Developing an LLC for Paypal
So when I create an LLC to attach to Paypal, I obviously use my real name and info.
1)When it comes time to input the LLC information in to Paypal will they ask for the name listed under the LLC? If so do I input my stealth name or my real name?
2)Will my 1099k form have my stealth name on the title, or the LLC business name?
3)If I wait to hit my 200/$20,000 under my stealth name, then input my LLC information after the fact, will the 1099K be filed under my stealth name or the LLC name?
4)Tax purposes and deductions aside (for stealth purposes) is it better to open a DBA or LLC business to maintain a solid long lasting account? I would think LLC because your doing business under a new name, not "Doing Business As" you real name. Am I correct?
I have asked my accountant but he is not very knowledgeable about stealth accounts. It seems his main concern is having a name other then my own on my 1099K.
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