A common misconception in the wholesale industry is the belief that a business license and tax ID are mandatory for success. This simply isn’t true. While incorporating your wholesale or reselling business necessitates these credentials, they aren’t always required, especially when starting out.
If you anticipate substantial monthly sales, say over $100,000, then obtaining a business license becomes crucial. However, many wholesalers and distributors readily offer competitive deals on wholesale merchandise, in both individual and bulk quantities, without demanding these documents.
Reselling and wholesale operations are governed by diverse regulations across various states. This doesn’t automatically translate to needing a business license to participate in wholesale selling.
Consider MaxamWholesale.com, a prominent wholesaler operating for decades. They don’t require a business license or tax ID for resellers. While many wholesalers with online platforms request this information, there’s a workaround: direct communication.
Contact the wholesaler by phone. Express your keen interest in obtaining wholesale pricing information to facilitate immediate purchasing decisions. In most cases (over 90%), they will promptly provide a wholesale catalog via mail or grant you a username and password for online access. Once you’ve gained access and clarified your intentions, you can commence purchasing directly from the wholesaler or distributor, online or by phone, without a business license or tax identification number.