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Hi Alan, I am planning to to online Amazon Arbitrage (FMB) if you are familure with this business model, I will:
1# open Canadian corporation, 2# Open Amazon seller account in Canada (Amazon.ca)
3# List items on Amazon.com, sell to US customer,
4# After sale order placed on Amazon.com, I will buy online clearance items from US suppliers (like WalMart/ Sam'sClub)
#5 WalMart will ship it directly to the US address.
Question please:
1# as mentioned in the subject, can I apply for reseller certificate, so WalMart verify that I am B2B and exempt charging me sales tax?
2# Do I need EIN, open LLC to apply for this certificate?
3# If the answer no need for LLC, then I will include my business profit in my Canadian tax return, is there any need to file income tax return with the IRS?
Thanks
Adam
No, you do not need to open a US entity. You can do business with Amazon.com through a Canadian corporation. Make sure you apply for a US EIN for your Canadian corporation and provide this number to Amazon.com