Seeking advice on starting a precious metals business
by ianmc74, Window Shopper
- Created: January 8, 2013, 12:13 pm
- Updated: December 31, 2013, 12:49 pm
I would like to start a business where I buy precious metals for my customers, both coins (numismatics) and bullion (rounds, bars, etc) both of which are non taxable I believe. Essentially I would just be a 'middle man' that does two things. Keep my customers anonymity, and save them the hassle of trying to find the lowest price as well as the hassle of ordering it (extended phone time). I would charge a fee per transaction, or total of order. Colorado is the state where business is planned, and I planned on running the business from home. My first question is...Do I need a dealers license? A tax license? Second does keeping my customers anonymity violate any laws? Money laundering etc? Thirdly, is a dealers license and a tax license the same thing? Any help would be greatly appreciated. Thank you in advance. Ian
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