Legal Tutorial: Operating Multiple Amazon Accounts | Summary and Q&A

TL;DR

Learn about the rules and strategies for running multiple Amazon accounts, including the use of holding companies, bank accounts, credit cards, and tax considerations.

Key Insights

• 🥹 Setting up a holding company can help manage multiple Amazon accounts efficiently.
• 💳 Each account should have its own unique bank account and credit cards.
• 👻 Selling the same ASIN across multiple accounts is against Amazon's rules, but selling the same brand and category is allowed.
• 🏤 VAT registration is required for each individual company when operating in the European market.
• 🔒 Proper planning and timing are essential when transferring an Amazon account to avoid security reviews and disruptions.
• 😤 Multiple Amazon accounts can be managed effectively with the help of an insider at Amazon's sales team, providing strategic invites to bypass identity verifications.
• 😀 The aggregator model in the Amazon marketplace is facing challenges due to financial imbalances and lack of expertise in certain areas.

Transcript

if you're running multiple accounts can you share anything between those accounts my name is stephen pope i'm the founder of my amazon guy i'm going to be talking about vat llc's holding companies bank accounts credit card numbers admin email addresses to confirm what you can and can't do when running multiple accounts going to jump right on in fir... Read More

Questions & Answers

Q: Can I share a bank account between multiple Amazon accounts?

No, each Amazon account should have its own unique bank account. However, multiple accounts can use the same bank name.

Q: Can I sell the same brand across multiple Amazon accounts?

Yes, it is possible to sell the same brand on different accounts. However, selling the same ASIN across multiple accounts is not allowed.

Q: Do I need to register for VAT for each Amazon account in the European market?

Yes, each company or LLC must have its own VAT registration for operating in the European market.

Q: Is it possible to transfer an Amazon account to another owner?

Yes, it is possible to purchase an existing Amazon account and transfer ownership. It is advised to set up a holding company to manage multiple accounts and simplify tax filings.

Summary & Key Takeaways

• Operating multiple Amazon accounts can be facilitated by setting up a holding company to manage and connect the accounts.

• Each account should have its own unique bank account and credit cards, but the bank name can be shared.

• It is possible to sell the same brand and category on different accounts, but the same ASIN cannot be sold across multiple accounts.

• VAT registration is required for each individual company when operating in the European market.