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    1. yobie is offline

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      #1

      Starting up in importing - Do I need a registered business to import stock into the US?

      Hello,

      I recently got a quote from Kuehne and Nagel, but was wondering about a few things.

      They are asking questions about my "business" such as; if my business is an LLC, my registered business name, my business number and etc.

      Also the power of attorney form asks for my IRS/EIN number which I don't have.

      I'm still kinda in the proof of concept phase and have yet to actually register my business.

      So my question is:

      Do I have to have a registered business to import large quantities. My quantity is actually not that big about 144 items and valued under $2000?

      Thank you for your help
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    2. gilach is offline

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      #2
      hi there, i'm in the same boat, and will be using K + N, how did you manage?
      Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!

    3. experience is offline

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      #3

      Quote:

      Originally Posted by yobie View Post
      Hello,

      I recently got a quote from Kuehne and Nagel, but was wondering about a few things.
      They are asking questions about my "business" such as; if my business is an LLC, my registered business name, my business number and etc.
      Also the power of attorney form asks for my IRS/EIN number which I don't have.
      I'm still kinda in the proof of concept phase and have yet to actually register my business.
      So my question is:
      Do I have to have a registered business to import large quantities. My quantity is actually not that big about 144 items and valued under $2000?
      Thank you for your help
      The short answer is no you do not have to be a registered business to import goods into the US, but it would make your taxation affairs easier if you start off with a registered business.

      You are quite right. A shipment of 144 items valued at $2000 is not a big shipment. I don't know what services K&N are offering you, and I don't know what type of products your are importing, but K&N are so big that they seem to me to be like a government bureaucracy.

      Are your goods to be shipped by air freight, air courier, or sea freight? There are simple options for you to choose from depending on which freight method you use. If you are using an air courier I suggest you do not need K&N at all.
      To learn safe overseas sourcing and how to buy small (or large) quantities at best prices see→ http://provenchinasourcing.comLearn to find genuine manufacturers and negotiate small orders at prices way below what wholesalers charge. Written after my health enforced retirement and provides insider information from veteran with experience exporting 1978-1987 importing since 1987 Learn to import the easy way

    4. Export is offline

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      #4
      You do not have to be a business to import into the us as long as you are a US resident. You are free to import using your Social Security number.

      If you are thinking of turning your imports into a business, you should seriously consider incorporating. It is better for tax purposes and legal safeguard (I am not an attorney, please reach out to one to determine the best legal entity for your business needs).

      Any Broker clearing your shipment through US Customs MUST have a Power of Attorney from you (it is US law). The Power of Attorney is Only for clearance purposes. Again, if you are not a company, you will need to give them your Social Security number for clearance.

      Hope this helps.

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