A California resale certificate is a legal document that enables a company to buy products without paying sales tax. The California State Board of Equalization (BOE) issued the certificate, which is valid until it is revoked or terminated. The certificate is not redeemable for personal purchases; it is only good for purchases bought for resale.
Yes, you can make wholesale purchases using your EIN number. A nine-digit number called an EIN, also called an Employer Identification Number, is given to a corporate organization by the IRS to identify it. Businesses need the EIN number for tax purposes and to open bank accounts, file tax reports, and apply for company licenses and permits. Is it Possible to Buy Wholesale Without a Business? No, you need a business to purchase wholesale. A business license is necessary to conduct wholesale purchases because they are made exclusively for resale. However, if you’re an individual trying to buy products at a reduced price, you might be able to locate bargains by shopping on online auction sites or buying clearance goods. What Do I Need to Do to Start Selling Wholesale? You must first acquire a business license and resale certificate before you can begin selling wholesale. Once you have these documentation, you can start ordering products from wholesalers. It’s critical to investigate the wholesale industry and identify the goods that will make your company money. To meet wholesalers and broaden your business network, you can also go to trade exhibits and networking gatherings.