 Creating a UK Limited Company for Stealth Account - help?
I've read 'auction stealth' and although it's a great ebook that gave me some good ideas, it does focus more on the US side of things.
Our current UK ebay account is running a long nicely. 3 years old, lots of feedback and high compliance status.
Our paypal is also nice and old.
But.. we want back ups incase everything goes tits up.
So MY PLAN... - Register a UK Ltd Company.
- My partner and I will be the directors.
- The address for company will be the accountants.
- Skype telephone number with voicemail.
But... the problem I see here is that the the directors names are already
linked to ebay accounts. We both have account now and have had them
in the past (I have a few limited about 6 years ago).
So.. the solution. - We bring a friend on as Secretary/Treasurer.
- Get company credit card in their name (we're still liable for debt obviously).
- Open new ebay and paypal account in company's name but put down secretary/treasurers contact details incase we need proof of ID.
- Credit card on file is in secretary/treasurers name. So it's clean of either mine or partners name.
It seem's pretty water tight.
But.. is it overkill? Do they really need to be treasurer? I was just thinking it meant that they'd be listed on the 'Memorandum of Association' documents which would make it super-easy and legit when coming to verify and limited accounts.
Would love some opinions on this.
I have plans to build 3 back up accounts like this so want to start on the correct path!
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