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  1. #1
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    Question Help -- Business Entities ... DBA / LLC / Inc ???

    Hello,

    I currently have an eBay store that I want to expand and build a completely separate website (eBay is making a killing on fees and it's ridiculous). Right now, the business is in my personal name and transactions are being done via PayPal.

    I live in Illinois, but I've heard a lot about the tax benefits of establishing a business in the state of Nevada.

    All of my products are drop shipped in other states - not in Illinois.

    Do I set up a DBA, LLC, or Inc in Illinois, Nevada, Delaware, etc.? In the website that I'm building, I want customers to be able to see the company name on the transaction, or even domain name of the site.

    After I set up the business entity, I'll need to set up a merchant account -- any advice on who the best company would be for this?

    Any experiences and/or advice would be much appreciated.

    Thanks.

    -Tim

  2. #2
    Life is short. Be happy today! silver trophybronze trophy Sagewing's Avatar
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    This is a question that would probably be best answered by your accountant.
    The fewer our wants, the nearer we resemble the gods. Socrates

    SAGEWING LLC - QUALITY WEB AND MOBILE APPS. PREMIUM OUTSOURCING SERVICES.
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  3. #3
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    No problem ... just figured that people here would have some experience in this area.

  4. #4
    Life is short. Be happy today! silver trophybronze trophy Sagewing's Avatar
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    We do (lots of it, actually) but without understanding your revenues, current tax status, marital status, growth plans, liability issues, etc. it's really hard to say.

    A CPA can look at YOUR taxes and say 'yes you'll get a big benefit from an LLC' or 'no, stay a sole prop unless you need liabiity protection'.
    The fewer our wants, the nearer we resemble the gods. Socrates

    SAGEWING LLC - QUALITY WEB AND MOBILE APPS. PREMIUM OUTSOURCING SERVICES.
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