silverdollarbill
Hero Member
- Aug 27, 2012
- 898
- 907
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- Tesoro Outlaw
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- All Treasure Hunting
Hello Tnet Friends,
I'm curious what everyone thinks if the best business structure for selling on eBay: sole proprietorship, LLC, S Corporation?
I found this article which is helpful but still struggling with pros and cons.
Background:
- I will most likely have between $20-$40K in annual sales (approx 75% profit)
- I have a teenage old child that will be doing all the selling: listing, packaging, etc
- Looks like underage children can earn $12K annually tax free
In this situation, what is the best structure?
thanks,
bill
I'm curious what everyone thinks if the best business structure for selling on eBay: sole proprietorship, LLC, S Corporation?
I found this article which is helpful but still struggling with pros and cons.
Background:
- I will most likely have between $20-$40K in annual sales (approx 75% profit)
- I have a teenage old child that will be doing all the selling: listing, packaging, etc
- Looks like underage children can earn $12K annually tax free
In this situation, what is the best structure?
thanks,
bill