Wholesale & eBay Forum General Selling Advice & Tips Do you need to have a buisness to buy from a wholesaler?

Do you need to have a buisness to buy from a wholesaler?


t-parry
Full Member
  • Posts: 2
  • Joined: 19 Nov 08
  • Karma:
21 Nov 08 02:38:07 pm
Hi im new and im wondering if i need to have a buisness and if so how i can register one.


fudjj
Site Admin
  • Posts: 6294
  • Joined: 27 Jul 07
  • Karma:
21 Nov 08 10:38:09 pm
Most larger genuine wholesalers may require a tax id to indicate you are a legit trading entity. As a general rule where a tax id is not required to purchase, they are not genuine wholesalers, just a middle men businesses.......and that of course means that you will be paying a premium price, not genuine wholesale.

In Australia you would require what is called an ABN, and you would need to apply through the ATO to get one, however they are free. If you are not in Oz, then just contact your local business licensing authourity for assistance.


Mark (fudjj)

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kydreamsllc
Free Member
  • Posts: 4
  • Joined: 11 Mar 10
  • Karma:
12 Dec 08 09:07:41 pm
First you'll need to call the business license division in the state you reside in to see if the name you want to use is available. Then register that name in your state. Then contact the irs to get a tax ein, decide what type of business you want to form, corporation, LLC, etc. The above steps will get you started.


 

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