How to Locate Wholesale Suppliers

When setting up a retail business, one of the most daunting tasks can be locating and establishing accounts with wholesale suppliers. But this process doesn’t have to put a kink in your business plans. Here’s how to get going.

Licensing

In order to purchase products at wholesale prices and without paying sales tax, you will need to apply for a resale license (in addition to a standard business license). Holders of a resale license must collect and report sales tax monthly or quarterly, depending on local regulations. Contact your county business licensing division to apply for your license. Vendors may ask for a copy of the license or just your assigned license number in order to comply with government regulations, so be sure to keep this information handy.

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