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-   -   Dad willing to give me SSN for Ebay (https://www.aspkin.com/forums/ebay-discussion/131691-dad-willing-give-me-ssn-ebay.html)

Beepnog 11-28-2019 07:20 PM

Dad willing to give me SSN for Ebay
 
So Last year I got suspended from Ebay and I had 2 accounts registered under My Mom's and My SSN. After that I gave up on Ebay. Now My dad is willing to give me his SSN so I can start selling on Ebay again. So is it ok to use his since My Mom and live under the same roof and the accounts might be linked. Or should I form an LLC and get it under a different address. And what should I expect along the way going this way?

slokor 11-28-2019 08:32 PM

Re: Dad willing to give me SSN for Ebay
 
The address is a major link factor so I would advise against it.
And I myself am completely against using family member's info for business. Consider the tax implication should your business take off - it is your dad who will end up getting the 1099 and have to deal with the IRS as a result.
not worth it in my opinion.

Redman 11-28-2019 10:20 PM

Re: Dad willing to give me SSN for Ebay
 
Quote:

Originally Posted by slokor (Post 1051954)
The address is a major link factor so I would advise against it.
And I myself am completely against using family member's info for business. Consider the tax implication should your business take off - it is your dad who will end up getting the 1099 and have to deal with the IRS as a result.
not worth it in my opinion.

Not if you open a business in wyoming under your registered agent, and have the company truly in your name. Removes them from the equation.

Kajunrook 11-29-2019 03:05 PM

Re: Dad willing to give me SSN for Ebay
 
Well everyone seems to be missing the point here? If he continues to operate his accounts like he has in the past, it won't be long before his dad's SSN is burned too, It is true.

agent006140 11-29-2019 03:12 PM

Re: Dad willing to give me SSN for Ebay
 
how about grandpa and grandma then?

bugsy945 11-29-2019 03:13 PM

Re: Dad willing to give me SSN for Ebay
 
lol. get the whole family involved :)

SaiJin 11-29-2019 06:00 PM

Re: Dad willing to give me SSN for Ebay
 
Before you go and mess things up. I'd say make your own accounts first as learning experience with the stealth guide.

Redman 11-29-2019 08:48 PM

Re: Dad willing to give me SSN for Ebay
 
I agree with Saijin, learn the ins and outs of ebay first, ruin your own accounts and learn how to keep your business float before involving family. Truthfully, the first few accounts will most likely be a big learning lesson for you

mhmhmh1111 11-29-2019 11:37 PM

Re: Dad willing to give me SSN for Ebay
 
Quote:

Originally Posted by Redman (Post 1052161)
I agree with Saijin, learn the ins and outs of ebay first, ruin your own accounts and learn how to keep your business float before involving family. Truthfully, the first few accounts will most likely be a big learning lesson for you

not first few accounts..more so will be the first few years when people finally learn patience is key to all of this

Redman 11-30-2019 01:17 AM

Re: Dad willing to give me SSN for Ebay
 
Lots of patience, research, and due diligence

agent006140 11-30-2019 11:13 AM

Re: Dad willing to give me SSN for Ebay
 
Quote:

Originally Posted by Beepnog (Post 1051943)
So Last year I got suspended from Ebay and I had 2 accounts registered under My Mom's and My SSN. After that I gave up on Ebay. Now My dad is willing to give me his SSN so I can start selling on Ebay again. So is it ok to use his since My Mom and live under the same roof and the accounts might be linked. Or should I form an LLC and get it under a different address. And what should I expect along the way going this way?

DOES your Dad know whatever you make $$ will be considered his income and whether there is a 1099K or not,he should report it.


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