- Jurisdiction
- New York
Hi there,
My husband and I have started an online based business that "sells" used high end cinema equipment.
To be more exact, we find buyers and match them with sellers and collect a fee for doing so. We dont "sell " the way re-seller does. Its almost like consignment sales but we are brokering the deals. WE do not buy equipment nor do we hold inventory of any kind. We serve as escrow between buyer and seller. We work from home on our laptops and our business is 100% remote.
I've been given conflicting info whether or not we need to be collecting a sales tax. We currently reside in New York.
Any info/insight on this is highly appreciated!! Thank you!
My husband and I have started an online based business that "sells" used high end cinema equipment.
To be more exact, we find buyers and match them with sellers and collect a fee for doing so. We dont "sell " the way re-seller does. Its almost like consignment sales but we are brokering the deals. WE do not buy equipment nor do we hold inventory of any kind. We serve as escrow between buyer and seller. We work from home on our laptops and our business is 100% remote.
I've been given conflicting info whether or not we need to be collecting a sales tax. We currently reside in New York.
Any info/insight on this is highly appreciated!! Thank you!