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Seller_s0q4eT0IHyb5N

Changing from a business to self employed

Hi,

We are closing down the Ltd company, and I'm just selling off the final stock under my own name (we have purchased the remaining stock from the company). However, Amazon still has our account registered as a business and I can't edit the bank account (it says the account needs to be in the name of my business)

I've asked SS, but I'm not holding out much hope for a good solution - so I thought I'd ask here to see if anyone has any ideas :)

Thanks

Andy

402 visningar
11 svar
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user profile
Seller_s0q4eT0IHyb5N

Changing from a business to self employed

Hi,

We are closing down the Ltd company, and I'm just selling off the final stock under my own name (we have purchased the remaining stock from the company). However, Amazon still has our account registered as a business and I can't edit the bank account (it says the account needs to be in the name of my business)

I've asked SS, but I'm not holding out much hope for a good solution - so I thought I'd ask here to see if anyone has any ideas :)

Thanks

Andy

Kontoinställning
Taggar:Registrering, Seller Central
00
402 visningar
11 svar
Svar
0 svar
user profile
Seller_ZVAz3d5lZuGid
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

You are still a business even if you are self-employed, so it is just a case of not Ltd anymore. You're right about SS - they will be useless I guess ! Others who are or have been Ltd, may be able to advise better than me.

70
user profile
Seller_SnuCWrfrCaFmh
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

It's easy enough to do if you know how.

Go to...

Settings > Account info > Business information > Transfer account

I've done it before (Ltd to Sole Trader) and it's pretty straight forward.

Be prepared to have to re verify everything as on Amazons side it is transferring to a new entity even though in reality it is yourself, this can take some time, it was 3 days when I did it but I have seen others take much longer.

Make sure you fill in the new details EXACTLY as they appear on your supporting documents to make the process as smooth as possible and reduce the chances of being asked for further things.

I hope this helps

30
user profile
Seller_s0q4eT0IHyb5N
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Thanks @MiTrad . My biggest concern - what bank accounts does it require? As a self-employed entity, I just have bank accounts in my name. For the business side, obviously, its always been in the company's name. Will they accept non-business bank accounts?

00
user profile
Julia_Amzn
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Hello @Seller_s0q4eT0IHyb5N, thank you for reaching out. I will transfer your thread to the Account Health category, where my colleagues will provide further support.

All the best!

Julia.

00
Följ den här diskussionen om du vill få en avisering om ny aktivitet
user profile
Seller_s0q4eT0IHyb5N

Changing from a business to self employed

Hi,

We are closing down the Ltd company, and I'm just selling off the final stock under my own name (we have purchased the remaining stock from the company). However, Amazon still has our account registered as a business and I can't edit the bank account (it says the account needs to be in the name of my business)

I've asked SS, but I'm not holding out much hope for a good solution - so I thought I'd ask here to see if anyone has any ideas :)

Thanks

Andy

402 visningar
11 svar
Kontoinställning
Taggar:Registrering, Seller Central
00
Svar
user profile
Seller_s0q4eT0IHyb5N

Changing from a business to self employed

Hi,

We are closing down the Ltd company, and I'm just selling off the final stock under my own name (we have purchased the remaining stock from the company). However, Amazon still has our account registered as a business and I can't edit the bank account (it says the account needs to be in the name of my business)

I've asked SS, but I'm not holding out much hope for a good solution - so I thought I'd ask here to see if anyone has any ideas :)

Thanks

Andy

Kontoinställning
Taggar:Registrering, Seller Central
00
402 visningar
11 svar
Svar
user profile

Changing from a business to self employed

av Seller_s0q4eT0IHyb5N

Hi,

We are closing down the Ltd company, and I'm just selling off the final stock under my own name (we have purchased the remaining stock from the company). However, Amazon still has our account registered as a business and I can't edit the bank account (it says the account needs to be in the name of my business)

I've asked SS, but I'm not holding out much hope for a good solution - so I thought I'd ask here to see if anyone has any ideas :)

Thanks

Andy

Kontoinställning
Taggar:Registrering, Seller Central
00
402 visningar
11 svar
Svar
0 svar
0 svar
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Seller_ZVAz3d5lZuGid
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

You are still a business even if you are self-employed, so it is just a case of not Ltd anymore. You're right about SS - they will be useless I guess ! Others who are or have been Ltd, may be able to advise better than me.

