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Old 11-28-2019
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Cool 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?
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Old 11-28-2019
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Default 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.
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Default Re: Dad willing to give me SSN for Ebay

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Originally Posted by slokor View Post
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.
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Old 11-29-2019
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Default 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.
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Old 11-29-2019
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Default Re: Dad willing to give me SSN for Ebay

how about grandpa and grandma then?
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Old 11-29-2019
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Default Re: Dad willing to give me SSN for Ebay

lol. get the whole family involved
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Old 11-29-2019
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Default 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.
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Old 11-29-2019
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Default 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
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Old 11-29-2019
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Default Re: Dad willing to give me SSN for Ebay

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Originally Posted by Redman View Post
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
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Old 11-30-2019
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Default Re: Dad willing to give me SSN for Ebay

Lots of patience, research, and due diligence
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Old 11-30-2019
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Default Re: Dad willing to give me SSN for Ebay

Quote:
Originally Posted by Beepnog View Post
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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