Please tell me about Tax ID Number and purchasing wholesale
I'm paying out the wazoo for my supplies. I'd love to be able to buy things at wholesale price for my side business. I see on many sites you need to have a Tax ID Number to purchase Wholesale and that it costs $150 in my state to get one.
From what I understand, the only time I need to tax anyone using my supplies would be if they're from my state. Otherwise, no taxes need to be collected.
Honestly, there's a lot I don't understand and wondering what the downside of having this would be. I would like to purchase my items at a good price so my profit is larger.
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