Full question:
As a private purchaser can I buy a product wholesale and redistributed it without special permission f any sort?
- Category: Small Business
- Date:
- State: New York
Answer:
If you are in the business of buying and selling, you need a sales tax ID and must register your business as required. If you are not in business but buy something at a wholesale price and resell it for more, that is not illegal. However, if you regularly engage in this practice, you are considered to be in business.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.