Forum

L.L.C. creation & suggestions (sensitive)
 

I have an existing EIN that they already have as I was a fairly large seller before I was stricken from the face of the ebay earth.

So I would just go get a new EIN and business with the county clerk? I suppose the address would be a challenge as I believe the city will not create a business to a PO Box, it would have to be my address. And ebay has that address on their bad list. So that is a challenge.

As for name, couldn't I put any individuals name on the ebay account? Like a relative or friend or even Stealth? Actually it might be a good idea to put the individual name under the same fictitious but believable name as the business is created under like the Roger H. Hammersmith example you gave. They will believe it and when ebay discovers it I can always say it was an innocent mistake that I thought it was supposed to be the business name there?

Any other challenges with going back on ebay as a business? I am doing well with the individual stealth option but long term really need to be able to operate without the cat and mouse game again, so this would be perfect.

LLC with State, EIN with Treasury. You can use a P.O. Box for mailing, but must have a physical address on file with State. UPS mailbox works good, listed with state as apartment number instead of box number.

Don't put a random name on ebay. Use the name on the papers. Like the Hammersmith example. They won't know, and you won't tell.

You can go this route and be quasi-legit. Not sure why you would want to, but you can do it and still maintain some form of personal privacy.

Thanks for the terrific advice. I do appreciate it. It would be great to get business somewhat back to normal after being a real business on ebay for 8 years and having over 50,000 feedbacks. Then being suspended for a ridiculous reason and my whole world coming to a grinding halt because of it.

No, you have been awesome vicvelcro. This is information I have not found previously and was hesitant to go to all the time and expense of trying it and then to discover I made a fololish mistake and have to start over. Your posts are the foundation I needed to step forward. Thank you for that. You are always a tremendous resource.

Thanks, now. I appreciate that.

The cost of doing the LLC/EIN etc is lower than many would think. It's not so hard, and doesn't take long. Well worth it, for sure.

One thing not mentioned in this thread yet, is my other friend DBA. Toss that in the bowl with the others so far, give a stir, and you have corp cookies.

http://www.myotherdrive.com/dyn/file..._Mr_Jaunty.gif

You can always give ebay/paypal a variation of your address. close enough you'd get mail with it but not close enough a bot would link it. I haven't done as Vic and named an LLC like a persons name. Now I've used a made up Persons name as a DBA of one of my companies to get bank accounts that I could cash checks and stuff in those names but that was before when ebay allowed checks/mo as a payment method. So I don't use that one anymore.

gurusgrafx,
Thanks for the guidance. I wasn't sure if the business license had the address printed right on it and had to be faxed to ebay at some point, therefore creating a problem. Manipulating my real address is a great idea, I will have to see if I can work that in as I can't use my address and don't want ebay to discover I have gone stealth as it would remove any possibility of their reactivating my account in the future.

Yes, I remember those good old days of going to the bank with a stack of money orders... lol. Now we have to squirm every time we make a paypal withdrawal of our own money that the phone is going to ring with their paypal police and their "questions".

The county clerk has nothing to do with setting up an LLC. The states do that. You can LLC in any state you wish, as long as there is an address in that state where you can receive physical mail. They do not like P.O. Boxes. You can use a UPS box with suite or apartment number. They don't check.

DBA is abbrev for Doing Business As. It's a piece of paper that says you have a real name and a legal pseudonym. Only thing you do with that, is have checks made out to the Roger H. Hammersmith name. Take the checks and the DBA to your bank. Sign the check as Roger H. Hammersmith. The money is yours. You never put your real name on it.

you can do your license correct then when that time comes to fax it in to ebay photoshop your "changes." Yeah no kidding on the squirming when you make a withdrawal. I'm so glad they did the plugin. I shoot most of my money out through the virtual credit card now. cost me an extra 2.5% but at least I'm getting my money before I ship.

LLC and DBA are legal way of being sneaky. No need to PS the docs. Just use black marker over your real name, if you ever have to go that far.