70
user profile
Seller_SnuCWrfrCaFmh
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

It's easy enough to do if you know how.

Go to...

Settings > Account info > Business information > Transfer account

I've done it before (Ltd to Sole Trader) and it's pretty straight forward.

Be prepared to have to re verify everything as on Amazons side it is transferring to a new entity even though in reality it is yourself, this can take some time, it was 3 days when I did it but I have seen others take much longer.

Make sure you fill in the new details EXACTLY as they appear on your supporting documents to make the process as smooth as possible and reduce the chances of being asked for further things.

I hope this helps

30
user profile
Seller_s0q4eT0IHyb5N
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Thanks @MiTrad . My biggest concern - what bank accounts does it require? As a self-employed entity, I just have bank accounts in my name. For the business side, obviously, its always been in the company's name. Will they accept non-business bank accounts?

00
user profile
Julia_Amzn
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Hello @Seller_s0q4eT0IHyb5N, thank you for reaching out. I will transfer your thread to the Account Health category, where my colleagues will provide further support.

All the best!

Julia.

00
Följ den här diskussionen om du vill få en avisering om ny aktivitet
user profile
Seller_ZVAz3d5lZuGid
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

You are still a business even if you are self-employed, so it is just a case of not Ltd anymore. You're right about SS - they will be useless I guess ! Others who are or have been Ltd, may be able to advise better than me.

70
user profile
Seller_ZVAz3d5lZuGid
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

You are still a business even if you are self-employed, so it is just a case of not Ltd anymore. You're right about SS - they will be useless I guess ! Others who are or have been Ltd, may be able to advise better than me.

70
Svar
user profile
Seller_SnuCWrfrCaFmh
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

It's easy enough to do if you know how.

Go to...

Settings > Account info > Business information > Transfer account

I've done it before (Ltd to Sole Trader) and it's pretty straight forward.

Be prepared to have to re verify everything as on Amazons side it is transferring to a new entity even though in reality it is yourself, this can take some time, it was 3 days when I did it but I have seen others take much longer.

Make sure you fill in the new details EXACTLY as they appear on your supporting documents to make the process as smooth as possible and reduce the chances of being asked for further things.

I hope this helps

30
user profile
Seller_SnuCWrfrCaFmh
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

It's easy enough to do if you know how.

Go to...

Settings > Account info > Business information > Transfer account

I've done it before (Ltd to Sole Trader) and it's pretty straight forward.

Be prepared to have to re verify everything as on Amazons side it is transferring to a new entity even though in reality it is yourself, this can take some time, it was 3 days when I did it but I have seen others take much longer.

Make sure you fill in the new details EXACTLY as they appear on your supporting documents to make the process as smooth as possible and reduce the chances of being asked for further things.

I hope this helps

30
Svar
user profile
Seller_s0q4eT0IHyb5N
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Thanks @MiTrad . My biggest concern - what bank accounts does it require? As a self-employed entity, I just have bank accounts in my name. For the business side, obviously, its always been in the company's name. Will they accept non-business bank accounts?

00
user profile
Seller_s0q4eT0IHyb5N
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Thanks @MiTrad . My biggest concern - what bank accounts does it require? As a self-employed entity, I just have bank accounts in my name. For the business side, obviously, its always been in the company's name. Will they accept non-business bank accounts?

00
Svar
user profile
Julia_Amzn
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Hello @Seller_s0q4eT0IHyb5N, thank you for reaching out. I will transfer your thread to the Account Health category, where my colleagues will provide further support.

All the best!

Julia.

00
user profile
Julia_Amzn
Som svar på: Seller_s0q4eT0IHyb5Ns inlägg

Hello @Seller_s0q4eT0IHyb5N, thank you for reaching out. I will transfer your thread to the Account Health category, where my colleagues will provide further support.

All the best!

Julia.

00
Svar
Följ den här diskussionen om du vill få en avisering om ny aktivitet