Monday, September 30, 2013

Begin A Business Selling Cigarettes In New york city

Selling cigarettes in NYC can be a lucrative business.


New York City is one of the biggest cities in the United States, making it an ideal place to start a business. Even though the state of New York has raised the price of cigarettes to $11 per pack, and some stores sell them for up to $15 a pack, people are still continuing to buy cigarettes because it's part of their lifestyle and also because of their addiction to nicotine. This means that there is always going to be an opportunity to fulfill the needs of smokers and also make a lucrative profit from your business if you plan to sell your cigarettes for cheap.


Instructions


1. Register your business with New York State. This process is required in order to do business in New York City. Visit your nearest New York City County Clerk's office to obtain information on register your business through either a partnership or sole proprietorship.


2. Apply for a Federal Employer ID Number (EIN). An employer identification number is required by federal law for opening any type of business. You will need one in order to deal with your business taxes as an employer of a legal business. Visit the Internal Revenue Service (IRS.gov) for more information on apply for an EIN.


3. Understand the laws and requirements of selling tobacco products in your state. Each state varies in terms and regulations for displaying self-service tobacco items and selling tobacco to minors. Make sure you meet the state law requirements by obtaining the proper licensing and permits for selling tobacco by checking with New York's Secretary of State.


4. Find a location in New York City for your business. This may be difficult to do because of the citiy's crowded atmosphere, but if you look hard enough, you should be able to find space for rent. Look in Craig's List advertisements online, check the classified ads of the local newspapers and ask friends or family if they know anyone in New York City that's leasing out space. An ideal space would be a location where there is a high concentration of potential customers such as in near shopping mall areas or stand-alone stores in heavy traffic areas. Make sure to understand the rules, regulations and fees by asking the owner about those issues before signing a lease. Ask neighboring retailers about their traffic patterns to confirm the seller's information.


5. Purchase tobacco products through a wholesaler. Check to see if the company you're buying from is actually a wholesale tobacco company and not a tobacco retail business just selling products at a discount. Make sure the wholesaler you purchase from sells to licensed tobacco retailers such as yourself to avoid legality issues.









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