Suppliers not requiring Tax Id needed

Full Member
sobtjr
Posts: 3
Joined: 09 May 12
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12 May 12 07:45:25 pm
Are there drop shippers or wholesalers that do not require people to have a resellers licence or tax i. d. . I started a small bussness account at a bank in town . I was the only one so even though i have checks with my and company name i am not sure it was all done right. As a sole perpritor i do not know what i have to do to make sure everything is legal . Thank you for any advise anyone can offer. I need an extra 500.00 per month but do not want any tax problems again Thank you

Site Admin
fudjj
Posts: 5913
Joined: 27 Jul 07
Karma: 
12 May 12 09:59:44 pm
As a general rule, drop shippers won't require a tax id, but genuine wholesalers will. Of course when you buy wholesale, you buy in volume and pay less per item because of it, so wholesalers do require an account.

In regards to being a SP, that's straight forward. Just keep all your tax records nice and clean, and that's it. Always a good idea to speak with an accountant in setting up any business, so I would suggest that be your next step and they will be able to inform you of your taxation responsibilities.

Good luck with the new venture!


Mark (fudjj)

Community Manager
SaleHoo.com

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Full Member
beachdisney
Posts: 174
Joined: 24 Sep 07
Karma: 
13 May 12 03:01:55 am
Here are a few to try from my own list of favorites.

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www.midwesternwholesale.com
www.magazzinoitaliano.com
www.paywholesalerprices.com

The way I found these was to go to a category in the directory and open it. You will find the basic information for each supplier including the contents of your question. Hope this helps.

Dale.

Site Admin
irene_salehoo
Posts: 2578
Joined: 21 Mar 10
Karma: 
13 May 12 10:53:46 pm
Hi sobtjr,

Welcome to SaleHoo! You can actually filter the supplier search to those not requiring any Tax ID. Below the green search tab just click on More Options link and set this filter. If you can let us know what products you need drop shippers for we can help gather a list for you. :)


Irene
Site Admin
richelle_salehoo
Posts: 5226
Joined: 20 Oct 08
Karma: 
14 May 12 02:00:13 am
Hello and welcome to SaleHoo, sobtjr :)

Marc's right about everything being pretty simple when your business structure is Sole proprietorship. It requires little legal structure and allows you to take advantage of tax benefits. It works very well for a one-man operation working from home. However, you are held personally responsible for anything that might go wrong and there is no scalability.

You might find this Link hidden: Login to view and the links in there helpful.

All the best!


Richelle

Customer Support Manager
SaleHoo Group Limited
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