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I want to make a Business but I don't know how?
I want To Go to walmart or Target etc buy makeup or Anything and Re sell it!
I do have EIN! number but do I need a business License??
7 Answers
- 2 months ago
Okay, I recommend Globalvisionuae, one of the best business consulting companies in the UAE. you can check out https://www.globalvisionuae.com/
you will undoubtedly benefit from it.
Source(s): https://www.globalvisionuae.com/ - ?Lv 62 months ago
Joanna, if you just started you do not need a business license until you have sold more than $3,000 worth of product. Until that point you call it HOBBY INCOME on your tax return.
You probably should not have gotten the EIN, you could have filed everything under your SSN. Now you are going to have to file a business tax return in addition to your personal tax return.If you just got the EIN go back on line and cancel it.If you are CERTAIN you will sell more than $3,000.00 of your stuff this year, KEEP the EIN and in December ask a friend who knows accounting to help you with the taxes...or call an accountant.
- Elaine MLv 72 months ago
You're paying retail price on those, who would buy that at even HIGHER prices from you and still have to pay the shipping? That makes no sense.
- STEVEN FLv 72 months ago
Your business has ALREADY FAILED. Why would any pay YOU more for exactly the same product THEY can buy from Wal-mart of Target?
- Anonymous2 months ago
Haha... This is funny.
- A HunchLv 72 months ago
Do you understand the concept of "profit"?
You have to sell it for more to make a profit.
If I can get it at Target and Walmart for less, why would I buy it from you?