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-   Etsy Discussions (https://www.aspkin.com/forums/etsy-discussions/)
-   -   Hiring to open a new shop (https://www.aspkin.com/forums/etsy-discussions/133869-hiring-open-new-shop.html)

Mengem1 02-25-2020 04:09 PM

Hiring to open a new shop
 
I had an Etsy shop for years, THOUSANDS of 5 star reviews. Was making 6 figures selling only on etsy. And then my shop was removed for using the word “onesie” because I had no idea it was trademarked.
We have since opened our own website- and it’s doing ok, but it’s been expensive to get up and running.

I want to get back on Etsy. And my mom offered to let me use her SSN to open a new account (I know I need to get a new bank account- new photos- new email- and new IP address) but how would that work for taxes?

Has anyone else done this? I offered to pay my mom like 10% of my sales for putting it in her name. But how would that work? Would it? Thoughts? Opinions? Anything else I should be considering?

Kingfisher 03-03-2020 01:53 PM

Re: Hiring to open a new shop
 
Quote:

Originally Posted by Mengem1 (Post 1072319)
I had an Etsy shop for years, THOUSANDS of 5 star reviews. Was making 6 figures selling only on etsy. And then my shop was removed for using the word “onesie” because I had no idea it was trademarked.
We have since opened our own website- and it’s doing ok, but it’s been expensive to get up and running.

I want to get back on Etsy. And my mom offered to let me use her SSN to open a new account (I know I need to get a new bank account- new photos- new email- and new IP address) but how would that work for taxes?

Has anyone else done this? I offered to pay my mom like 10% of my sales for putting it in her name. But how would that work? Would it? Thoughts? Opinions? Anything else I should be considering?



U don’t need to use ur moms name or bank account open a account at Wells Fargo with YOUR OWN NAME...they allow mismatched deposits..

prodigyace 03-03-2020 01:57 PM

Re: Hiring to open a new shop
 
Or you could open a new business and file the taxes under that business name, and open a business bank account under that business

Pandoras_box 03-03-2020 02:30 PM

Re: Hiring to open a new shop
 
I was about to pull out and dust up my old CV.
How disappointing!


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