Chosen by Asker

in any matter of business a license is required, even if you are a street vendor. It doesn't cost alot and will take a few weeks to receive in some cases. In the sales of DVD's make sure that you are not bootlegging as this is illegal, deal with a credible and reputable supplier and keep your records meticulously of orders filled and retail out as well as your books. You will need to decide if you are going to be a corporation or a partnership. If you opt for corporation, consider an S corporation where you will employ 10 or less employees and receive major tax breaks until you reach a certain quota in income from sales. research everything about this type of business and If you go with S corp, (stock) then, you can offer investors the opportunity to invest and receive a return. S corps are their own entity and if your small business does't make it successful, you can close it without anything owing on your part.

by anthony h

2 months ago

Asker's Rating: 

Yes you are absolutely required to have a business license and a tax id in order to work with real wholesalers. They don't charge you any taxes, you are the one who's collecting taxes from your customer.

by Dmitriy- 2 months ago