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  #1  
Old 10-16-2019, 11:55 AM
sports-rings's Avatar
sports-rings sports-rings is offline
Mi_ch.ael Bo,rk_in
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Quote:
Originally Posted by Peter_Spaeth View Post
The HOUSE does not pay BP, or if it does, it pays it to itself.
Chris did say he and the employees do pay the bp and sales tax.

I would imagine if employees are in the business of buying and selling, they could easily incorporate, fill out resale certificates and not have to pay sales tax.

The small costs of incorporating and maintaining a business could be far smaller than the sales tax Chris mentioned that he and the Heritage employees pay.

But when Heritage the company, buys an item, I would imagine they are not paying sales tax (because the item would be for resale), and if they are writing a check to Heritage or a BP, then the BP fee is a wash since they are writing the check to themselves.
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Old 10-16-2019, 01:34 PM
steve B steve B is offline
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Quote:
Originally Posted by sports-rings View Post
Chris did say he and the employees do pay the bp and sales tax.

I would imagine if employees are in the business of buying and selling, they could easily incorporate, fill out resale certificates and not have to pay sales tax.

The small costs of incorporating and maintaining a business could be far smaller than the sales tax Chris mentioned that he and the Heritage employees pay.

But when Heritage the company, buys an item, I would imagine they are not paying sales tax (because the item would be for resale), and if they are writing a check to Heritage or a BP, then the BP fee is a wash since they are writing the check to themselves.
Why would they have to incorporate?
I had a tax number for a while, no incorporation, and all I had to do was fill out a form online. Totally free except for the effort to track that I had exactly 0 in-state sales over 2-3 years.
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