eBay Suspended & PayPal Limited Forums - Name of the business owner

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eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)

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- - Name of the business owner (https://www.aspkin.com/forums/subscriber-discussions/97175-name-business-owner.html)

o.s.1

06-13-2016 07:14 AM

Name of the business owner

Hey.
If one Amazon account got banned, in amazon UK. Then, i'm going and opening new business, bank account etc. but the thing is that the business owner name is the same band name....

**I'm opening a new business for that purpose, because i know the sales volume is going to be pretty big...

GreenBean

06-13-2016 07:31 AM

Re: Name of the business owner

And you will be suspended again.

:faint:

o.s.1

06-13-2016 07:46 AM

Re: Name of the business owner

Quote:

Originally Posted by GreenBean (Post 779314)

And you will be suspended again.

:faint:

Yes...i know, i didn't actually go and open the new biz for that porpose...i'm asking for advice :)Is there any way around it (that doesn't requires involving family members / friends etc.)? Again..its in UK.

Thanks!

vetus

06-13-2016 08:56 AM

Re: Name of the business owner

So why don't you make up a business name, print of sales receipts and then put all your transactions and sales history paperwork through the REAL business?

Doesn't matter what business name you give to Amazon UK / EU - you could run 100 accounts and print all the paperwork and put through 1 real business.

o.s.1

06-13-2016 10:44 AM

Re: Name of the business owner

Quote:

Originally Posted by vetus (Post 779344)

Hey, thanks!
https://www.gov.uk/get-information-about-a-company
according to this link, they can find out if its a real biz or not...

Ebayorbust

06-13-2016 10:46 AM

Re: Name of the business owner

That's why it is far better to do business on Amazon and Paypal / Ebay as a sole trader versus a Ltd company.

o.s.1

06-13-2016 10:48 AM

Re: Name of the business owner

Quote:

Originally Posted by Ebayorbust (Post 779366)

That's why it is far better to do business on Amazon and Paypal / Ebay as a sole trader versus a Ltd company.

Its a bit problematic if you sale a lot i think...or i'm wrong?

vetus

06-13-2016 10:55 AM

Re: Name of the business owner

Where you getting your information from?

Has nothing to do with what how much you sell, you will just pay more tax.

JamesNorth101

06-13-2016 11:03 AM

Re: Name of the business owner

Quote:

Originally Posted by o.s.1 (Post 779367)

Its a bit problematic if you sale a lot i think...or i'm wrong?

Perfectly fine to sell as a sole trader.

dan_ebay

06-13-2016 12:11 PM

Re: Name of the business owner

tax isn't even much more for a sole trader now they put dividends tax up. Only issue is if you get into debt its your problem rather than the companies, like if you get sued or owe hmrc or suppliers money you can get away with just closing the company rather than going bankrupt yourself

JamesNorth101

06-13-2016 12:12 PM

Re: Name of the business owner

HMRC go after directors if they are owed taxes regardless of it being a Ltd

dan_ebay

06-13-2016 12:15 PM

Re: Name of the business owner

Quote:

Originally Posted by JamesNorth101 (Post 779377)

HMRC go after directors if they are owed taxes regardless of it being a Ltd

Well I meant the company owing money, most of the tax you pay 'yourself' is from the company with your salary getting taxed as corp tax/dividends rather than all paye.

They very rarely go after directors anyway

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