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Question on opening an anonymous biz

Discussion in 'Business & Tax Advice' started by hardon, Apr 24, 2017.

  1. hardon

    hardon Newbie

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    Hi There,

    I feel like this is not complicated but it seems to be.

    I want to open up an online store on shopify. I want to be able to sell an item. This item is not illegal. For reasons to do with old business partners etc. I would like to sell this item anonymously. I don't want anyone to be able to trace where the funds are going to. (I guess I may need a secret bank account)

    That being said. I am not trying to avoid the tax man. Just others who may be looking into how to find out who I am/
     
  2. toml3030

    toml3030 Elite Member

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    Is this US or outside US? If in US under 200 items/$20,000 sales per year you can just buy a stealth paypal account and be done with it. If it's over 200 item /$20,000 you can set up a Nevada or Wyoming LLC which does not require filing of who the owners are.
     
  3. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    I'm sure your biz is legit, but think about if this were possible, what terrorists and criminals could do?

    The reason money is traced these days is not cuz of internet marketers or small business issues with former partners, but because moving money is too easy and criminals could do it if they didn't trace it.

    So in the west it's gonna be very hard to do what you're asking for. You probably need a offshore solution somewhere like cayman or something like that.
     
  4. RuthSam

    RuthSam Jr. VIP Jr. VIP Premium Member

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    Hard, maybe, expensive, no - possible sure it is and can be done very simple depending on what requirements you have. All it requires is a offshore company and EMI account and some knowledge to setup things.

    That said, your budget should at least be €1500 to setup it's not a $20 stealth Paypal solution :)