Get the tax ID with your real SSN on the IRS website. Post a business name, go into paypal and change it to a business account with the same business name. then you are fine.
YOu will have to pay taxes on it and file under that business from now to when ever. You cant just stop one year and expect to not get zapped with an inquiry on what you did with the business. They will want to see paperwork to show how the business was dissolved if you decide to stop.
What I mean is you cant simply file one year and decide a year or so later that you dont want to do that anymore without some well documented proof on what you did with assets, product, etc.
__________________ KingRay |