Small business answers — NOW!

License for startup

Question
Do I need a license to buy wholesale and then sell retail? 
Answer
In most industries, to buy wholesale you have to establish relationships with vendors or manufacturers, who will be more interested in your financial status than your licenses.

The retail part will probably require that you have a business license, as required by state and local laws.

Two notable exception are:

1. Used car dealers, who must have a state license to buy cars wholesale, at an auction for instance.

2. Construction contractors, including general and individual trades, like electrical and plumbing.

There may be other exceptions, so be sure to check state and local statutes. 
 
Related Categories: Entrepreneurship, Legal
© 2007, Small Business Network, Inc., All Rights Reserved.
Subject to the Terms of Use of AskJim.biz
Print this page   Bookmark this page   E-mail this page to a friend   Go back to previous page
AskJim ID: 222