Q: Hey guy, as a Canadian selling on Amazon us, do I need an EIN number or do I only need to register as a co-operation. Because people were saying that if I registered for an EIN number I will get taxes twice or something. Let me know what you guy did at the beginning. Did you register or EIN or just as a co-operations and pay taxes directly to Canada even though you selling to us customer.
A: EIN is for employees. The reason the say you’ll get taxes twice is because your company (your product’s brand), will get paid, then you’ll pay yourself. Your company has to pay tax, then you have to pay personal tax. Instead, form a corporation. It’s the right way to do it anyways from the start, you’re set as the owner not employee. You’ll not just have a better tax saving strategy but also a layer of protection if someone dies your company.
If you have any more questions about Amazon, please do get in touch so we can assist you in getting the right information.
Leeline sourcing company is involved in different sourcing business that will help your company’s grow, and make your international business better.
No matter how big or small your orders are, we will help you source quality and affordable products, and we will ship them directly to you.
• Product Sourcing: With over 10 years experience in this field, our team will keep your mind at peace, and you will be sure that the products are supplied through a responsible supply chain.
• Amazon FBA sourcing service: We offer you Amazon seller services, from product procurement, to brand labeling, quality inspection, packaging services, product photographing and also shipping of products to FBA warehouses. Just tell us what you need, and we will help ship your products to your warehouse at lightning speed.
• Business and sourcing ideas: If you walk into our office, we will share business and sourcing ideas with you, even if you are importing yourself, our ideas will help you avoid mistakes that will be costly to your business. Our advice will surely help your business turn out better.
We will keep updating new resoures about hot selling item in china, if you are planning to open your online shop and don’t know what kind of products to choose, welcome to subscribe our articles, we will give you some sourcing inspiration.