A resale business can be a great way to start your own business. Obtaining inventory is generally much cheaper than the cost of obtaining new inventory, and the low start-up cost means you can start seeing a profit soon. To get a resale business license, you simply follow the normal procedure for getting a business license as outlined by your state and local governments.
Find out about your state's business license requirements and how to register your business name. Each state has different regulations concerning business licensing and business name filing. Some states do not require that you file a fictitious name; most do. Follow the link in Resources below to find the licensing information for your state.
Check local business license regulations through the City Clerk or County Clerk's office. Almost every local municipality has some sort of licensing process. Contact your City Clerk or County Clerk to find out which ones apply to you.
Get a sales tax number through your state government. To have a resale business that sells items at retail, you will need a sales tax number. Contact your Secretary of State's office for the forms you need to fill out and submit in order to obtain a sales tax number, which will enable you to legally sell your inventory in a retail shop set-up.
Get a Federal Identification Number through the IRS if you plan to hire employees. Even if you only need a part-time helper, you need to have a Federal Identification Number, also known as an Employer Identification Number. You can complete the application through the IRS website; follow the link in Resources below.