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22 June 2018, 09:45 AM | #1 |
Banned
Join Date: Jun 2018
Location: United States
Watch: 16713/116610LN
Posts: 46
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Question
Hello everyone, I am trying to get my LLC for my online watch company I am selling Pre-Owned Rolex Watches. I was wondering how do I not pay taxes on the watches that I buy? Would this be the license that I need to obtain in order to not pay taxes on the watches that I buy from stores?
https://www.dllr.state.md.us/license/pm/pmlicreq.shtml If anyone could help me out with this that would be amazing. I am almost finished working on my website but I just needed some help. |
22 June 2018, 09:59 AM | #2 |
"TRF" Member
Join Date: Feb 2018
Location: Abroad
Posts: 829
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Haven't you already asked this?
I wouldn't take tax advice from strangers on a forum, least of all when the forum is about watches not tax. |
22 June 2018, 10:12 AM | #3 |
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Join Date: Aug 2006
Real Name: Scott
Location: GMT -7
Watch: GMT's & Sub's
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In CA we call that a "sellers permit" not sure what it is called in other states. You will only need it for the state(s) that you are physically located in. It may change, but I can buy at wholesale w/o sales tax with this permit anywhere in the country.
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"The bitterness of poor quality remains long after the sweetness of lower price is forgotten." -Benjamin Franklin Member No. 922 |
22 June 2018, 10:15 AM | #4 |
2024 ROLEX DATEJUST41 X2 Pledge Member
Join Date: Jun 2015
Real Name: Carlos
Location: NNJ - MDE
Watch: Rolex & Omega
Posts: 3,372
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You need a reseller certificate.
It varies from state to state. Get in touch with the local chamber of commerce. They'll link you up with a group of people who can assist you. CPA or the like. Sent from my SM-N950U1 using Tapatalk
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