Re: Advice on forming an LLC
Getting an EIN is completely free. Go to IRS.gov and apply for one, and you will have one in less than ten minutes. You will have to choose a name for your business and decide how you want to incorporate. Most eBay stealthers form a sole-proprietorship LLC, but you will need to talk to a tax professional to find out what is really best for your situation. After you get an EIN and start using it for business you will have 1 year to file articles of incorporation with your state, which is not free. In my state it was only a little over $100 but in some states it is over $1000.
Either way you decide to go, getting an EIN is completely free. The hundreds of sites offering to do it for a fee are just making bank by filling out the form on the IRS website for you.
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