Forum

LTD Company
 

Hi,

I am looking to set up a real LTD company and would like to know if anyone has done this without too many problems? I need the account to be solid, as this will be a real business..

Any help would be appreciated.

I'd recommend you research this via the search function on the board.

Hi,

Thanks for the advice. I have already done this few times but using search for 'LTD' does not work. Using Limited company brings more info about paypal limited.

With regards to you running a 'solid' EB/PP A/C.....that boils down to how you run & manage this EB/PP A/C....that is the only way it is going to be 'solid' over time.

You need to build the EB/PP A/C slowly over a period of time, set it up correctly the first time around & refrain from listing VeRO items or high risk items or too many at once etc etc.

Having an LTD does not short cut these basic principles.

This might sound simple or basic but it is a starting base.

Hi,

Once again thank you for your reply. I understand the mail order business very well. The first and only ebay account which was suspended was a business account and this was due to the snow and royal mail back logs in 2010. The business was sending out over 300 packages per day towards Xmas. Sadly, royal mail didn't tell us that our local delivery office had a massive backlog and over 5000 packages sent from our company arrived 2nd and 3rd week in Jan 2011. Resulting in a number of ebay cases, negatives, and a loss of £20,000 to the company. Why? Because ebay issued refunds to customers, but the packages arrived late. Prior to this - we were top rated seller with protection!

How old was this previous EB/PP A/C ??? What were the selling/volume limits per month on it ???

Do you have a separate selling channel aside from EB ???

Both open in 2000 - ebay never had limits (well before it was taken down due to being bellow standard). PayPal still going strong verified, and documents sent over 10 times as and when Paypal needed them. Limits normally lifted within few hours of the documents going through.

We use Amazon that is doing well no problems, and a number of our own websites.

I would say that EB A/C is 'dead' for any further functional seller purpose....you don't say but I am guessing you mean to say your EB A/C has been indefinitely suspended from selling or to that effect ??? That associated PP A/C can be used for NON-EB transactions.

It is sensible that you have other income streams & not put everything in one basket.

The Ltd route can be worked to your advantage as I've explained in my PM to you.

EDITS:
I take it you know how to successfully setup & operate stealth EB/PP A/C ???

Thank you for the reply. Yes, I know how not link the accounts. The first account is gone, we have tried to appeal 3 days ago via live chat, phone and email but get the same old reply - sorry, you are a really bad seller, with 99.9% positive feedback, but because you lost £20,000 and all of our customers got their products late due to royal mail mess up we no longer want to do business with you. Yes, we have been aware of this problem, and unlike Amazon we didn't put up any message to our customers to warn them about this issue. We would rather take the money, earn our commission and when customers complain we will issue them a refund - and customers get a free Xmas gift at your own expense. That is why our Ebay customers love using our item not received cases.

Fact: Amazon actually listen to sellers, and help you when they can. Ebay customer support is just crap!

Now back to the LTD question.

How to you verify the account with the LTD company?

Perfectly doable. Most of my accounts are limited companies but I suggest you get subscribed. A lot of info cannot get put on open forum for obvious reasons and is in the subscribers section.

If you are going to go this route, and you obviously are, you need to have all your little ducks in a row before going near Ebay.

In my opinion this is the easiest way to build long lasting accounts BUT it needs to be set up correctly from day one.

I cannot emphasise that enough - from day one

:ranger:

In exactly the same way as you verify a non limited company account - you need to think laterally here

By supplying the requested paperwork of the parties involved with the company

Thank you for your replies. So, the person assigned to the paypal account and the ltd company has to be someone who has not been suspended before?

Correct

:ranger:

I am planning a similar route, does this mean this non suspended person has to be the owner of the company too? I am confused in this little bit, is the director a stealth? If so, then how does he/she open a bank account :S

Searched and searched but cannot find the answer to this:confused:

Simply because the details of such arrangements, legally creating a LTD, must be done with due diligence & care by experts.:juggle:
Your bank account question could also be addressed there.

:juggle:Answered where Greenbean?

infinitelyannoyed - this is a wide open forum and your question is unlikely to get the answer you are looking for - you never know who's reading this do you? :spy:

Spelling out time I see. Applies to EVERYONE considering creating companies in the UK.

No-one here on the forum is privy to the potential set-up of any users who want to use ebay as an LTD.

Our base line of info is users have been previously suspended on ebay.

The steps to create companies have to be exact, precise & conform to UK law.
Further, such companies need to be able to withstand scrutiny from ebay/paypal.

The key to that success will be in their creation in the 1st place. Expert advice will cover that hurdle
:amen:

The LTD process is just as simple in the UK as USA I am figuring?