DBA allows you to BE a different legal entity. So, you DBA as Roger Hammersmith, you ARE Roger Hammersmith. No need to sneak. Be legal.

Now do you see what I was saying earlier as regards RUNNING YOUR BUSINESS LIKE A BUSINESS? This is how the big boys play.

^^^^^^^^Yes sir.

Another sneaky thing is that if that address got picked up, now can say he is the new tennant at the place....last person left. muahhh:eek:

GB gets it. Or can register the LLC/DBA to any address you like. In any state where you can have mail received in your behalf. That nephew off to kollij, fuhgedabbodit!

Damn I feel like I should be sending you guys tuition! Thanks for all the enlightenment! I wasn't familiar with the difference between the business license and the LLC. Thought they were basically the same. What you explained makes perfect sense now. I have a UPS store 2 blocks away so that would be perfect, it looking like a real address. as far as a DBA in another name, so simple, yet so effective, and downright cool! I have to do this......lol. and will.

For doctoring the address, I have Photoshop so that shouldn't be too hard to do, once I learn my way around it. Or find a friendly kinkos employee, lol.

As far as withdrawals I try to time appropriately when I do them. The verification call seems to come very quickly when it does, so with planning its unpleasant but doable. I have not done the paypal plug in. I will have to do some research on that. As this is all just about 3 months old for me I have tried not to take technical chances where I could screw up and not figure out where my mistake was. But in time I will get up that knowledge and be ready. It would be great to get access to my own money without the fear of Oz questioning what I am up to.

You know if all this works I wont have to carry 11 phones anymore for fear of missing a paypal call, lol. No more swerving across lanes of traffic in a panic trying to discover which phone is ringing, and who I am supposed to be, before it stops ringing. Does it get much better than that?

Seriously you guys are awesome!

vic, you should post him that link to the book. I think it would open up his eyes to the possibilities of being whoever you want where ever you want.

Link.

I wonder if Aspkin would allow me to open up shop in the for sale area, offering my services as a consultant or agent. It would help many people.

now, if you ever want to float a decent quality 6 pack my way, PM for my delivery address.

^^^^^^^OH NO!! sounds like a modee move to me. lol

Modee liked 6 packs? I don't remember that part.

I see exactly what you mean about running it as a business. This is a completely legit way to get back on ebay, and get my business back. It is one thing to have ideas that it can be done, but another to talk to people that have understanding and confidence and who know it can be done.

My five year old girl's kindergarten graduation is in the morning, so I must say goodnight. Thank you so much for all your assistance! Talk soon!

^^^All the best, now. Enjoy the party. Check in tomorrow:peace:

Yeah I mean look at the big boys as vic put it. they come out, completely screw up the world. set up a new corporation and do it all over again. thats the glory of business. You can make a huge mess out of everything and start all over with a clean slate.

*coughs* we'll ignore that brainfart for now ;) ♥ ♥ ♥

Now gurus is catching on.

http://www.myotherdrive.com/dyn/file...miley-face.jpg

^^^^^^ catching on???? shooot I learned this long ago. lol you know how many ebay accounts I've gone through?? lol.

I do all my transfers at the same time within a 1 hour span. The Paypal verification calls only come within about an hour of your transfer anyway. After that, you don't need to worry till the next day.

I screwed up today with one of my tracfones. It ran out of days and I didn't realize it till right after the transfer. I ran up to rite aid at the corner to buy more minutes and got back to see I was limited 3 minutes before my return. DAMN! Well, fortunately, I was able to remove the limitation with just talking to the rep. No docs even. Sometimes you get lucky...

These are all valid and good points. But it isn't the end of the story...

Your real name will be linked to the entity for as long as you are a participant in the entity. If you sell your interest to another party (a trust perhaps), you are no longer associated.

A note about that: while you are associated, it is public record. Anyone who inquires - will be informed.

Your SS# is required when forming the corp and when obtaining the EIN.

