For new name and EIN, do you just do DBAs? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > Amazon

Amazon Amazon Suspension. General discussions on Amazon, suspensions, suspended, blocked, banned and more. Amazon Forum.

Reply
 
Thread Tools
  #1  
Old 10-31-2014
Junior Member
 
Join Date: May 2014
Posts: 136
Thanks: 103
Thanked 8 Times in 8 Posts
Activity: 0%
Longevity: 57%
iTrader: (-1)
Default For new name and EIN, do you just do DBAs?

Thinking it's a lot cheaper and faster than setting up an LLC. Just wondering if this is the route most people are taking to get a new name and EIN. And about how much does this cost and is it fairly straight forward to do it on your own without having to pay a service like LegalZoom?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 10-31-2014
TonyAlmeida's Avatar
Executive [VIP]
 
Join Date: Feb 2013
Posts: 2,154
Thanks: 511
Thanked 409 Times in 320 Posts
Activity: 0%
Longevity: 64%
iTrader: (0)
Default Re: For new name and EIN, do you just do DBAs?

The fee is depend on the state you want to form your LLC
Reply With Quote
  #3  
Old 10-31-2014
yankee's Avatar
Executive [VIP]
 
Join Date: Nov 2013
Posts: 8,983
Thanks: 2,744
Thanked 3,108 Times in 2,282 Posts
Activity: 0%
Longevity: 60%
iTrader: (2)
Default Re: For new name and EIN, do you just do DBAs?

Problems can occur with a Sole Proprietor DBA. It links directly back to your SS number. I am not saying you can not do this, a well respected member here reported doing this for three years with no issues.

Other have reported many differant issues such as 1099k comming to the wrong name, paypal requesting updated info, IRS contacting paypal because name not matched...

If you do it correctly, use a new address, new telephone, new everything with your DBA you should be fine but if a paypal limitation or review happens it goes directly back to you.

Also for tax reasons, typically any schedule C is maxed taxed, but that is for you and your accountant to boil down.

Legal zoom is expensive and does not really do anything for you other than fill out the form for a fee.
Reply With Quote
  #4  
Old 10-31-2014
Junior Member
 
Join Date: Oct 2014
Posts: 20
Thanks: 10
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 54%
iTrader: (0)
Default Re: For new name and EIN, do you just do DBAs?

yeah don't do legal zoom. Just go to the state website where you live. It is very easy to file for a LLC.
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



Aspkin Group

All times are GMT -5. The time now is 03:17 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58