5 Tips To Start Your Rural Homesteading Business | Buy Low Sell High

The Basics Of Buying Wholesale And Selling Retail Buying wholesale and selling retail is a great way to start your rural homesteading business. In theory, buying wholesale and selling items at a profit is an easy way to start a home based business to make a good living. However, there is much more to running a business than just buying low and selling high. There are a few things you should know before selling those first products. 1.  Start Your Rural Homesteading Business: Tax ID The first thing you should do before selling any items is to obtain a federal tax identification number. You can apply for one on the Internet on the IRS website. Using a business tax ID makes it possible for you to open a bank account in your business’ name. And, it makes it much easier to separate your business income and personal income at tax…

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