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  4. Ebay Powersellers and Sole-Proprietorship

Ebay Powersellers: Are you risking everything by operating as a sole-proprietorship?

Ebay powersellers and sole-proprietorship

You've worked hard to get where you are and you should be proud! You are one of the elite few that have taken on the challenge of being an eBay entrepreneur. You have overcome the obstacles and are on the road to success. Now you need to take it to the next level.

By operating as a sole-proprietorship (or even worse, a general partnership) you are risking everything that you have worked so hard to build. While sole-proprietorships are easy and inexpensive to start up, they are like ticking time bombs... you might as well just hand over all of your assets on a silver platter. Being a sole-proprietor leaves your business and your personal assets open to lawsuits and creditors. Not just creditors from your business, but personal creditors. Most people don't realize that all it takes is one simple fender bender on the way to the supermarket and EVERYTHING YOU OWN IS GONE! Even a corporation cannot completely protect you... but a Limited-Liability Company or "LLC" can! An LLC offers two levels of liability protection: one that protects your business from you (your personal creditors), and one that protects you from the creditors of your business!

You've no doubt encountered the customer who is hesitant about doing business on the internet. In this fraud-laden age, even the most tech savvy can be skittish about purchasing online. Having "LLC" after your name gives your business the extra credibility it needs to give your potential customers confidence. After all, when you purchase something on the internet, don't you feel better working with a business rather than an unknown individual who may be difficult to track down if things go awry? A noticeable increase in your sales will easily overshadow the nominal set up costs of your LLC.

With a simple strategy using your LLC, you can save on those hefty federal self-employment and state-imposed taxes. Nevada and Wyoming are considered tax havens, and for good reason. These two states have ZERO taxes and you don't have to physically live there to use one! There is a reason why the rich get richer... let us walk you through the process of eliminating a lot of your unnecessary tax liabilities.

What about the future? How are you going to take your business to the next level? You're an entrepreneur and the only glass ceiling that you face is the one you've placed above your head! Your opportunities are limitless and as you grow your business, you will also grow your business's worth. As an LLC, all of your assets, intellectual property, branding, eBay feedback and revenue will be wrapped up in a nice little package that you can raise financing for or even sell. Without your business being in an LLC, what are you going to do if you want to raise financing or bring on partners? You can't exactly sell off pieces of yourself when you need capital!

With an LLC your future is secure, your sales are booming and your assets are protected... For small businesses, no other business type can compare! When set-up correctly, they can offer powerful tax breaks, customer confidence, a powerful shield against lawsuits and creditors, a credit history separate from your own, and transform your business into an asset you can sell when you're ready to retire!

Form an LLC today and let us show you how to transfer your business into your LLC virtually overnight - all without losing your eBay ranking or feedback!

It's time to take your eBay business to the next level!
Form a Corporation or LLC with MyLLC.com® for only $99
(Plus shipping & state fees)

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Disclaimer: This information is made available by MyLLC.com, Inc. (the "Company"), and is intended for educational purposes only, and it is not legal or tax advice. No action should be taken in reliance on any information in or on this site without verification with legal or tax counsel, after review of the facts and current law, that the action to be taken is appropriate under the circumstance. Except as expressly provided to the contrary in writing by the Company, the materials contained on this site are provided on an "as-is" basis without warranties of any kind, either express or implied. Company disclaims all other warranties, express or implied, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, title and non-infringement as to the information, content and materials on and in the site. Company does not represent or warrant that materials on and in the site are accurate, complete, reliable, current or error-free.
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Nevada's Tax Laws have changed
Effective July 1st, 2015:
Be aware that if you are currently incorporated in the state of Nevada, or are considering becoming incorporated in Nevada, 2015 changes to the tax laws may directly affect and increase the costs to your business!

What is your first step? Simply choose which of the following two options applies to your business:

ALREADY INCORPORATED in the state of Nevada? 2015/08/15 - Your annual fees increased from $325 to $650, and that’s not including the Commerce Tax if it applies to your business! Further, you will now be required to file your tax return with the NV Department of Taxation with June 30th as the fiscal year, not the calendar year! Review these changes with your tax advisor immediately! If you choose to re-domicile your corporation in another state, MyLLC will file the re-domestication paperwork for you!

TRYING TO DECIDE WHICH STATE is best to incorporate your new business? MyLLC strives to provide you with up-to-date information and exceptional customer service. Contact your tax advisor to review your options and then talk to MyLLC's Incorporation Professionals to assist you in filing your articles of incorporation as well as provide you with Registered Agent services!

MyLLC is committed to assisting you in this process but you must contact us today!

Call us toll free at 888.88.MYLLC or fill out the contact form so one of our experts can help you.
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