Forums: Discussions for entrepreneurs and small business.

Im finnally taking it a step higher! I need some info as im a little confused. Im sure these questions seem ridiculous to most however im clueless.

1. What exactly is a resale certificate?
2. Can you buy wholesale with only a resalecertificate?
3. How much does it cost?
4. Do I need to pay taxes with a resales certificate?
5. Do I need to have any other business ids with a resale certificate?

I noticed I also need either a ssn or federal id, If I get a federal id or use my ssn will I need to pay taxes?

if it goes by state you live in im in Arizona. Thanks

Hi azbusiness -

I did a quick search and here`s a link to Arizona @ Your Service (Official Website of the State of Arizona). There are a lot of helpful small business links (Licensing and New Business Owner) located on the right hand side of the page:

http://az.gov/webapp/portal/topic.jsp?id=1158

Good luck to you!

 

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A resale certificate is related to Sales Tax only. It enables a company who is purchasing items for "resale" to purchase those items without paying sales tax on them because it requires the company to collect the sales tax when it resells the items and to send said tax to the state.

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oh, i get it now. Thanks

As a sole proprietor you can use your SSN as your Busienss Fed. TIN. However a TIN /EIN is free from SS.




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Greetings,

I`m researching to open a video game retail store in Ohio. I`m curious of how to attain a resale license and how much it is? Also if anybody knows of any good video game distributors.

Thank you,

Justin Boyd

Look here for who to call

you can also look here for more information http://tax.ohio.gov/divisions/sales_and_use/index.stm#licensefiling

Thank You!

Just some advice, I have seen wholesale rates and large and I mean large quanities have to be purchased to be able to get it as cheap some places online. I have seen....Game Quest Direct, SuperD, Ingram, VPD etc.

If you are just going to be a small shop do some price comparisons with some sellers out there. You will be surprised. Also, new video game mark ups are not that high and selling used video games usually pays off more in the long run.

places to try to find cheap games:

Google Shopping
Buy.com
eBay.com
Amazon.com
Half.com

when looking for example Amazon, dont buy from Amazon but from sellers on Amazon.

I highly recommend an online storefront along with your own website shopping cart to direct from your store front whether it is ebay or amazon. Fees can get really expensive on ebay and amazon and should primarily serve as marketing and getting new customers.

Offer better prices on your website.

I have done this for a collectibles niche I was in and worked well.

Good Luck!