Thursday, October 9, 2014

Buy Collectible Miniatures Wholesale

Collectible minatures is a broad category including the purely decorative as well as games.


Buying collectible miniatures at wholesale prices requires becoming a legally recognized reseller. Some miniature manufacturers require you to have a physical store front, while others will allow you to sell online or through other channels.


Instructions


Obtain a tax identification number


1. People collect all sorts of different miniatures.


Since individuals cannot buy miniatures wholesale, you must incorporate as a business and obtain a federal tax identification number. There are a number of online services that will help with this or it can be done by a lawyer. Fees for incorporating vary by state.


2. Use your newly acquired tax identification number to set up a bank account in the name of your business.


3. Obtain a resale certificate from your state. A resale certificate is the proof required by the manufacturer that you are legally allowed to buy items for resale. Without a resale certificate, you will have to pay sales tax on any items you buy and you will not be offered wholesale prices.


4. If you seek to buy with credit terms, i.e. being billed and not paying up front, you will need to create a sheet with credit references.


5. Contact the manufacturers who make the product you wish to buy. Some will sell to you directly (provided you have completed the steps above) and others will direct you to a distributor which handles sales of their products.


6. Place an order for the miniatures you wish to buy.

Tags: identification number, resale certificate, miniatures wholesale, others will, wholesale prices, with credit