Hello all,
This is my first post, and I have a question that I can't seem to get a straight answer from, even from Kickstarter or Indiegogo.
I am starting a new business. It's based on an invention I have been working on based on over two decades of experience.
I have decided to raise funding through CrowdFunding (CF) and in that am getting pricing quotes for all the machining and manufacturing I am going to need. CF has a rewards system which includes a Tier that will be giving a product if a certain milestone is donated to.
My question is whether I need to have a resellers license for this. I spoke to the Franchise Tax board and they were literally of no help. I spoke to Kickstarter and Indiegogo to ask them and they both came back with two different answers.
Granted, the one I liked was that because we are giving the item, we would not need to have a resellers license, but the other said because we are giving an item as an exchange for funding we would.
Thoughts, opinions, laws? Kinda stuck here.
This is my first post, and I have a question that I can't seem to get a straight answer from, even from Kickstarter or Indiegogo.
I am starting a new business. It's based on an invention I have been working on based on over two decades of experience.
I have decided to raise funding through CrowdFunding (CF) and in that am getting pricing quotes for all the machining and manufacturing I am going to need. CF has a rewards system which includes a Tier that will be giving a product if a certain milestone is donated to.
My question is whether I need to have a resellers license for this. I spoke to the Franchise Tax board and they were literally of no help. I spoke to Kickstarter and Indiegogo to ask them and they both came back with two different answers.
Granted, the one I liked was that because we are giving the item, we would not need to have a resellers license, but the other said because we are giving an item as an exchange for funding we would.
Thoughts, opinions, laws? Kinda stuck here.
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