There are several types of businesses you can choose to venture into depending on your interests, passion and what is profitable in your area. Choosing to do something you love is advisable since it helps in making sure your interest with the business remains the same. That is important for you to be encouraged continuously with working for it.
Among the possible choices of business you could do is being involved with the buying and selling of vehicles. Get a wholesale dealers license online for you to have the permission and capability in doing these in your state. This is normally applicable with other states as well since you do not sell them on a retail basis.
Having a wholesale dealers license means you are only allowed to sell vehicles to dealerships and not to the public. You can only do your buying and selling with a licensed dealer or an auto auction so be careful in doing business with others. Check their credentials first before having a transaction with them to ensure the legality of the process.
You normally have the full export capabilities when you own this kind of license and the titles of your cars will not be stamped as export only. This also allows you to have an exclusive access to some dealer auctions that are available just to those licensed dealers. Having this is an advantage because these events usually have the better deals when it comes to vehicles.
There are many requirements and forms you must comply and complete first in applying for this license which are required by the Department of Motor Vehicles. Download the form appropriate for the type of permit you want to apply for and print them for submission. You may fill them up before printing them.
Check the DMV website for a list of requirements you need to prepare such as providing a proof of passing successfully the test they administered. You should have completed also the education program they provide to applicants by providing the certificate of completion. Other documents are needed depending upon the nature of your business ownership so determine which ones are applicable.
You must also submit a photograph of your business location where you would be conducting the deals you will make. Then arrange an appointment with the Occupational Licensing Inspector so that they can come to visit your place and do their inspection. The office should be constructed in a way that it is not temporary, mobile or transitory.
This means your office must not be capable of relocating the whole structure itself or in case of a trailer coach, it should not be part of your vehicle inventory. The place is required to be occupied either during regular periods or continuously by yourself as the dealer. Though you do not need to have a display area since you are dealing in wholesale transactions.
Aside from the required documents you can get from the DMV, some could be acquired from other government agencies. Find out which ones are necessary for your endeavor. Complete them to start doing your business.