Re: Is There a Managed Payments Guide?
Darn, sad to see the guide still has not been updated since 2022.
These are the steps I have put together so far based on my reading around the forums. Let me know if anything is out of date:
1. Incorporate new sole prop LLC if not already. Get EIN.
2. Get a Sales & Use Tax Permit from the state. This will be needed later to avoid paying taxes on Amazon.
3. Open a new business bank account using Barclays that allows easy virtual bank account openings online.
4. Get an address from UPS (PO Box) for the business. We will use this for the eBay address.
5. New Residential IP from IP Burger for eBay account plus Amazon account.
6. Connect to this IP using your laptop.
7. Create a new user account on your laptop specifically for your new eBay account. Only log into an eBay account from the associated user on the laptop computer.
8. Create a new Amazon personal account using the EIN. Verify using the new bank account you created. Apply for sales tax exemption (yes, you can do this with a non-business Amazon).
|