On 2012-02-18, dpb wrote:
On 2/17/2012 5:26 PM, azotic wrote:
...

Since igy is a merchant and those trucks are for sale at the right price
he is a motor vehicle dealer right ? Those trucks are just inventory.
...

Not necessarily...again, a lot depends on the _exact_ circumstances.

It's not clear about this vehicle; he titled the tractor of earlier
discussion so it clearly isn't only inventory.

Where simply buying/reselling general equipment turns the line is a
question I don't know the precise answer to even locally; what more in
IL. It's the reason I and many others have and continue to caution iggy
to get some help on the business/legal side of this as he grows it
before he does get his knickers in a wringer inadvertently when
something trips him up and raises all the questions at once't...

--

As far as I understand, I can resell up to 5 vehicles per year without
needing a car dealer license. Same applies to my wife.

After that, I would need a license. Considering that vehicles are sold
at liquidation auctions and by companies that I buy from, I am now
looking into how to get a used car dealer license. It is a paperwork
hassle, and there is a bunch of regulations regarding my hours, car
lot etc. They seem to be directed against shade tree car dealers and
favor large dealers. But, at least now, I do have a big parking lot.

i