 Applying for Business PAYPAL ADVICE NEEDED
Hi All
I am looking for some help - I am currently trading on ebay on my Fathers account, using my fathers paypal account too, I have given up my job to do this full time from Monday and have opened a business bank account here in the UK and registered as self employed to declare my earnings as I have sort of brough another ebayers stock to trade and my earnings will/should increase to a point I would need to declare the earnings to taxman, so I want the paypal account to be ideally in my own name or the company name I have set the bank account up in, so when I give the accounts to my accountant it doesn't look dodgy, also my father is retired and I don't want the taxman looking at him - (although I have read as long as I declare the income he should be ok) I cant lose the ebay account (in my fathers name and start again) as it has huge listing allowances and gained a good rep and following so I want to somehow change the address to mine, add my business bank account (to paypal) and still be able to trade.. HELP? I assumed changing the address on ebay/paypal I would use the STEALTH GUIDELINES as if setting up a new account? Subtle change address only? But if I upgraded my fathers Paypal to business paypal can I add my own name without concern??? and can I change address without too many risks/questions from paypal? Or am I better trying to open a new paypal again in my own name since Paypal split with ebay? Will it be easier? (I was kicked off ebay approx 3 years ago in my name and my paypal account limited too) if you can make sense of all I have just written please advise - you guys have got me this far! Thanks and Happy new Year!
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