Storage Auctions

Compliance with the law in California

Compliance with the law in California
« on: July 14, 2011, 06:12:46 PM »
For those in California...

Is this business a "secondhand dealer" business as described in CA Business & Professions Code Section 21626? (see http://leginfo.ca.gov/cgi-bin/waisgate?WAISdocID=68514516431+0+0+0&WAISaction=retrieve)

I sure hope not as the requirements of this article would totally dissuade me from starting in on this.

I told you all I research things thoroughly before I get involved...  :P

Offline MovieMan

  • *******
  • 4175
    • View Profile
Re: Compliance with the law in California
« Reply #1 on: July 14, 2011, 06:19:59 PM »
For those in California...

Is this business a "secondhand dealer" business as described in CA Business & Professions Code Section 21626?

I told you all I research things thoroughly before I get involved...  :P

Sorry, I don't have time to read the code; I'm too busy making money selling on clist, ebay and at a flea market.

The Board of Equalization has never said anything to me about how I get the money to pay the sales tax I generate for the state. Maybe if I had a BRICK and MORTAR store it would be a different matter.

Also, I think it MAY be possible to overthink something, but that is just my opinion.

Re: Compliance with the law in California
« Reply #2 on: July 14, 2011, 06:24:38 PM »
Good point on the overthinking... I just don't want to do anything that no one else is doing, but, I don't want to be caught short either. 

I figured this would be the answer since nothing I have read on this topic has ever mentioned laws other than where guns and drugs are concerned.

Offline Travis

  • *****
  • 5483
  • Every storage unit he buys yields treasure.
    • View Profile
    • AuctionsTX.com
    • Email
Re: Compliance with the law in California
« Reply #3 on: July 14, 2011, 07:53:43 PM »
IRS: We’ve got what it takes to take what you’ve got.

Just pay the sales tax upfront and bury your money in the back yard. That way when they take your house you can still get to the money.


xx
Hi from California

Started by NewBuyer

8 Replies
2077 Views
Last post June 27, 2011, 09:38:32 AM
by MovieMan
xx
Hello from California

Started by Charli

1 Replies
1495 Views
Last post April 01, 2013, 11:54:30 AM
by Travis
xx
Hello from California

Started by stanleywhatnots

2 Replies
1233 Views
Last post July 11, 2011, 06:58:26 PM
by MovieMan
xx
Hello from California

Started by MikeMilez

11 Replies
2743 Views
Last post March 17, 2015, 02:29:51 AM
by Henry