It is my individual Amazon seller account. I have no own LLC, but a friend of mine does have an LLC. Currently, this LLC is not used on Amazon, and it is being used for the first time.
It is my individual Amazon seller account. I have no own LLC, but a friend of mine does have an LLC. Currently, this LLC is not used on Amazon, and it is being used for the first time.
It is my individual Amazon seller account. I have no own LLC, but a friend of mine does have an LLC. Currently, this LLC is not used on Amazon, and it is being used for the first time.
It is my individual Amazon seller account. I have no own LLC, but a friend of mine does have an LLC. Currently, this LLC is not used on Amazon, and it is being used for the first time.
3 replies
Seller_LyYw7fQRKc5G7
Why would you not get your own LLC? If you use your friends then he can say that he is the legal owner of the account, not you.
I sincerely recommend that you get your own business LLC and use it. This is for a variety of legal reasons and protections that the LLC provides its owner.
Seller_kIukTwdhvntAp
In addition to what @Seller_LyYw7fQRKc5G7 says, if your 'friend' decides to open an Amazon store at some time Amazon WILL link you to the other store.
At that point there is a very good likelihood that you BOTH can be suspended, not to mention all the legal and tax implications.
BAD IDEA.
Seller_nRFmxiQg4EGrw
Even disregarding any of the issues with Amazon (linked accounts, id verification, etc.) the costs of hiring an accountant to handle the complicated tax situation that you will get yourself (and your friend) into will far exceed the cost of setting up your own LLC.
And while many here (including myself) recommend that you have an LLC, it is not a requirement for selling on Amazon.
