Where do you obtain NC wholesale license?

Answer 1

The first step is to get a State Business License. File the forms at your county auditors department. Depending upon the occupation separate accredititions or certifications maybe needed by the vendor or business which you would like to purchase wholesale materials.

If you buy wholesale there is still certain taxable and non-taxable items that can be provided to the end user. Make sure to keep track of the items purchased at wholesale and there end use for tax purposes.

Without the aid of valid information and contacts, finding products to sell at online auctions or web stores can become a frustrating and unprofitable nightmare. The advantage of knowing the real facts now, can save you both time and money!

Most people seeking legitimate wholesale products online have probably heard about many an eBay success story. These are the entrepreneurs who have found reputable wholesale companies to do their business with. The problem that exists for most potential auction sellers, is finding an honest, certified source of wholesale products that are free of markup costs, and come directly from either the distributor or even the factory itself. In the real world of online wholesaling, there exists an overwhelming amount of fraud and low rent middlemen, interested only in 'your' money.

Most valid and reputable wholesale product suppliers require that the people they do business with actually own or operate a small business. This includes but is not limited to, the possession of a small business license needed to operate a business that sells products or wholesale items online, from their State, Province or Territory. The acquisition of such a license or permit is not difficult to obtain, and is rather inexpensive. Practically anyone can apply, and it validates the home business entrepreneur as a real viable online entity that can be trusted. The schemers who are rarely equipped to do proper business through proper channels, practically never explain this. Again this is something that isn't obvious to most people, but is a vital, and potentially legal part of online wholesale marketing.

Failing to find genuine wholesale product sources for your online business can often mean the difference between making money, or losing it. It has been estimated by several sources that scams make up about 98% of all 'drop ship' and 'wholesale' Search Engine listings. The ability to choose between a factory authorized wholesaler and a con operation is of paramount importance to your success.

One must seek out publishers of Drop Shippers and Bulk Wholesalers that are eBay Certified Solution Providers, and certified Developers that are in good standing with the Better Business Bureau Online Reliability Program. These companies actually do exist, and can supply anyone with free information to help online retailers learn more about Real Wholesale Product Sourcing, and eBay Certified solutions!

Gett a tax id number...go to your local chamber of commerce and they will help you

Here's a nifty little article I found on the web:

Let's start with the basic business license. Most cities and/or counties may require that if you are starting a business you will need to first acquire a business license.

What is a business license?

By definition a business license is a legal authorization in document form issued by municipal and/or state governments and required for business operations. Don't get this confused with DBA.

So then what is a DBA?

DBA is an abbreviation for "doing business as." Certain jurisdictions may also use the terms fictitious business name, trade name or assumed name. DBA registration is necessary if your business operates under a name other than its legal name.

For a corporation, LLC, or other state registered entity, the legal name is the name on the filed articles. For all other business entities, the legal name is the personal name of the business owner or owners. Conducting business and opening a bank account under any name other than your legal business name is only possible after fulfilling your state's DBA filing requirement.

And what if you are selling items? Do most states require a state seller's permit?

If you sell, lease personal property or sell taxable services at a retail or wholesale level, you are required to obtain a Seller's Permit. If you have more than one location where sales are made, a separate license is required for each location.

You must obtain a State Employer Identification Number Also Called a State Tax Id EIN if you:

Pay wages to one or more employees

If your business is a corporation and you are an employee of the corporation (recommended so you can obtain all the tax free and deductible corporate fringe benefits)

if you are a sole owner and the sole employee of your business getting an EIN is not required as long as you report the financial results of your business on Form 1040, Schedule C. The IRS and the Social Security use your social security number to track self-employment tax.

A federal tax identification number (also know as an employer identification number or EIN), is a number assigned solely to your business by the IRS. Your tax ID number is used to identify your business to several federal agencies responsible for the regulation of business.

Any business offering products or services that are taxed in any way must get a federal tax ID number.

Here are some important resources to remember when filing for any of the above documents mentioned in this article. Just refer to the link below to get not only just in-depth information, but also excellent professional assistance. You won't be disappointed.

Answer 2

The first step is to get a State Business License. File the forms at your county auditors department. Depending upon the occupation separate accredititions or certifications maybe needed by the vendor or business which you would like to purchase wholesale materials.

If you buy wholesale there is still certain taxable and non-taxable items that can be provided to the end user. Make sure to keep track of the items purchased at wholesale and there end use for tax purposes.