Cribs are just one of many items that can be found in a resale baby store.
Anyone who has ever had a baby knows just how much clothing and equipment is required to properly care for one. Buying new items every time can be rather expensive, so many people turn to resale baby stores instead. Opening a resale baby store in Texas isn't too difficult. In addition to obtaining financing and possessing general business knowledge, there are a few specific state requirements that must be met.
Business Structure
Determine how the store will be structured. Will the shop be owned and operated independently, or will the business be operated in conjunction with one or more partners? A business owned by just one person is referred to as a sole proprietorship. A business owned by one or more individuals is a partnership.
Business Name
Come up with a name for the resale baby store. Choosing a name should not be taken lightly; it should be catchy and convey the purpose of the business. Most importantly, the name should not already be in use by another business. The Texas secretary of state will provide a free business name search service for potential business owners.
Legal Requirements
Register the name with the county clerk's office by completing an Assumed Name Certificate. The Assumed Name Certificate is valid for a maximum of 10 years and must be resubmitted once every 10 years to keep the business name.
Texas state regulations don't require retail stores to acquire an operating license. But all businesses must be issued an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) for the purpose of paying taxes.
Inventory
Obtain inventory. In addition to clothing and diapers, babies also need specialized equipment, such as cribs, changing tables, playpens, swings, and car seats. Since babies grow extraordinarily fast during the first year of life, they will often grow out of clothing and other items before these supplies wear out. Ask friends and family to donate baby items they no longer need, or purchase items from the community to be sold later for a profit.
Before accepting any used baby items, it is essential that each item is checked for any potential safety recalls. Safety recalls can apply to clothing and equipment. The United States Product Safety Commission maintains a listing of all recalled baby products on its website. Refer to the recall list or contact the manufacturer to ensure the safety of the items.
Tags: baby store, resale baby, Assumed Name, Assumed Name Certificate, baby items, business name, business owned