Thanks Greenbean :)

LTD is unique to UK & Commonwealth as far as I know.

'Simple' and complying with tax, VAT, liability at law might not marry well.:juggle:

Hmmmm.
2 things keep throwing me...the director and bank account:help:

Hi,

I find some replies on here very confusing and coded.

This was a simple answer on how to open a Ebay & PayPal accounts using LTD company to run a business like any other business. Obviously the LTD company will be opened and confirm to the UK laws. To be honest GreenBean I didn't think anyone has opened a LTD company through the companies house and didn't confirm to the UK Law. But I stand to be corrected.

For anyone who is actually looking for and the way I see this is:

1. You open a LTD company as you would any other LTD company.
2. The director can be you.
3. When you open a Ebay account and PayPal accounts you enter the main contact details this can be anyone who is associated with the company but who has not had any issues with ebay or paypal.

Overall it's same as being self employed you still need someone who is associated to the business to deal with the Ebay and PayPal.

If anyone thinks I am wrong please feel free to correct me.

If you're suspended then it cannot be you.

So the contact could be stealth? But then how do you get docs and bank account?

Also could you register the company at a PO Box?

webprojectuk,

I think GreenBean™ means to say you need to get qualified professional help with this to ensure everything is satisfactory to UK compliance.

Then go ahead and waste your money and your time - it's your choice

:ranger:

LOL.. I love the fact the help on here is getting better minute by minute. Actually, 5 days later I am still no wiser and I am sure this applies to many others following this thread.

So, how is your post going to help anyone reading my post?

I would purchase the stealth guide (&/or if you have it, activate your membership) for some of the points you raise in the subscribers section.

You have been advised on post 19.

Most of us on here, particularly the execs, are what they are because they try to help people who have been abused by the EB/PP system

We start off as being subscribed members - ergo - we put in.

We are acutely aware that a lot of visitors and unsubscribed members peruse this forum to glean what we do.

You have come on looking for advise on a particularly sensitive matter - not to everyone - but to me very sensitive and you expect me and others like me to spill our secrets to you. Then they will get abused and be secrets no more

Who are you? What have you put in? Why should I trust you with my secrets and valuable information and work arounds? Once again who are you?

You have been given excellent advise by SUVE - I suggest you follow it if you want to get where you are trying to be

:ranger:

LOL – I think I finally get the message .

there are more ways than one to skin a cat and when its come to LTD and PP i dont think linking the two are good for your ltd in the long run.

on my first ltd that PP killed i lerned some Very Very valuable lessons.

My second time round, i keep the LTD Separate from PP/EBY and my websites

i create stealth PP sole trader accounts in trading names for websites, and use a mix on eby.

there are loads of reason i do things like this but each to there own.

as long as you paper works in tact :clap:

Hi,

Thank you for all your replies.

I don't plan to have any further issues with Ebay to be honest. We already run another Ebay account which is Top rated seller, 99.99% positive feedback, and has been running for over a year without any problems or id requests. However, this account belongs to a family member who is now seen what is possible and is looking to get the account back.

So, this is the reason why we are looking for the best way to setup a reliable account without creating too many problems for the company.

Did you ever ? :juggle:

Yes, fair comment but you learn from your mistakes, I know now what NOT to do. I.e. if you ratings start to go down - CLOSE THE ACCOUNT! Unless you know how to correct them quickly which, we have figured a way around this as well.

That very reply suggest you've not grasped the nuances of using ebay.

Unless ebay/paypal close an account, it should stay up.
That's your business though.
:peace:

Now back to the thread and the original Question 'LTD Company' - how to go about this 'That is the question'

I thought TizWoz's post was very helpful in respect to your query.

The actual setup will have to be evolved, developed & tweaked by yourself tempered by your own resourcefulness & hard graft, barring seeking a professional expert on this.

you can be a silent partner, use a name director/secetry and so on.

there are loads of work arounds for LTD Companys.


hope your listening to this ............



See you soon, no i mean it, see you after the ltd and eby combo fail :juggle:

ltd company directors are publically searchable, in addition so are the company secs and other load officers. To be honest if you want to be completely safe a ltd company should not have banned details for any of the above.

will paypal/ebay ask for YOU to supply just the details of principal and take it at face value and let you carry on or will they take it upon themselves to do a public search and check the whole company out? thats why you need to think carefully before making the time cost investment of a ltd company, bottom line is it is more solid a status, but a sole trader is an acceptable alternative.

and as for the minute by minute advice you get on this forum, I agree hard to beat.....:amen: