To corporate or not to corporate?

[b.marketing.pro]

Hello!

I'm sort of new in this game in creating stealth accounts.

Can I open up a new amazon account registered as a sole proprietorship and link the banking details to have funds transferred to a corporation (this corporation is linked to another amazon account)?

Also, I live in Canada, would this be a problem for tax purposes?

Thanks!

[e2free]

No you can't

They will link you using bank account

You can't use any info previously used on Amazon

[b.marketing.pro]

Hmm, what I meant to say was - would I be able to link NEW banking details (another business with a new checking account #) to my new amazon account (business registration address does not match new bank info) without being linked?

Also, would this be a problem for tax purposes?

Thanks for your help!

[chaichaoyi]

The transfer will work fine 99% of the time.

Tax reporting is a separate issue, and has nothing to do with stealth. Report your income, regardless whether the income is generated under real/stealth names.

[e2free]

Originally Posted by b.marketing.pro

Hmm, what I meant to say was - would I be able to link NEW banking details (another business with a new checking account #) to my new amazon account (business registration address does not match new bank info) without being linked?

Also, would this be a problem for tax purposes?

Thanks for your help!

If the accounts details ate not used before then it's ok to use

For tax issue you need to speak with accountant

[dallis]

To corporate or not to corporate?

Seriously, if this is the upper limit of your understanding, you need to find a professional advisor.

To start with, the word is 'incorporate' and it has nothing to do at all with your question.

Secondly, the advice The transfer will work fine 99% of the time. may be true, but if the info has been used before they'll kill your accounts. Then it will work 0% of the time.

Thirdly, taxes aren't relevant to the question in any way. If you make a profit, you pay taxes, that's true anywhere in the world. Which account the money goes into is irrelevant.

[rsot]

Welcome to the forums - all the best as you master stealth

You're in Canada OP so why is flag US?

And for financial advice, best to speak a financial professional - your questions are beyond scope of forum

[yankee]

aspkin has added a tax advice area in the forum but it seems the vast majority of the people on this forum evade taxes and would offer horrific advice all in all.

[b.marketing.pro]

Appreciate all the help! You guys are awesome.

Last question:
If I wanted to open up a new stealth account - I guess it would be less expensive by registering a sole proprietorship business with Amazon rather than registering a entirely new corporation?

[yankee]

might be cheaper out of pocket but it sure as heck will cost you with the IRS....... no matter what you add 15% in self employment taxes.

[Noworries445]

Your in canada ,register as it.I highly doubt most here are even paying taxes

[rsot]

Originally Posted by Noworries445

Your in canada ,register as it.I highly doubt most here are even paying taxes

Legitimate people pay taxes...