Blog Archives

The Corporate Transparency Act: What Amazon Sellers Need to Know

1/9/2024

The Corporate Transparency Act (CTA), enacted in 2020, is shaking up the landscape of business ownership in the US, with significant implications for Amazon sellers. This blog post unpacks the Act's impact on both domestic and international Amazon sellers, particularly those who beneficially own LLCs, and how AMZ Sellers Attorney® can help navigate this new legal terrain.

What is the CTA?

The CTA aims to combat money laundering and other illicit activities by increasing transparency in corporate ownership. It requires reporting companies like LLCs to disclose information about their "beneficial owners." These are individuals with substantial control or who own/control at least 25% of the LLC's ownership interests.

How does the CTA affect Amazon sellers?

Many Amazon sellers operate through US-based LLCs, particularly for tax and liability reasons. If your LLC falls under the CTA's purview, you'll need to:

Identify your Beneficial Owners: Determine who meets the ownership or control criteria.
Gather required information: Collect names, dates of birth, addresses, and identifying numbers for each Beneficial Owner.
File a Beneficial Ownership Information (BOI) report with FinCEN: This online filing is usually a one-time requirement unless ownership changes or information needs updating.
Maintain accurate records: Keep your BOI information readily available for potential future requests.

What about international sellers with US LLCs?

The CTA applies regardless of your residency or citizenship. If you beneficially own a US LLC used for Amazon selling, you're subject to the reporting requirements. This means gathering information and filing the BOI report, even if you reside outside the US.

Potential complications for non-US residents:

Privacy concerns: Sharing personal information with the US government might raise privacy concerns, especially for sellers in countries with stricter data protection laws.
Tax implications: The CTA's impact on non-resident Beneficial Owners' tax status is still unclear. Consult with a tax professional for guidance.
Compliance challenges: Accessing or verifying required documents for filing might be more difficult for non-US residents.

How AMZ Sellers Attorney® Can Help:

AMZ Sellers Attorney® 's supervising attorney specializes in representing Amazon sellers. They have a deep understanding of the CTA and its implications for Amazon businesses, and they can assist you in the following ways:

LLC Formation, Free ConsultationCompliance guidance: They can help you determine your reporting obligations under the CTA and ensure you meet all filing deadlines and requirements.
Information gathering and verification: They can assist you in gathering the necessary information from your Beneficial Owners and verifying its accuracy for filing.
BOI report preparation and filing: They can handle the entire BOI report preparation and filing process, ensuring it's done correctly and efficiently.
Representation and advocacy: They can represent you in any communications or interactions with FinCEN or other authorities regarding the CTA.
Tax advice: They can work with your tax advisor to ensure the CTA doesn't have any unintended tax consequences for your business.

Recommendations for international sellers:

Seek legal and tax advice: Understand your specific obligations and potential implications under the CTA and applicable tax laws.
Gather information early: Start collecting and verifying documentation for Beneficial Owners to facilitate a smooth filing process.
Stay informed: Stay updated on the developing landscape around the CTA and its implications for non-US residents.
Consider AMZ Sellers Attorney®: If you're an international seller facing the complexities of the CTA, consider seeking guidance from AMZ Sellers Attorney® for comprehensive support and peace of mind.

Key Takeaways

The Corporate Transparency Act has arrived, bringing new requirements for LLC transparency. Amazon sellers, especially those residing outside the US, need to carefully navigate the Act's implications to ensure compliance and avoid potential complications. Remember, professional guidance from AMZ Sellers Attorney® can be invaluable in ensuring a smooth and informed journey through this evolving legal landscape.
Disclaimer: This is not legal or tax advice. Please consult with qualified professionals for specific guidance related to your situation.

Parenting and Entrepreneurship: How to Launch a Business While Growing Your Family

1/8/2024

Image via Pexels

A new business is always an exciting endeavor, but if you’re expecting a little one at the same time, it can be overwhelming. Creating a successful business while caring for your newest family member takes careful planning and strategic execution. Here are some tips to start you off on the right foot, courtesy of AMZ Sellers Attorney®

Set Up Your Business

While certain aspects of your business (like marketing) are extremely important, you also need to put some thought into your business’s foundation. Which business structure you choose will have a profound impact on the future of your business, since each structure has certain pros and cons. However, an LLC is a popular choice because of the legal protections, tax benefits, and reduced paperwork that go along with it. You may have questions about the particulars, such as are a husband and wife considered a single member LLC? Fortunately, a formation service can help answer your questions as well as walk you through the filing process. AMZ Sellers Attorney offers attorney supervised LLC formation services and is happy to provide you with free LLC formation consultation.

Promote Your Business with Digital Marketing

Next, it’s time to start marketing! Creating an attractive website is essential for drawing in customers. One effective tool that entrepreneurs can use to promote their businesses is creating infographics. Infographics are visually pleasing designs with relevant information about your company, products, or services. There are many free tools you can use to design a beautiful infographic. Take the time to create a content marketing strategy before you dive into any individual campaigns. It’s important that you know what you are posting, when, and (most importantly) why. Creating a strategy will also help you to research helpful keywords and other ways to implement SEO strategies, which will drive more traffic your way.

Develop Routines

Having routines in place will help keep you organized and on track when juggling parenting and business tasks. Break up the day into manageable chunks and give yourself adequate time to focus on each task. It’s important to have realistic expectations though. You may not be able to finish everything in one go, so don’t put too much pressure on yourself.

