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Old 04-21-2015
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Default LLC verses Sub Chapter S Corperation

I had a talk with my lawyer about eBay Stealth accounts (friend of the family, I didn't pay for his advice). He suggested I open a Sub Chapter S Corporation instead of an LLC. He said this would raise less red flags than an LLC. Any opinions on this. Also what website do you guys use to open your LLC's?
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Old 04-21-2015
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Default Re: LLC verses Sub Chapter S Corperation

In terms of ebay it really doesnt make a difference whether you use a LLC or S Corp, it has more important implications for taxes etc recommend talking to an accountant
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Old 06-17-2015
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Default Re: LLC verses Sub Chapter S Corperation

So if I open a few more stealth accounts.. I can use those for stealth purposes and i can open 1 or 2 llc's legit .Wouldnt the llc have tp have my actual name attached to it and when it comesd to pay taxes would i have to show actual suppplier info like wherre my products are coming from or just my business costs? Like cost of products i spent on my cc ebay fees pp fees gas car usage for business paper that kind of stuff

Last edited by kpizzl; 06-17-2015 at 09:01 AM.
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Old 06-18-2015
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Default Re: LLC verses Sub Chapter S Corperation

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Originally Posted by kpizzl View Post
So if I open a few more stealth accounts.. I can use those for stealth purposes and i can open 1 or 2 llc's legit .Wouldnt the llc have tp have my actual name attached to it and when it comesd to pay taxes would i have to show actual suppplier info like wherre my products are coming from or just my business costs? Like cost of products i spent on my cc ebay fees pp fees gas car usage for business paper that kind of stuff
Seriously? I hope you are high or drunk because of you lack of spell check and a teenager. This is one the dumbest questions I have ever seen. You basically answered it through your own ramble of common sense.
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Old 06-18-2015
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Default Re: LLC verses Sub Chapter S Corperation

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Originally Posted by 123 View Post
In terms of ebay it really doesnt make a difference whether you use a LLC or S Corp, it has more important implications for taxes etc recommend talking to an accountant
true,

I open the LLC because ebay stealth guide says so for the EIN on paypal.
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