Sole prop or Corp

[livingtree]

Trying to create a Amazon Pro account. This is not a stealth account so all the information will be real. I'm not sure if i should open a Sole proprietorship business account first or just open a Corporation.

Is it possible to open a Professional account with a Sole proprietorship business license?


Any advice would be appreciated.
Thanks

[Canadianleaf]

Originally Posted by livingtree

Trying to create a Amazon Pro account. This is not a stealth account so all the information will be real. I'm not sure if i should open a Sole proprietorship business account first or just open a Corporation.

Is it possible to open a Professional account with a Sole proprietorship business license?


Any advice would be appreciated.
Thanks

multi-member llc or s-corp / c-corp only work for stealth.

sole prop wont work, requires a SSN. LLC = disregarded entity and requires a SSN

[BarredBunny]

Originally Posted by Canadianleaf

multi-member llc or s-corp / c-corp only work for stealth.

sole prop wont work, requires a SSN. LLC = disregarded entity and requires a SSN

Im curious about this couldn't you simply apply for an ein and submit that instead like most sole props do for ebay/paypal but to amazon?

http://www.irs.gov/Businesses/Small-...r-(EIN)-Online

[Canadianleaf]

Originally Posted by BarredBunny

Im curious about this couldn't you simply apply for an ein and submit that instead like most sole props do for ebay/paypal but to amazon?

http://www.irs.gov/Businesses/Small-...r-(EIN)-Online

No because its a disregarded entity (single member LLC). A disregarded entity refers to a business entity with one owner that is not recognized for tax purposes as an entity separate from its owner. amazon will attempt to verify the persons name and (ein or ssn, forget which one) with the IRS.

if its not a disregarded enttiy, amazon matches the business name and EIN with IRS database, ie: multimember llc, s-corp, c-corp etc.

TDLR: single member LLC's wont work.

[livingtree]

Originally Posted by Canadianleaf

multi-member llc or s-corp / c-corp only work for stealth.

sole prop wont work, requires a SSN. LLC = disregarded entity and requires a SSN

what if its not stealth? would sole prop work for pro accounts?

[Canadianleaf]

Originally Posted by livingtree

what if its not stealth? would sole prop work for pro accounts?

Heres a rule of thumb:

Disregarded entity (soleprop / SMLLC): legal name / ssn must match IRS.

Non-Disregarded entity (MMLLC, SCorp/CCorp): business name / ein must match IRS.

[amazing4]

Do you have a company? Better make an LLC instead of making it on some person. If you do not have a company, then you should choose individual.