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How to change from Single Member LLC owned by Individual to Single Member LLC owed by entity

Hoping an Ebay Rep can read and reply.  Last year when changing from Individual to Business, according to my CPA, I mistakenly signed up as 'Single Member LLC owned by Individual' when I should have selected 'Single Member LLC owned by Entity'.  He asked me to change it.  So I went to account info and next to 'type of business' there was an edit button.  The presumes you can actually edit.  I click and it only lets me 'confirm' or go back.  Assuming this cannot be correct as MISTAKES should be allowed to be fixed I called Ebay.  I was passed through four people.  One actually told me to close my account and start over.  Sure, 24 years, 24,000 feedback and 100%.  NO WAY. The last person, identifying s Harold, was just as unknowledgeable as the others but did try to help.  Of course he said he took down concern and passed on and that I would hear back.  Well, in typical fashion, I heard nothing.  So I cannot utilize the edit button to actually edit, and ebay's very own cs cannot help, the only recourse is to get attention of competent Ebay person behind the firewall of phone call level personnel.  If anyone can offer objective help please message me through my seller account.  Thanks

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How to change from Single Member LLC owned by Individual to Single Member LLC owed by entity

PLEASE NO MORE REPLIES.  SOME PEOPLE JUST HAVE TO CHIME IN ON THINGS THEY KNOW NOTHING ABOUT NOR ADDRESSES THE ACTUAL CONCERN.  ONE PERSON HAS DONE WHAT I KINDLY ASKED AND I HAVE A RESOLUTION. 

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How to change from Single Member LLC owned by Individual to Single Member LLC owed by entity

@craigkevin 

 

In the monthly chat regarding taxes, eBay staff reported that eBay treats a single-member LLC as an individual, using the IRS guidelines for a "disregarded entity"; and eBay will issue a 1099 using the SSN (not the EIN) of the owner of the LLC.

https://www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-compan...

 

Are you the owner of your other entity (like a Trust or S-corp)? I would recommend asking your accountant how to handle a pass-through, as I don't think eBay even has an option for a single-owner LLC "entity".

 

 

ShipScript has been an eBay Community volunteer since 2003, specializing in HTML, CSS, Scripts, Photos, Active Content, Technical Solutions, and online Seller Tools.
Message 17 of 19
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How to change from Single Member LLC owned by Individual to Single Member LLC owed by entity

1.  Your first sentence true but wasn't my question.

2.  You recommend I ask my CPA?  You don't think my CPA is behind this? Lol.

3.  What I specifically asked to be changed to is in Ebay's options so not sure why you would say 'don't even think ebay has that option'?taxes.jpg

 

 

Message 18 of 19
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How to change from Single Member LLC owned by Individual to Single Member LLC owed by entity

PLEASE NO MORE REPLIES.  Thank you.

Message 19 of 19
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