Sort of newbie here (registered few weeks ago, analysed loads of threads and read the book). Looking forward to understanding more and hopefully sharing experience.
I need your expertise
could you please have a look at what I call 'plan' ?
Background: I used to sell high value used, unique items (usually $250-$500) as a private seller. At some point became Business Seller and went for Premium PP account. Unfortunately got not satisfactory performance based warning and my seller's account became limited to 40 items. Not so bad but prefer to cool down the accounts for a year rather than being suspended because of an aggressive buyer whatsoever. Started to dig through this fantastic forum (thank you lads and guys!!!) searching for the formula of serious, stable stealth accounts. I own a sole-trader type company (registered in my name). This is what I'm going to do:
1. Set up a website/shop 'selling' my stuff.
2. Create few sub-accounts in my company's account
2. Register stealth business PP account acting as an employee of existing (friend's) ltd company.
3. Activate PP payments in the 'webshop' in order to justify my future PP income.
4. Get PP verified with:
4.1 my company's bank sub-account (can you assess the risk?)
4.2 prepaid card (not 100% sure if possible for business account) registered in the name of employee (or friend's company)
5. In case of manual verification I'm able to show friend's company and employee's paperwork.
6. Set up an eB Business Seller account, link it to the above PP account and go STRRRONG!
7. PP funds will be withdrawn to my company's sub-account and the tax will be paid.
If succeed will do it again and again...
Hope there are not many weak points and wishful thinking. Please point out what's wrong or potentially dangerous. Give me some directions. I'm happy to improve so called 'plan' as long as approved by you!