Things to do before buying an account

[BDapp]

I've just read the book and plan on buying a stealth ebay acct. I can't find much info about this in the book or forums, I suspect it varies from seller to seller.

But generally do I need to have everything set up (steps 1-8 in the book) and ready at the time I purchase a stealth ebay acct?

I plan to get a new tax EIN number and the filing sites say it can take up to 30 days. OT, EINs aren't cheap neither.

[mike7860]

EIN number are free and get it on irs website rightaway.

[BDapp]

Originally Posted by mike7860

EIN number are free and get it on irs website rightaway.

Really? is this true if I want to go the LLC route? I already have an LLC but it already has an EIN number that was used on an older paypal account. So do I have to pay for another LLC in order to get another EIN? I assumed yes and filing for an LLC isn't cheap.

[BaggaDonuts]

Best bet is to get the new LLC filing. Idk what state you're in, but you can file for LLC in any state. You just need to check with your tax professional to see any reasons NOT to do it in your state. In FL its like $150 or so to setup a new entity, so pretty cheap considering your goal is to setup a selling account that will make you money.