Comments on: Sellers Permit aka Game Changer

By: FreeMan

FreeMan — Wed, 31 Mar 2010 00:45:16 +0000

Find the manufacturer of the items you want and call the number. They will tell you if they have a distributor in the area for that product. Then you can contact them directly and set up a order.

Sam’s club is like the liquor store they just carry the items. You have to talk to Frito Lay’s if you want to buy Doritos Wholesale.

By: EMAN

EMAN — Wed, 31 Mar 2010 00:16:25 +0000

Sams club states they do not give a wholesale price. All they give tax free with sellers permit,resale cert, etc. Where does everyone get items wholesale?

By: FreeMan

FreeMan — Tue, 30 Mar 2010 02:32:43 +0000

Once you change the entity it needs it’s own numbers and permits. There is not way to transfer them. So you can start the other and then stop using the Sole Prop and call to cancel the IRS number and every permit.

So start the Sole Prop to get off the ground and then start the S-Corp once you get the ball rolling. Once the S-Corp is set up you can do all the permits while your Sole Prop is still doing it’s thing.

So one doesn’t cancel out the other. So there’s no timing issue.

By: EMAN

EMAN — Tue, 30 Mar 2010 02:19:11 +0000

Also can I register under a sole proprietor for (EIN,SALES AND USE TAX, RESALE CERT) And later change the entity? I need to get started to make some chips.

By: FreeMan

FreeMan — Sun, 28 Mar 2010 23:57:22 +0000

You can be a sole proprietorship so NO you don’t have to be a LLC or a INC to get one. So EMAN dba About Mines Barber Shop can get a wholesale permit too.

Usually they change the prices at the register because all the people who buy wholesale are the people who own restaurants. So they want them to come in there instead of getting tomato sauce from some other place. I haven’t been in Sam’s Club in a while but I know they used to have wholesale prices. Give them a call and I’m sure they’ll let you know.

Anything can be purchased wholesale from furniture to candy bars. Wholesale just means you plan to resell it so they give you a cheaper price and they do it without taxes. The state assumes your going to collect taxes when you sell it so it’s a lower price and tax free.

By: EMAN

EMAN — Sun, 28 Mar 2010 23:19:57 +0000

Does a business have to be a entity (llc,inc) or to get a resale cert or just have trade name with the state on file until the entity is filed? Has anyone went into or call sam’s club about wholesale pricing? Does it matter what you can buy or can anything be purchased?

By: Keish

Keish — Mon, 08 Feb 2010 16:03:09 +0000

Sounds good, I’ll let you know how it works out for me :~)

By: FreeMan

FreeMan — Mon, 08 Feb 2010 15:36:16 +0000

NOPE in fact Sam’s club will cost you less because they have wholesale prices for vendors. They want the guy who owns the restaurant to come there so they like people with Resale permits. You’ll see they’ll give you a discount off the price listed as it’s a wholesale price. Plus you won’t have to pay any taxes!

By: Keish

Keish — Mon, 08 Feb 2010 15:25:44 +0000

Ok, thanks guys, I got it now. The vendor/peddler license is for ppl to sell / hand out things on the street without getting ticketed.

The Resale Cert / Sellers Permit is to buy things in bulk. Is this all I need to buy and sell???

And, if I only have a Sam’s membership, will I get charged a higher price than if I go into Sam’s with a Resale Cert?

By: ed

ed — Sat, 06 Feb 2010 18:33:16 +0000

Keish,

The peddler license you are referring to is called a “vendor license” which is seperate from a reseller license.

The “vendor license” is what allows people to do things like sell pigeon meat disguised as hot dogs on carts in Manhattan or pass out business flyers.

If you are a veteran, you can get a vendor license for free in some places, I believe including NYC.

The reason why I know about this because I’m working on an SMS service and will contract the flyer service to cats who need a “vendor license” to pass out flyers in NYC and LA.