Split up Duties With Your Partner

If you’re in a relationship, both of you must be involved with setting up the business and taking care of your baby. Talk through how you will split tasks like looking after the baby, running errands, or marketing your products or services between the two of you. This can take some creative problem-solving but making sure both of your needs are met is key to success.

Set Up a Space For Your Baby in Your Home Office

If possible, setting up an area where you work where you can be close to your baby during the day without having them interfere with work tasks too much. This will give you time to focus on your business while still being able to check in and take care of your baby when needed. Decorating this space with cute toys and artwork will make it enjoyable for them as well as creative inspiration for yourself. You’ll also be able to keep an eye out for any potential health concerns or developmental issues that might arise.

If you end up doing a room conversion to create a combination home office/baby room, be sure to save receipts for materials and contractors and to document the work with photos. This improvement to your home may add to its appraised value.

Designate Specific Times For Work

Juggling business and parenting can be made easier when you plan. Designating specific times for work helps keep the two sides of your life in check so that one isn't taken away from another. After all, running a successful business doesn't need to take up every minute — with creative solutions like outsourcing or asking coworkers for help; it's possible to stay on top of responsibilities without sacrificing family time! Taking control by organizing schedules makes this combination both achievable and enjoyable.

Make Time For Self-Care

Being an entrepreneur and a parent both require tremendous time and energy. It might be tempting to neglect your needs to spend every hour of the day caring for your children or launching a business, but doing so will make it almost impossible to achieve success or lasting satisfaction.

So, instead of trying to do it all at once, find balance by setting boundaries around parental duties you want to prioritize before tending to other areas of life. Take a few minutes each day for mindfulness activities like meditation and yoga, enjoy regular chats with friends, and get out in nature as often as possible - whatever makes your heart feel joy! These simple strategies will help you recharge and give back to yourself even as you nurture your family and growing venture.

Find Your Balance as a Momtrepreneur

Being an entrepreneur while expecting a baby doesn't have to be overwhelming. By starting off your LLC with strong routines, a clear division of responsibilities with your partner, self-care breaks included in your schedule, as well as effective promotion tactics like building an attractive website or designating specific work hours - anything is achievable. Believe you can make it happen then bring all those pieces together for success.

Amazon Seller News and Policy Updates for 2025

2025 Amazon Seller News & Policy Insights

Why Follow Amazon Seller News in 2025?

Top 2025 Policy Changes Affecting Amazon Sellers

Compliance Tips from Amazon Suspension Attorneys

Code Example: Amazon’s Required Language for IP Appeals

FAQs for 2025 Amazon Sellers

What is the latest Amazon seller news?

How can I avoid Amazon account suspension in 2025?

Where can I find expert analysis of Amazon policy changes?

Why should I follow Amazon marketplace news?

The Corporate Transparency Act: What Amazon Sellers Need to Know

What is the CTA?

How does the CTA affect Amazon sellers?

What about international sellers with US LLCs?

How AMZ Sellers Attorney® Can Help:

Recommendations for international sellers:

Key Takeaways

Parenting and Entrepreneurship: How to Launch a Business While Growing Your Family

Set Up Your Business

Promote Your Business with Digital Marketing

Develop Routines

Split up Duties With Your Partner

Set Up a Space For Your Baby in Your Home Office

Designate Specific Times For Work

Make Time For Self-Care

Find Your Balance as a Momtrepreneur

Archives

CONTACT DETAILS:

SERVICES:

PAYMENTS:

AS REPORTED IN:

Amazon Seller News and Policy Updates for 2025

2025 Amazon Seller News & Policy Insights

Why Follow Amazon Seller News in 2025?

Top 2025 Policy Changes Affecting Amazon Sellers

Compliance Tips from Amazon Suspension Attorneys

Code Example: Amazon’s Required Language for IP Appeals

FAQs for 2025 Amazon Sellers

What is the latest Amazon seller news?

How can I avoid Amazon account suspension in 2025?

Where can I find expert analysis of Amazon policy changes?

Why should I follow Amazon marketplace news?

The Corporate Transparency Act: What Amazon Sellers Need to Know

​What is the CTA?

​How does the CTA affect Amazon sellers?

​What about international sellers with US LLCs?

​How AMZ Sellers Attorney® Can Help:

​Recommendations for international sellers:

Key Takeaways

Parenting and Entrepreneurship: How to Launch a Business While Growing Your Family

​Set Up Your Business

​Promote Your Business with Digital Marketing

​Develop Routines

​Split up Duties With Your Partner

​Set Up a Space For Your Baby in Your Home Office

​Designate Specific Times For Work

​Make Time For Self-Care

​Find Your Balance as a Momtrepreneur

Archives

CONTACT DETAILS:

SERVICES:

PAYMENTS:

AS REPORTED IN:

What is the CTA?

How does the CTA affect Amazon sellers?

What about international sellers with US LLCs?

How AMZ Sellers Attorney® Can Help:

Recommendations for international sellers:

Set Up Your Business

Promote Your Business with Digital Marketing

Develop Routines

Split up Duties With Your Partner

Set Up a Space For Your Baby in Your Home Office

Designate Specific Times For Work

Make Time For Self-Care

Find Your Balance as a Momtrepreneur