Successfully running stealth shop but need to turn it to LLC?

[Artsy]

Originally Posted by authmember

Been operating stealth accounts in 2021, and now have a dilemma to whether add LLC or check for some other alternatives. Let us know if that works out for you, would appreciate knowing how your experience turns out

ill keep everyone posted, doing ein today as site was done for the holidays.

[Artsy]

Originally Posted by yankee

The $600 is the new IRS threshold, not your state. It is for all third party payment processors.

Upgrade to business. Add your new Business entity and EIN number and all should be well.

thank you - but the form is rather confusing and Esty is putting your shop on vacation mode if you input the incorrect information (its crazy). They make it so complicated. I would try it but then my shop might go down. Many sellers are complaining on the etsy forums. Plus I just got a EIN and i read i should wait a bit as its not in the system if I'm trying to be verified by a third party.

The options suggest individual/sole proprietorship OR incorporated business. There is no LLC option (so LLC would be the first option from what i read )

Then below asks for your for EIN or SS# (I would choose EIN obviously)
Then below that it says "tell us about yourself" That section is prefilled with the stealth details like full name/address/dob. You can edit it but I have no idea. what to do. any advice, if I click incorporated business option it makes more sense and asks for the business name/address/ein/. I cant find the proper information.

[rsot]

Originally Posted by authmember

Been operating stealth accounts in 2021, and now have a dilemma to whether add LLC or check for some other alternatives. Let us know if that works out for you, would appreciate knowing how your experience turns out

Welcome to the forum - all the best as you master stealth

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