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:
- Will it really take this long or if you have things in order will it be quicker?
- What are the chances of my account being suspended during this time - If it is how long will it be down for?
- If i’m suspended what will happen to my FBA stock?
- Can I open a second account and close down the original to save time?
Thanks
Tags:FBA, Lost shipment
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0 replies
Seller_ZPjajjMXjCNQH
no do not open a second account or they will both get suspended
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Seller_ejwc84JNL5Uk6
- 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
- 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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