My business is comprised of both manufacturing and wholesaling activities. Is my business therefore exempted from requirements under the Act as a jewellery manufacturer?
If 90% or more of all your purchases and sales are related to manufacturing activities, you are considered to be a manufacturer and do not have obligations. If your manufacturing activities represent less than 90% of all your purchases or sales, you are not considered a manufacturer and thus have no obligations under the Act.
Related Questions
- My business is comprised of both manufacturing and wholesaling activities. Is my business therefore exempted from requirements under the Act as a jewellery manufacturer?
- Where can I learn more about what I must do to comply with the requirements of the Tax Preparer Act (Business and Professions Code)?
- Are any specific money service business activities exempted from the regulatory regime for money service business?