When asked to provide SS# for things such as credit applications, the SS# can be the number of ANY principle party. Those applications are considered optional and elective. They do not disclose your info to outside parties. And the number is for file reference. Way back when, credit bureaus decided that SS#'s being unique, would be a good number to base a credit file upon. That is the only reason it began that way. Any 9 digit unique number will do the job.

A corporation whose principal parties is composed of non-persons won't have an SS# to contribute. Thus, if you are the only principal party, you offer your own SS# to the bank.

But in the case of many corporations (let's say the Heinz food group), who's SS# is on the corporate bank account?

If one of the principal parties happens to be an LLC named Roger Hammersmith, and you provide Roger's EIN...

You are only obligated to provide an SS# for personal bank accounts and any interest bearing investment. For corporate checking, there are alternatives to giving a principle SS#.

There are exceptions (usually well hidden) which provide for alternatives. I will not elaborate any further on the details for reasons OBVIOUS to many of us in here.

I'm trying to convey that there are other answers, beneath the obvious. And if you only read the bold print, you don't learn the tips and secrets in the fine print of the back pages.

Your efforts and the difficulties along the way to achieving your level of 'comfort' depend on how much anonymity you need.

LOL Vic! Where and how do you find all this funny stuff?!;)

Well, I've run a few B&M's in my day and I like my privacy. There's a book I read a number of years ago which details MUCH. I'll PM you a link, if you want it.

Well guys I've much enjoyed reading so far. I'm trying to figure out a to-do list got getting a dba set up for use with paypal. After I get the ein through the treasury, and register for the dba, can I use my blacklisted address for the dba? Is it something paypal will get to see? I want to be as legit as possible and get a paypal set up I don't have to be scared about

PP would see the address on the DBA if you ever send them a copy of the document.

Can I get a PM for the link of that fantabulous book? :clap:

Vic,
So if I change up my address a tiny bit (my address is a school - so I'm sure there are a few registered here..it starts with 3000 so if I put something like..3010...will that work?), I can register a DBA/EIN and be set with that as long as the IP and phone is unlinked? That way I can have all the docs, provide a EIN as opposed to a SSN, and of course submit in some of my real invoices ..and I shouldn't face many problems for long?

I can't promise how they will react to the address similarity and the possibility that others use something similar.

In all other respects, you would be fine. Just remember the psychology factor. If you aren't confident, you will project that lack of confidence.

DBA is thin. By itself it helps, but not a lot. LLC by itself has CLOUT! Combine the two and you are GOLDEN.

When you file the papers and all is complete, YOUR BUSINESS IS OFFICIAL. So, with LLC/DBA/EIN, you are solid. Act like it. It's real. And it insulates you.

What is the total cost of filing for DBA and LLC in the states?

The cost varies by location. DBA is usually $50-$225 and LLC $99-$499. It depends on if you self-file or if you have it done professionally.

Need some help with the whole DBA thing....
 

Hello everyone, if you've ever seen my posts my biggest issue was always turning a stealth account into a legit business. Well with our new methods it's time to start doing that.

I have a UPS store box ready and I plan to register for my EIN and LLC shortly but I am little confused about the DBA.

Should I open an LLC under a company name and then assign a DBA to it and use the DBA name for Paypal/Ebay or would the correct thing to do be opening an LLC with a persons name and using that as the name for Paypal/Ebay? If it is the latter, what purpose does the DBA serve exactly? Is the DBA required for opening a bank account/debit card usable with Paypal/Ebay?


Thank you in advance for any help!

-Francis

Francis

This thread is current and will have the best info for you. Read thro' it and post questions there. Thaat way everything can be together.:peace:

I merged the threads. :peace:

anyone....anyone....bueller......

Paypal choose=DBA or Corp?

Give copy of IRS papers w/EIN?

Give voided check or bank statement?

And WTF is up with the non-profit papers they sent? They said that this is how it is & to ignore? Standard or skewed?

Oh BTW the book is appreciated.Thank you.:thumb:

Now they email me from an employees name & want a business model.
Hmmm...anyone experience this?