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  1. M

    About to create first stealth account, but need clarification before proceeding.

    Half the time, I read that LLCs and corps can get new EINs with DBAs (LastBlow recommended it). The other half of time, I read that it is not possible and that to have multiple EINs under one company, subsidiaries are required. I guess people must be confusing subsidiaries and DBAs since they...
  2. M

    About to create first stealth account, but need clarification before proceeding.

    Seems like a lot of paperwork and filing fees though. Perhaps it can be streamlined with a Series LLC in which the parent company is registered in CA while the sub companies are not. This is the same as having one LLC with multiple DBAs. I am understanding this better. Though the example you...
  3. M

    About to create first stealth account, but need clarification before proceeding.

    Are you suggesting a structure in which the parent LLC is formed or registered in CA, with the sub-LLCs formed strictly out of state and taxed individually rather than have all the taxes consolidated on on the master tax form? If so, I don't understand how this helps, unless the sub companies...
  4. M

    About to create first stealth account, but need clarification before proceeding.

    By state I meant California. They would see the discrepancies in my taxes and send the IRS after me. I would get traced to Wyoming, then they would then go to my registered agent for my info. Unless of course Wyoming wouldn't comply with such a request. So in your opinion, how viable is...
  5. M

    About to create first stealth account, but need clarification before proceeding.

    It's inevitable that the state would ask the agent for my ownership info. That's why I didn't think this method was safe. I am aware that the foreign business registration is done voluntarily, but it might as well be mandatory given the steep consequences should one elect not to.
  6. M

    About to create first stealth account, but need clarification before proceeding.

    I read it again, and the only method I see applying to me is forming the company in a state like Wyoming that doesn't keep/report ownership info. If I were to hire myself as an employee, the company would be still be operating in California. Me sitting in my bedroom with my laptop managing an...
  7. M

    Intro and a thank you!

    As far as I can tell, it did not have any effect on my PayPal standing since I didn't receive any notices from them.
  8. M

    About to create first stealth account, but need clarification before proceeding.

    Is there something wrong with UK accounts? Are there any disadvantages with EU accounts and using them on the US ebay website? Anything else I should be aware of? I would like to use such an account for long term selling.
  9. M

    About to create first stealth account, but need clarification before proceeding.

    Right, because being an employee in California would mean that the business had nexus in California. If I can't do this then I am screwed. It seems like my only option is to run multiple unverified stealth accounts since sole prop DBA won't work, and having separate business entities is way...
  10. M

    About to create first stealth account, but need clarification before proceeding.

    Sorry to bump this thread again and double post, but I can't respond to PMs yet. Can I see any tax attorney regarding the avoidance of CA franchise tax, or do you recommend certain specialists? I suppose I could form a corporation in Wyoming, and then make myself an employee while hiding...
  11. M

    Hey guys i need to buy an new Laptop for working at home and take it with me

    You should check out the SuggestALaptop subreddit on reddit for a list of recommendations. They might have some that fit your criteria. That's how I got my Acer Aspire V5-473P-5602 for around $550 a few months ago - 14" 1080p IPS with i5 and 7 hr battery life. Not bad for entry level! :)
  12. M

    Intro and a thank you!

    Hello everyone! I've been lurking this site for the last month ever since ebay restricted my selling "privileges" for the rest of eternity. I've learned LOADS, and will continue to learn even more. I am now on my way to getting my business back, and I hope to expand my business even more with...
  13. M

    Guy goes to Mexico to kill himself, $2000 later decides life's worth living

    Well, vices are the spice of life. That's a hell of a lot of spice though. It's ironic how the things most people end up destroying their lives with were the things that saved him.
  14. M

    Finding good wholesalers?

    I can't post links yet, so I will just explain my method for finding such sites. In google, I type in "sites like X." X is usually a wholesale directory that I already know of. For example, right now I can type in "sites like wholesalecentral" and the first few results are from websites that...
  15. M

    About to create first stealth account, but need clarification before proceeding.

    Not sure what went wrong, but I don't have a pm from you in my inbox. -EDIT- Nevermind, I see it now. seems like you posted here before you sent the PM.
  16. M

    About to create first stealth account, but need clarification before proceeding.

    Yes, I am in Cali. It has some of the most inane laws. I would register the business in another state, but Cali imposes a foreign business tax, meaning that even if the business is established in another state, it is forced to pay the same tax as a native Cali business if it operates or...
  17. M

    About to create first stealth account, but need clarification before proceeding.

    Yes, I am in Cali. It has some of the most inane laws. I would register the business in another state, but Cali imposes a foreign business tax, meaning that even if the business is established in another state, it is forced to pay the same tax as a native Cali business if it operates or...
  18. M

    About to create first stealth account, but need clarification before proceeding.

    After doing extensive research on the tax implications of the different business structures, it doesn't seem like a S Corp or LLC is beneficial to me. My state charges an minimum annual fee of $800 to run either, and there's an additional 1.5% income tax for s corporations. For these reasons...
  19. M

    About to create first stealth account, but need clarification before proceeding.

    Ok, I understand now. Thanks for the explanation! I used my phone to manage my last ebay account several times a day for the last year, so I'm pretty sure I've exhausted all the IP variations in the pool. I'd rather be as safe as possible and use another service.I likened the single member LLC...
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