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Lego Selling
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✅ Licenses & Registrations You’ll Need to Sling Those Bricks (Legos, That Is)
✅ **LLC (Limited Liability Company)** – Puts a legal wall between you and your Lego empire. If a tiny foot gets stepped on a rogue brick, your personal assets won’t be on the line.
✅ **Seller's Permit** – Since you're selling tangible goods (aka colorful little plastic masterpieces), this lets you collect and remit sales tax. Online or in-person—yes, you need it.
✅ **EIN (Employer Identification Number)** – Think of it as your business's Social Security number. You'll use it for opening a biz bank account, paying yourself (even if you're solo), and filing taxes. Not just for hiring employees!
✅ **Business Name Registration (aka DBA, if not using LLC name)** – If you’re calling your shop “Brick Bounty” but your LLC is “Johnson Enterprises,” you need this. Keeps things legit and less confusing.
✅ **General Business License** – This gives you the basic okay to operate legally, even if you’re just flipping minifigs from your garage or a folding table at the flea market.
✅ **Occasional Use or Outdoor Vendor Permit** – For those flea market and pop-up booth days. Selling under the sun? You’ll probably need this little gem too.
✅ **Home Occupation Permit** – If your Lego lair is also your living room, this is your local government's way of blessing your couch-to-commerce operation.
✅ Do You Really Need All This? Yep, especially the **Seller's Permit** if you're charging folks for anything tangible. Even if it’s secondhand. The **LLC** is smart because it protects your personal assets—think of it like a force field for your finances. You don’t *have* to go LLC, but it adds a shiny layer of protection and street cred. An **S Corp** might save you on taxes *eventually*, but if you’re just getting started, LLC + EIN = solid combo move. |
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✅ Licenses & Permits Checklist
- Business License (Required for all businesses)
- DBA (Doing Business As) (If operating under a trade name)
- Seller’s Permit (To collect sales tax legally)
- Resale Certificate (For tax-free wholesale purchases)
- LLC/Corporation Registration (Optional for liability protection)
- Sales Tax ID (For remitting collected taxes)
- Local Vendor Permit (For flea markets & outdoor sales)
🔍 Brief Explanations A Business License is the baseline—everyone needs one. The DBA lets you operate under a catchy name like "BrickMaster Deals," while an LLC or Corp shields your personal assets. The Seller’s Permit and Sales Tax ID are your golden tickets to legally collect (and remit) sales tax. Want to buy Legos wholesale without tax? That’s where the Resale Certificate shines. And if you’re hawking sets at flea markets, a Local Vendor Permit keeps you street-legal.
💡 Pro Tip Obtain all licenses and registrations online—no need to leave your Lego fortress! While some permits depend on your sales volume or location, covering these bases means no pesky interruptions when you’re mid-build. Now, go forth and monetize those tiny plastic bricks! 🚀 |
| 🛠️ Start-Up Capital & Must-Have Gear💰 \$500 – \$2,000 should do the trick to start: * Used inventory * Storage bins * Label maker * Folding table and canopy for events * Inventory management app * Packaging supplies (bubble wrap + poly mailers = dream team) * Phone camera or decent lighting for listings
📊 Industry Stats to Geek Out On📦 The resale toy market is *building* fast (pun mildly intended): * The global LEGO resale market is worth **\$2 billion+** * Some rare minifigs resell for **\$100-\$500** each * Top sellers on platforms like eBay can pull in **\$50,000+ per year** flipping sets
✅ Where to Make it Official Obtain all licenses and registrations here online: Now stack those bricks and stack that paper. 😉 |
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