Before making wholesale deals with various retailers, I’m interested in knowing how much a license costs for wholesaling.
The typical wholesale license costs $6,500 but can range from $3,000 to $10,000. A high variance may be due to your state's legislation or case-by-case regulations. Wholesale licenses involve business information, time, and money. Prepare for these steps: Get your EIN or FTIN (FTID). The government tracks your business's transactions using your FTID or EIN. If you have it, go to step 2. Second, get a tax ID. This document permits sales tax collection. Third, get a wholesale license. State-by-state, this stage varies. Make sure you provide all required information to your state's tax agency.
After investing the appropriate capital and completing legal documentation, you'll want to find suppliers. Wholesalers identify suppliers and their items through wholesale deals and directories. Here's a selection of wholesale directories to get you started.