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Ebay - Tax & LLC questions guys, please help .

Discussion in 'Business & Tax Advice' started by zionbar, Mar 5, 2016.

  1. zionbar

    zionbar Jr. VIP Jr. VIP

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    Hi guysIve decided to take my e-bay business to another level, and I have registered an LLC company for it.I don't really have a clue about this whole thing...For those of you who are experienced, how do I work with an LLC and Ebay+Paypal ? Do I just attach my paypal to a business account that is under the name of the LLC ? should I start charging VAT from people on ebay? How do I manage this whole thing as a business? if someone even has a tutorial / course to share with me that would be awesomethanks a lot !
     
  2. Omirag

    Omirag Jr. VIP Jr. VIP

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    If you are required you must charge VAT. In the US we only have to charge Tax of people in the same state us us.(weird) you can start a paypal business account. Honestly the difference between LLC and not is just that now your assets are separated from the business. Thus is you are sued you can keep your house!
     
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  3. zionbar

    zionbar Jr. VIP Jr. VIP

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    yeah im based in florida, so I only have to charge ppl in florida?
    whats the whole process of getting paid + paying tax on the ebay sales ?
     
  4. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    You charge only people in florida the sales tax, they are responsible for paying their own sales tax if they are from another state.http://dor.myflorida.com/dor/taxes/sales_tax.html
    http://pages.ebay.com/help/pay/checkout-tax-table.html
     
    Last edited: Mar 5, 2016