[Jewelry making - Article 00896] - Re: [Orchid] Wholesale to the trade question

[Judy Willingham]

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    Hello Orchidians, Catherine speaks the truth - You need to get a
    resale license... However, that means you have to start paying taxes
    on your sales - which you should be doing, anyway. 

    Beyond being the right thing to do, keeping the records lays the
    groundwork necessary to apply for a future business loan.  I've
    worked with folks who sell extra garden produce at the farmers'
    market.  Some resist, resent, and refuse to follow the law in
    collecting & paying state and local sales tax.  The day comes when
    they are doing so well that they wish to expand.  A small business
    loan is needed to do so.  At that point, they either have to confess
    to breaking the law - NOT what a bank wants to see - or try to
    qualify for a loan without any business history or collateral. 
    Having proper business and tax records brings credibility to your
    effort, and can be very helpful in the future. 	My US$.02 on that.
    Judy in Kansas 

Judy M. Willingham, R.S.
Biological and Agricultural Engineering
237 Seaton Hall
Kansas State University
Manhattan  KS  66506
(785) 532-2936

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