| |
05-09-2017
| Subscribed [VIP] | | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Ready to Setup Stealth
Okay so, after reading the Ebook and lots of threads here, I have:
1-New PC
2-24VC Dedicated and Fresh IP
3-Another Business to use-ID of director, Company reg docs, Utility Bill, business Bank statement and card details which match the address of both the business and director which is of course not the same address I used once before.
4-New Gmail
5-New Phone Number
I will setup the amazon account in my friends name who is the director of a completely different company to my Sole Trader business I was suspended with using the new IP address and PC and a new phone and email I created.
This is bulletproof right?
I am experienced in FBA, how long do you reckon I should wait before going full bore FBA again?
I want this account to last as I don't think I can do it again, but I want to start replacing the income I lost ASAP!
Thanks for all the info guys, here goes!
Dave
|
The complete step-by-step guide to get back to selling today!
| |
05-09-2017
| Banned | | Join Date: Jul 2008
Posts: 825
Thanks: 43
Thanked 198 Times in 155 Posts
Activity: 0% Longevity: 91% | | Re: Ready to Setup Stealth
Firstly, why you using someone elses ID and company documents? Go as a sole trader with stealth information and make up a 'trading as' name. Then speak to someone to provide you the necessary paperwork to submit to Amazon when they request it.
IP is fine - price is high though @ 24vc and there are 'newer' Dedicated IP companies that offer the same service and do guarantee fresh IPs.
Gmail & SIM card is fine.
What you going to do about a VCC / Credit card for Amazon - they do not accept a lot of prepaid cards from shops etc. If you do try and add one the account will have its selling privileges removed.
|
05-09-2017
| Subscribed [VIP]
Threadstarter  
| | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Re: Ready to Setup Stealth
Hi Vetus,
Thanks for the reply.
I was unsure how to get a new UTR as a Sole Trader.
I already had an Amazon account with my current Sole Trader credentials, and I am unsure how to get new details.
At first I was going to form an LTD company (I actually did), and use that Tax ID with a trading address at a relatives. but I read a thread here where Amazon may ask for the Directors ID (Mine).
Regarding the Debit Card, I will use the one for my friends Company, which is the same bank account I will use for the Disbursements.
He will then simply move the money to my bank account every 2 weeks.
My friend offered and I said Yes, this appears to be the cleanest route to me.
I already got the 24VC IP setup and ready to go.
Thanks again,
Dave
|
05-09-2017
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,073
Thanks: 2,424
Thanked 5,197 Times in 3,996 Posts
Activity: 27% Longevity: 63% | | Re: Ready to Setup Stealth
While that can all work you do need to work out the tax implications that your friend will be faced with
|
05-09-2017
| Subscribed [VIP]
Threadstarter  
| | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Re: Ready to Setup Stealth
Hi James,
He spoke to his accountant and he mentioned something about VAT.
My first business never got to VAT status before getting suspended, so I am not great with VAT.
His company is VAT registered and I have the VAT number, I imagine I put this into Amazon and they don't charge VAT on the seller fees, is this right?
I will be doing my stock purchasing with my own bank account though. My only concern here is if Amazon request product Invoices.
As far as other Tax implications go, since the money would enter his account and then leave it, it would leave a Neutral balance on the balance sheet as if it never happened.
Thanks,
Dave
|
05-09-2017
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,073
Thanks: 2,424
Thanked 5,197 Times in 3,996 Posts
Activity: 27% Longevity: 63% | | Re: Ready to Setup Stealth
If its entering his account and then al being paid out to you he may well need to have you on the pay roll, in which case you would need to pay NI as well as other taxes on the money you get
These are all things you need to have a deep discussion with an accountant about
|
05-09-2017
| Subscribed [VIP]
Threadstarter  
| | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Re: Ready to Setup Stealth
Thanks James, I was wondering about that.
I have seen posts here about using any bank account you have not used before for the disbursements. Is this safe to do?
I have 3 other bank accounts (ISA and Online Saver with same bank as before and another with a different bank) all in my name and address, only one was linked to Amazon before.
