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How to process customers orders if i dont have a business

Discussion in 'Business & Tax Advice' started by yuyo, Jun 19, 2010.

  1. yuyo

    yuyo Regular Member

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    Maybe someone can tell me how to charge customers if i don't have a business, i have a site that i used for dropship, i signed for google check out, but then they suspended my account for not having a business account.

    anybody knows which company process credit cards, for me if I don't have a business.

    Please reply
     
  2. linkdropper4

    linkdropper4 Junior Member

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    Occupation:
    Large Ecommerce Company That would Kill Me For Say
    Location:
    USA - Midwest
    If you are selling something you have a business. Use Paypal, get a merchant account like Payquake. Go to your bank and open a small business checking account (probably need to register a business name with the secretary of state).
     
  3. Doodlesack

    Doodlesack Newbie

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    Occupation:
    Self Employed Marketeer
    Yes, here is the flow of it:
    1) Go register your LLC
    2) Get your EIN (Employer Tax Id)
    3) Open a business checking account
    4) Apply for a merchant account/processor
    5) hook it up to your shopping cart
    6) Get Money!

    Best
     
  4. yuyo

    yuyo Regular Member

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    well i was trying to sell i have a dropship site , i don't want to open a business is so expensive, so i want to see if there is a way to sell online and used one of those processing credit card companies. So which is the best recommended way.


    how mu ch do i need to open or get a LLC.. AND Get your EIN (Employer Tax Id) ?
     
  5. plasmaflux

    plasmaflux Registered Member

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    If you're in the US, you should seriously invest some time studying this sort of thing.

    How do you intend to build a drop-ship empire as 'just some schmoe'?

    Even if you just go so far as to register a business name with your city/county and get an FEIN (like an SSN for your business); and run the whole thing as a Sole Proprietorship, you're better off.

    If you're raking in cash, even if you're 'not a business', you're still liable for Quarterly Tax Payments, plus an additional 15% income tax for being 'self-employed'.

    A business structure helps to separate 'you-the-person' from 'your-business'. It gives an extra layer of legal protection.

    Ultimately, it's the difference between the IRS taking everything YOU own, and them taking everything YourBusiness, Inc. owns. One leaves you homeless, the other leaves room to re-incorporate under another name and start again.

    There's a big difference between using Black Hat SEO Methods and being just plain foolish when it comes to managing your income.

    Of course, most folks here never make more than a couple hundred bucks with their 'Million-Dollar Methods'; thereby avoiding the need to study this sort of stuf....
     
  6. plasmaflux

    plasmaflux Registered Member

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    This, all the way. Much more concise than my rant above that I was typing as Doodlesack cut right to the point. :D
     
  7. Doodlesack

    Doodlesack Newbie

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    Occupation:
    Self Employed Marketeer
    LLC register cost is about $30 - $50 to expidite add another $50 or so -Done
    EIN - FREE http://www.irs.gov/businesses/small/article/0,,id=102767,00.html At the bottom.
    Merchant/Processor about $20 per month fee AND what ever you get approved for and how much money you bring in will determine. Just call and talk to someone about their rates.

    Best
     
  8. Doodlesack

    Doodlesack Newbie

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    Holly Shit! Finally I can PM :)
     
  9. yuyo

    yuyo Regular Member

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    Just last week i signed with google checkout, but they requested me extra documents, since i could not provide them they suspended my account.

    So the way to go is to register an LLC..

    I was looking for all these comments... as always great people at BHW
     
  10. Doodlesack

    Doodlesack Newbie

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    Super easy, just find out where your local trades commisision building is in your city and get it done. Might be daunting to think about forming a REAL BUSINESS but it is pretty easy. Now you can write shit off next year!! :)
     
  11. yuyo

    yuyo Regular Member

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    One last question?

    How many online shops can I run UNDER one LLC.
    Thank you all
     
  12. plasmaflux

    plasmaflux Registered Member

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    If you structure them all right and funnel the cash the proper ways, you can run infinite sites under one LLC.

    My biznass partner and I operate under the umbrella of an LLC. We have numerous products in the marketplace, all with their own independent business strucutres, websites, paypal accounts, email addresses, etc. -- but at the end of the day all money flows in to and back out of the one LLC.
     
  13. yuyo

    yuyo Regular Member

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    Question For example : If I have a business Paypal account , and I have five online shops, can i use this account for all five sites? have u done? Do they allow it?

    thank you
     
  14. Doodlesack

    Doodlesack Newbie

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    YEah, I try to keep my bigger businesses seperated on their own LLC's. I have two currently are are chugging along great. I have One LLC that I start everything up under that has a 'generic' name. Once that site takes off (if it does :) I turn it into its own and keep it totally separate. Once the dollar amount coming in hits the level I feel that if someone sued me or something for some random reason I dont want it to effect my other established bizzes. This is just me and I know their are a lot of other ways to do it. THat is just mine. I dont want to separate it on its own unless I know it will stick and be a long term thing with me.

    To your success.
     
  15. plasmaflux

    plasmaflux Registered Member

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    I'm looking forward to the day when one of our products goes big enough to spin off into its own LLC.

    I can't wait to visit my attorney and say "I want to sell this million-dollar product to my new company for $1. Please draft the appropriate paperwork."
     
    Last edited: Jun 19, 2010
  16. Doodlesack

    Doodlesack Newbie

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    Are you taking orders with just the regular paypal email or do you want to open up Paypals version of a full on merchant/processor called PayPal Pay Flow?
    If it is the later you can use it in as many shopping carts as you like.
    The reason I separate them is mainly because on the customers billing statement they will see your company name. If it is specific to one biz and not the other them it may confuse them and they may question the charge...

    I created a generic business to use the same merchant account on. when they order I clearly state on the thank you page AND in the Invoice sent them that they should expect to see the charge under "yourbiznamehere". So they can refference the name to their statements....
     
  17. yuyo

    yuyo Regular Member

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    I made a mistake to signed up for a dropship account with xxx company, then i registered a domain, then created a shop then signed up with google checkout, the site is just 30 days old and I already got 2 orders, when i signed google, some information was still pending, so today i submitted the rest of the documents, but it seems that they need me to have a businees so they suspended my account. So I guess the way to go is to register an LLC..
     
  18. neuromancer

    neuromancer Newbie

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    forget google or paypal, use LiqPay it's free, takes 30seconds to sign up, customers pay by Visa/MC and there's no chargebacks or fraud guarantee

    convert your received LiqPay payments into LR or WMZ for only 4-5%. get paid out totally anonymously or just withdraw right to a visa card and cash out through ATM for only 1%
     
  19. yuyo

    yuyo Regular Member

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    neuromancer

    this is what you used is warrantee, can they send me the money to my bank?

    thanks
     
  20. boothjul

    boothjul Registered Member

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    Neuromancer....i've never heard of LiqPay - i'll check that out.
    Yuyo....any accountant will advise you set up a separate LLC for every separate business. It's been said in the posts above, few of us do that, especially not in the early stages.
    What i would do though is form another separate company as an administrative company so that if anyone decides to take legal action against your main company all you need to do is invoice your main company (from your separate administration company) for some consultancy/admin fees to almost the full value of the business, wiping out the company funds & leaving nothing for the sue-mongers :)