Is my business retail or am I a wholesaler?

Question

Okay, so I'm trying to start my own business selling my own line of children's bedding and accessories.I'm trying to research my industry which is Home Furnishings. In the Home Furnishings Industry there's a Home Furnishings Retail sector and a Home Frunishings Wholesale sector.

I want to get my line of children's bedding and accessories into Walmart and after growth eventally have my own store so...

Am I in the Home Furnishings Retail sector or wholesale sector being that I'm trying to get my line into Walmart and don't have an actual store?

Answer 1

When you sell to retailers like Walmart, that activity is wholesaling.

When you sell directly to end-users of your product, that activity is retailing.

If, in the future, you end up doing both, then you are both a wholesaler and a retailer. For tax purposes, these 2 activites have different tax rates for things like B&O tax, etc.