Paypal "Sub-accounts"
I have a plan that I want run by to see if you think this will work.
-I want to open up eBay Stealth accounts but I don't want to have to jump between PayPal accounts after 20k in sales. (I will be making about 30k in sales a month on each eBay account).
-I WANT to be tax-compliant.
-I have the PayPal account verified with my LLC info. It is totally legit and I'll be paying taxes when the 1099 is issued. I've been using it to receive payments from an eBay account for several months and it has passed document validation, etc.
- There is an option to create new "email addresses" in the PayPal account. I can create up to 7 email address.
- I want to create 6 additional "stealth" eBay accounts but use the same PayPal account to receive payments except I'll use a new "email address" for each paypal account.
The goal is to be able to collect all payments on the same PayPal which will make taxes simpler. Also, this will allow me to not have to worry about the 20k limitation.
Will this plan work? Will the unique email address be considered separate Paypal accounts by eBay or will they be able to link all of the eBay accounts to that same Paypal?
Please let me know if anyone has done this before and if it will be successful.
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