If I do this will they link me? This will resolve the Tax issue. I could continue to do Sole Trader accounts as I was before.
Thanks
Dave
|
05-09-2017
| | Executive [VIP] | | Join Date: Apr 2013
Posts: 20,073
Thanks: 2,424
Thanked 5,197 Times in 3,996 Posts
Activity: 27% Longevity: 63% | | Re: Ready to Setup Stealth
it doesn't totally resolve it if all the trading is done in your friends name
You can withdraw to your own bank account though without an issue
You really do need to talk to an account in depth
|
05-09-2017
| Subscribed [VIP]
Threadstarter  
| | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Re: Ready to Setup Stealth
Thanks for the advice James.
I'll get my friend and the Accountant together.
Dave
|
05-09-2017
| Executive [VIP] | | Join Date: Feb 2008
Posts: 1,071
Thanks: 52
Thanked 160 Times in 137 Posts
Activity: 33% Longevity: 93% | | Re: Ready to Setup Stealth
What happens if the account gets suspended, and in the future your friend wants to sell on Amazon?!
What happens if you fall out with your friend, or they decide to keep the funds? Very dangerous this is.
I would have everything fresh personally.
|
05-09-2017
| Subscribed [VIP]
Threadstarter  
| | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Re: Ready to Setup Stealth
He is a very close family friend so I dont think he'll screw me.
He runs a real business and has no interest in selling online, he is nearing retirement age.
I know I should start fresh, but really lost on how to pass the ID checks.
My original Plan was to setup an LTD at my Mums address with Me as the director, and get a Business bank account at that address in the company name. But I am unsure how I would pass an ID check on the director from Amazon?
The eBook is great but it doesn't talk much about UK company formations and options.
Thanks for the advice all.
Dave
|
05-09-2017
| Banned | | Join Date: Jul 2008
Posts: 825
Thanks: 43
Thanked 198 Times in 155 Posts
Activity: 0% Longevity: 91% | | Re: Ready to Setup Stealth
I wouldn't want to work on the assumption he/she wouldn't screw you, it's cut throat business nowadays.
Start with proper stealth and do it all yourself, very easy to do.
|
05-09-2017
| Subscribed [VIP]
Threadstarter  
| | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Re: Ready to Setup Stealth
I know what you mean, but he won't, he was practically my Dad for a lot of my Life.
I really want to do a new one all by myself, but like I said - I'm stumped on the ID checks that may happen for the Director.
Who has done this before after being a Sole Trader the previous time?
Thanks,
Dave
|
05-09-2017
| Executive [VIP] | | Join Date: Feb 2008
Posts: 1,071
Thanks: 52
Thanked 160 Times in 137 Posts
Activity: 33% Longevity: 93% | | Re: Ready to Setup Stealth
I setup a business with my then girlfriend. I didn't think she would rip me off, then she did for £59K
Look at what everyone is saying pal. You can't run a business like this in my opinion.
Search the forum, all the info is here.
|
05-10-2017
| Subscribed [VIP]
Threadstarter  
| | Join Date: May 2017
Posts: 20
Thanks: 1
Thanked 0 Times in 0 Posts
Activity: 0% Longevity: 40% | | Re: Ready to Setup Stealth
Freakzilla,
I appreciate what you are saying and you are right.
However after buying the eBook and trying to find answers to the above questions here, I cannot.
If you could be so kind as to enlighten me with the answers, that would be great, thanks.
Dave
|
05-10-2017
| | Executive [VIP] | | Join Date: Dec 2009
Posts: 75,855
Thanks: 5,926
Thanked 8,909 Times in 8,202 Posts
Activity: 99% Longevity: 83% | | Re: Ready to Setup Stealth Quote:
Originally Posted by Freakzilla I setup a business with my then girlfriend. I didn't think she would rip me off, then she did for £59K | /jawdrop - sorry to hear that Freakzilla....it's sad how money really makes people do bad things...
|
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | |