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Old 04-25-2011, 11:31 AM
 
262 posts, read 580,762 times
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I'm trying to make a profit this summer.
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Old 04-25-2011, 11:33 AM
 
Location: Hougary, Texberta
9,023 posts, read 11,985,152 times
Reputation: 10930
Ask yourself why it would be illegal?
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Old 04-25-2011, 11:34 AM
 
1,646 posts, read 2,185,513 times
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why would it be illegal?
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Old 04-25-2011, 11:55 AM
 
161 posts, read 367,495 times
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No, as long as you don't misrepresent the items as being something other than what they are --for example, brand new LOL
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Old 04-25-2011, 11:59 AM
 
Location: Baltimore
1,802 posts, read 7,579,431 times
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Perfectly legal. But if you are going to do this as a business, you must make sure that you are in compliance with your state's laws as far as sales and use tax and other requirements. Many states have an exemption for a casual and isolated sale, so someone who perodically cleans out the garage or basement and sells their belongings is exempt from the requirement to be registered to collect sales tax. But if you're going to do it as a source of regular income, your sales won't qualify as casual and isolated.
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Old 04-25-2011, 12:06 PM
 
48,508 posts, read 87,636,477 times
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If you ever where able to observe many of thrift shops at yard sells to resell themsslves.
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Old 04-25-2011, 12:09 PM
 
Location: Denver
1,788 posts, read 2,118,762 times
Reputation: 1057
Quote:
Originally Posted by texdav View Post
If you ever where able to observe many of thrift shops at yard sells to resell themsslves.
I have not understood a single post of yours. How about logging off and studying remedial english?
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Old 04-25-2011, 12:30 PM
 
262 posts, read 580,762 times
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I don't really want to set up a business. Can I just sell them on a street somewhere.. lol.

I don't even know how to do taxes let alone business taxes. Why do things have to be so complicated..
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Old 04-25-2011, 04:46 PM
 
1,096 posts, read 4,218,049 times
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Quote:
Originally Posted by Beilua Rose View Post
I'm trying to make a profit this summer.
It's not illegal but got some food for thought. The resale shop owner is in business to try to make money right? He also has a brick and mortar store he has to pay for rent, electric, employees, taxes.

If you buy from a resale shop owner your paying all that markup, why not try to get goods before they have already been marked up by 2-3 people?

Go to garage sales, people arent' trying to make a big profit just clear some crap out of their basement and you'll surprisingly find some good stuff.

How about storage auctions? You buy a whole unit full of stuff for a few hundred bucks and have all that stuff to flip. Could be some household crap could be electronics, gold, collectibles, anqiques, etc. You can find out about upcomming auctions at www.freestorageauctionlists.com. You can find some pretty good stuff at these auctions, if you have watched storage wars you know what I mean though that is a big exaggeration over what its really like.

My point being dont buy from a store buy from garage sales, craigslist, storage auctions, police auctions, etc.
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Old 04-25-2011, 07:51 PM
 
28,900 posts, read 48,676,408 times
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How do you think antique stores make money?
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