business permit that is specifically for your type of business.
You only need a general business permit. In addition, all businesses must be identified by a business tax ID called a federal tax ID number or Employer Identification Number (EIN).
If you file as a sole proprietor, you can use your social security number instead of the federal ID.
Then, 99% of all stores require a sellers permit if you sell merchandise wholesale or retail. The sellers permit is also called state ID, wholesale ID, resale ID, or re-seller license.
If you are an employer, you will need a federal employer Number and a State Employer Number.
If you do business as a name other than your full legal name, for example, you do business as "ABC Discount Store," you will need to file a doing business as (DBA) filing.
Finally, you have the option or incorporating or forming an LLC. Setting up as one of these corporate entities allows you not to file a DBA. |
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