Question – I’m been selling on Amazon for about a year as a sole proprietor. I recently created an LLC with a new EIN. What’s the best way to get my Amazon store under the umbrella of my LLC? Just go in and change the legal entity to the LLC’s info? What are the potential problems come tax time?
If it’s a pass-through LLC< nothing is going to change based on my experience. You could open a seller support ticket and tell them what day you will change your tax status. You may have issues with them locking you out for security verification otherwise. A sole proprietor is a disregarded entity similar to an LLC anyway and at tax time, tax treatment should be pretty easy as the taxes with the Schedule C.