Thank you for your comments but I am afraid left my questions open to misintepretation. We have been in business for four years. We have a business plan as well the proper licensing and follow all known rules and regs.
You did bring up a good point Vasili:
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If Wholesale, you will still need to file regularly with the State to absolve you from tax liability.
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Not a problem at this point no matter how we sell (retail or wholesale) unless the customer is here in KY where tax must be charged on both the product and the shipping. In the case of wholeselling to a KY customer this would open up a whole new set of question. I'll get my Finance Manager to look at this aspect. (shouldn't be a problem since I'm married to him!)
Before offering "wholesale prices" we would need some verification that the customer was in fact a licensed reseller.
Chris:
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I personally would get more potential customers incentive to purchase with you and possibly form of co-operative/group buyers to give you more clout with the main wholesalers & better buying power.
The main wholesaler would much rather deal with one person than multiple small accounts.
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Co-op buying--I hadn't considered doing that in my business! I know that some of our small local hardware stores buy that way. I am not aware if my suppliers offer discounts for larger orders---just know that larger orders help lower shipping costs. We will inquire!
I would appreciate the following info if anyone here knows:
1) What does it take to call yourself a wholeseller?
2) If we should offer discounts to businesses, do we need to disclose that we are not 'wholesellers' or does that automatically make us one?