Paypal wants a tax number
Hi, so I have received the email from Payapal that I need to provide a tax number. I have seen the info here about how it's pretty easy to get/use an EIN and switch to a business account and as long as it matches the business name it should be good. I could walk away from this account altogether, but having a nice 250 item limit has brought in a lot of cash in a short period of time. (probably why they want it) So went to the irs website and there are many choices to make when you ask for an EIN. I was going to choose a sole proprietorship, but then it says if you have a sole proprietorship then you have to use this EIN for all of your business ventures. Well, what if another good selling account is asked by Payapal to provide this? I won't be able to get another EIN? Should I set this up as a corporation instead? Not sure what kind of setup I should use. So if anyone has set up EINs for multiple accounts I would greatly appreciate any advice.
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