Paypal limited, best path to follow?
I started a stealth ebay and paypal 4 months ago, following all the proper procedures (as far as I know anyway). Built things up slowly until this months where things started to take off. I made the mistake of thinking that b/c it is so close to the end of the year that I would be able to sell a fair amount per month and it still would appear that im not on track to cross the 200/20,000 mark. Its almost Oct and ive only sold about 3,500 so I thought I was ok, but still got limited this month.
I'm guessing I crossed the line with $ for the month and it was triggered, I didn't realize this would happen on a monthly basis, only yearly. I was using this account in order to build up funds to purchase several more stealth accounts and hopefully not run into this anymore, however im debating the best actions to take now.
Do you think it would be best to get an EIN for this account to allow for me to sell for this holiday season while letting other stealth accounts age and then hopefully be able to have enough to spread things out to avoid for the future? I'm assuming that if I get an EIN for this account, purchase a few more, continue to sell on it but keep it under 20,000 I will be ok come tax time and this will give new accounts time to age and build up. What is the max that should be sold per account to avoid limitations?
Last edited by JamesNorth101; 09-29-2014 at 04:28 AM.
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