EIN questions and risk with multiple Paypal accounts - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Closed Thread
 
Thread Tools
  #1  
Old 03-21-2013
Senior Member
 
Join Date: Mar 2013
Posts: 46
Thanks: 3
Thanked 6 Times in 5 Posts
Activity: 0%
Longevity: 64%
iTrader: (3)
Default EIN questions and risk with multiple Paypal accounts

Been doing lots of research. I am leaning towards a DBA with an EIN. I can only have one EIN. So when I provide this to Paypal to create a business account, I take it that's it! One account with it. Using multiple business names and accounts with the same EIN would link all of them and if one got into trouble, they all go down correct? What are others doing out there?
The complete step-by-step guide to get back to selling today!

  #2  
Old 03-21-2013
slim jim's Avatar
Executive [VIP]
 
Join Date: May 2011
Posts: 1,788
Thanks: 376
Thanked 440 Times in 349 Posts
Activity: 0%
Longevity: 74%
iTrader: (0)
Default Re: EIN questions and risk with multiple Paypal accounts

You can only have 1 ein per entity. You can have as many entities as ud like. I suggest talking to a tax professional and what angle u should go towards
  #3  
Old 03-21-2013
Senior Member
Threadstarter  
 
Join Date: Mar 2013
Posts: 46
Thanks: 3
Thanked 6 Times in 5 Posts
Activity: 0%
Longevity: 64%
iTrader: (3)
Default

I understand the legalities around only one EIN and the IRS. I am talking about PayPal for verification and such. I think the answer here maybe clear but wanted to know if others out there have used a single EIN to open multiple PayPal accounts under different business's? Have multiple businesses is legal of course and when you have one EIN they all get tied back to it in the eyes of the IRS.
  #4  
Old 03-21-2013
slim jim's Avatar
Executive [VIP]
 
Join Date: May 2011
Posts: 1,788
Thanks: 376
Thanked 440 Times in 349 Posts
Activity: 0%
Longevity: 74%
iTrader: (0)
Default Re: EIN questions and risk with multiple Paypal accounts

You can not use one ein on more than one PayPal. Every account must have unique info

Last edited by slim jim; 03-21-2013 at 11:15 PM.
  #5  
Old 03-22-2013
GreenBean's Avatar
Executive [VIP]
 
Join Date: Sep 2007
Posts: 42,343
Thanks: 5,612
Thanked 9,142 Times in 7,106 Posts
Activity: 0%
Longevity: 96%
iTrader: (6)
Default

Please listen to replies by slim jim. You are OFF and will create issues long term.

You also need to speak to a tax professional on the issue.

I recommend you start of with this site

Internal Revenue Service

Read that right to get an understanding of the methods.
__________________
REAP WHAT YOU SOW. LIFE IS SO NOT FAIR.
Closed Thread



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
IP questions for multiple stealth accounts yezbick99 Subscriber Discussions 3 01-18-2013 12:31 AM
Questions regarding good method to access multiple stealth accounts jojo2012 IP Address 15 11-17-2012 09:39 PM
Questions on multiple accounts brickswall Subscriber Discussions 3 02-24-2012 01:25 PM
multiple accounts ..do u have 1 a risk taker? newstart2 Subscriber Discussions 5 11-09-2011 08:02 PM
Getting Mobile Internet Card. A few questions on setting up multiple accounts balishag Subscriber Discussions 3 04-30-2010 12:07 AM


Aspkin Group

All times are GMT -5. The time now is 09:23 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58