eBay is an American e-commerce company founded by Pierre Omidyar in 1995. It facilitates sales through its website, with transactions totaling $74 billion in 2022. eBay is used to purchase and sell a variety of items via auctions or instant purchases.
Selling on eBay with an LLC offers limited liability protection and financial benefits. Many sellers start as sole proprietors then transition to an LLC to safeguard personal assets as their business expands.
eBay is a publicly traded company with institutional shareholders, while co-founder Pierre Omidyar retains ownership and serves on the board. Omidyar also has investments in impact initiatives through the Omidyar Network.
eBay’s marketplaces are smaller compared to Amazon, with 182 million users in 2021. eBay stock is considered undervalued despite its $5.6 billion revenue. Forming an LLC can protect an eBay business, especially considering the $768 billion US e-commerce market.
An LLC, or Limited Liability Company, offers liability protection and tax advantages for eBay businesses. Forming an LLC safeguards personal assets and provides tax options for business owners.
LLC owners are only liable for debts matching their invested capital, ensuring personal asset protection in case of business failure.