Switching to LTD
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Seller_jUKfCueEh4sMU

Switching to LTD

Hi,

I’m thinking about switching to being a LTD from a Sole trader, I have seen a lot of people saying this will take months to complete so I have the following questions:

  1. Will it really take this long or if you have things in order will it be quicker?
  2. What are the chances of my account being suspended during this time - If it is how long will it be down for?
  3. If i’m suspended what will happen to my FBA stock?
  4. Can I open a second account and close down the original to save time?

Thanks

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Tags:FBA, Lost shipment
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Seller_ZPjajjMXjCNQH
In reply to: Seller_jUKfCueEh4sMU’s post

no do not open a second account or they will both get suspended

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Seller_ejwc84JNL5Uk6
In reply to: Seller_jUKfCueEh4sMU’s post
  1. Yes it will take a long time- no one knows how long

2 yes account will be suspended during the process- no one can tell you how long

3 FBA stock will be stranded- fees will still be charged unless you get stock returned first

  1. DO NOT under any circumstances open a second account - both will be suspended

Advice- if Christmas sales are important to you then don’t chose now to action this.

Also get all your paperwork ready before triggering this- new bank account set up, change info at Companies House

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