Yes, I would keep an inventory, starting with the initial stock, paid-in as start-up equity.
If I later pay myself amount X for every stamp sold at price Y, I would get taxed for X as a regular private seller of stamps, AND I'd get taxed for the profit Y-X my company would make (after cost).
Correct?
If I can get around being taxed for privately selling stamps, I still run risk of being accused to pull cash from the company with every sale.
If I get the collection valued once as a whole I'd be in clear water later.
