eBay/Paypal Business accounts? please help :)
hi guys, i wonder if you can help me:
Basically all my accounts are personal at the moment.., the stealth accounts are ageing but once up and running all my sales will be split between the different accounts..., my question is, technically according to ebay and paypal "i do have a business" as i "buy to resell for a profit", im keeping a good record of everything just incase i ever need the paperwork..., but i do not see myself as a business at all, but i suppose thats besides the point...if i have lets say 3 ebay and 3 paypal accounts and am splitting the sales up, do i need to have a business account? or can i continue to keep them as personal accounts? if i ever did make a business account, i heard that eBay immeditaley notifies the inland revenue?...but if i have 3 stealth accounts, i dont get how it all works, id like a brief explanation of what most of you guys do
thanks
|