Monday, June 22, 2009

Do you need a license to sell your stockpile??

I was having coffee with my father on Saturday and telling him how I missed out on selling my stockpile at the Happy Valley garage sales, he then pointed something out to me that I have never thought of before:

*Do you need a business license or a license from the city if your intent is to resale your brand new items you just bought? *
Even if it's at a garage sale my father pointed out that it could be considered (your garage) a store especially if you buy the items we usually get for free with the purpose of re-selling them to make some $$.
After discussing this with him we both came up with an answer of this is something that is a gray area. My intent is not to resell all of my stock, but yes I know I can resell it if I want to. I feel I am being honest in what I do and forthcoming to the people who buy my stuff.

So my question to all you readers, what do you think about this? I think it is worth a call to the city ( I plan on making later) just to make sure I'm not breaking any laws. I want to give all my readers and viewers honest information, so that is why I'm throwing this question out to everyone!

Please do leave a comment with your ideas on it:-)



1 comment:

Amy said...

That is an interesting thought. Let me know what you find out. I was thinking that for tax reasons this would be considered a hobby and therefore it would not be necessary to track buying and spending. I think if you aren't making hoards of money and if your main purpose is not to buy to sell, then maybe its ok without the license? I'd love to hear a final answer though, so let us know!!