Retal and Wholesale
Whether you start a Retail or wholesale business, you will need at least a wholesale license which can be used both to sell retail or wholesale. The difference is that you have to collect sales tax if you sell retail. Selecting the right Retal and Wholesale tax structure can be a difficult project when starting your own small new business. Most small business advisors will tell you that a C Corporation results in higher tax payments because of double taxation. The LLC (limited liability company) and S Corporation are the latest structures if you want to avoid double taxation because with an LLC, you are taxed like a sole proprietor or partnership.
There are about 25 to 30 million Retal and Wholesale businesses
and nline retail sales, last year, U.S. e-commerce sales amounted to $300 billion . The most online merchandise sold, was sold by retail shopping websites however, which earned 186.2 billion U.S. dollars in 2013.
All retail and wholesale businesses need at least a business license and a federal tax ID as well.
Online retail sales amounted to 300 billion U.S. dollars. The most online merchandise sold, was sold by retail shopping websites however, which earned 185.2 billion U.S. dollars last year.