I'd like opinions on the Amazon Business Accounts for Lego reselling. Since many of the deals and no-limits buying seems to be coming into the Business Accounts.
I assume I wouldn't have any problems getting an account and I've had a reseller certificate for years if I wanted to submit that as an option.
Right now, I ship more out of state than in state, so I don't charge in-state customers sales tax since I more than offset all the necessary collected sales taxes with originally paid sales taxes. Even with the offset, I'm leaving money on the table that the state gladly keeps.
I haven't ever tried to avoid sales taxes with the retailers in order to stay below their reseller radar as much as possible.
But, if Amazon welcomes Lego purchases, then I expect the percentage of sales wouldn't change my formula if I bought from Amazon and got out of sales tax -- I'd still have paid more sales tax from TRU, Target, Walmart, etc... than I was obligated to collect from in-state buyers.
So, I guess two questions.
Are there any drawbacks to signing up for the Amazon Business Account?
Are there any drawbacks to also submitting my reseller permit?
Seems they welcome personal prime accounts (have of course) applied to their business accounts so I'd take advantage of that too.
I'm having trouble seeing any cons in this equation. Definitely a bunch of pros. Just want to make sure before I make the plunge.
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I'd like opinions on the Amazon Business Accounts for Lego reselling. Since many of the deals and no-limits buying seems to be coming into the Business Accounts.
I assume I wouldn't have any problems getting an account and I've had a reseller certificate for years if I wanted to submit that as an option.
Right now, I ship more out of state than in state, so I don't charge in-state customers sales tax since I more than offset all the necessary collected sales taxes with originally paid sales taxes. Even with the offset, I'm leaving money on the table that the state gladly keeps.
I haven't ever tried to avoid sales taxes with the retailers in order to stay below their reseller radar as much as possible.
But, if Amazon welcomes Lego purchases, then I expect the percentage of sales wouldn't change my formula if I bought from Amazon and got out of sales tax -- I'd still have paid more sales tax from TRU, Target, Walmart, etc... than I was obligated to collect from in-state buyers.
So, I guess two questions.
Are there any drawbacks to signing up for the Amazon Business Account?
Are there any drawbacks to also submitting my reseller permit?
Seems they welcome personal prime accounts (have of course) applied to their business accounts so I'd take advantage of that too.
I'm having trouble seeing any cons in this equation. Definitely a bunch of pros. Just want to make sure before I make the plunge.
Thanks!