Obtaining new EIN, can PP tell its sole proproter EIN not LLC - 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.

Reply
 
Thread Tools
  #1  
Old 03-25-2016
Junior Member
 
Join Date: Oct 2011
Posts: 19
Thanks: 3
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 72%
iTrader: (0)
Default Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Looking to upgrade my paypal personal account to a business account.

If I request an EIN from the IRS as a sole proprietor doing business as a fictitious biz name with my real SSN info and upgrade my paypal account using this business name and associated sole proprietor EIN is there anyway for PayPal to tell by my EIN number that it is a sole proprietorship vs LLC or corporate entity EIN?

I would think if Paypal could tell your EIN were just a sole proprietor they would be more likely to request your actual SSN than if you registered the entity with the IRS as an LLC .

Anyone have any info on this or experience?
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 03-25-2016
itemauctions's Avatar
Senior Member
 
Join Date: Nov 2013
Posts: 217
Thanks: 19
Thanked 23 Times in 21 Posts
Activity: 0%
Longevity: 60%
iTrader: (0)
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Yeah they should already know that it's an EIN number
Reply With Quote
  #3  
Old 03-25-2016
Junior Member
Threadstarter  
 
Join Date: Oct 2011
Posts: 19
Thanks: 3
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 72%
iTrader: (0)
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Quote:
Originally Posted by itemauctions View Post
Yeah they should already know that it's an EIN number
Of course PayPal can tell its an EIN, that is self evident. That was not what I was asking. Let me rephrase the question.


Can paypal tell its an EIN from a SOLE PROPRIETOR/DBA or if its an LLC's EIN..

If they can tell its an EIN from a sole proprietor would they not then find out the name of the owner or request owners SSN and thus ban the account.

Is it safer to get an EIN as an LLC or does it not matter?
Reply With Quote
  #4  
Old 03-25-2016
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

I doubt they can tell what type of EIN you have.

But it has been recommended around here to use a multi-member LLC. Otherwise, I believe, you would be liable for any debts the company incurs.

Wait on the response of others because I'm really not sure. All of my EIN's are multi-member LLCs. I just finished my taxes a few weeks ago and everything's great, so I don't really study into it.

Maybe reach out to JeffWeico, he's the legal expert.
Reply With Quote
  #5  
Old 03-25-2016
jeffweico's Avatar
Executive [VIP]
 
Join Date: Mar 2010
Posts: 7,217
Thanks: 895
Thanked 4,069 Times in 2,169 Posts
Activity: 0%
Longevity: 81%
iTrader: (12)
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Yes, they can.

When you have a sole proprietor EIN, it verifies the EIN against YOUR REAL NAME.

You want an EIN for a multi-member LLC. That way, when they go to verify, they will be verifying the BUSINESS NAME against the EIN.

There is nothing in the number that tells PayPal what it is. But when you give them your business name and input an EIN that was registered as a sole proprietor, it will come back as a NO MATCH. Because the IRS will be looking for your real name.

Where some people have been successful is using an personal EIN is if their name is common. They can get one issued to their name and PayPal can verify it against their real name. Of course, this will only work registering another account in your name at a different address from where the account you burned was.
Reply With Quote
The Following 4 Users Say Thank You to jeffweico For This Useful Post:
camouflage (03-26-2016), phaz0rz (03-25-2016), vogeltron (04-05-2016)
  #6  
Old 03-26-2016
Junior Member
 
Join Date: Jan 2015
Posts: 63
Thanks: 95
Thanked 5 Times in 5 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Quote:
Originally Posted by jeffweico View Post
Yes, they can.

When you have a sole proprietor EIN, it verifies the EIN against YOUR REAL NAME.

You want an EIN for a multi-member LLC. That way, when they go to verify, they will be verifying the BUSINESS NAME against the EIN.

There is nothing in the number that tells PayPal what it is. But when you give them your business name and input an EIN that was registered as a sole proprietor, it will come back as a NO MATCH. Because the IRS will be looking for your real name.

Where some people have been successful is using an personal EIN is if their name is common. They can get one issued to their name and PayPal can verify it against their real name. Of course, this will only work registering another account in your name at a different address from where the account you burned was.
Hi sorry to interupt here..
I have a question regarding this post,last month i applied for an LLC EIN but i used the single member (1 person) instead a multi person. Am i screw here?
Reply With Quote
  #7  
Old 03-26-2016
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Quote:
Originally Posted by camouflage View Post
Hi sorry to interupt here..
I have a question regarding this post,last month i applied for an LLC EIN but i used the single member (1 person) instead a multi person. Am i screw here?
No. You just can't get another one of that type.
Reply With Quote
The Following User Says Thank You to phaz0rz For This Useful Post:
camouflage (03-26-2016)
  #8  
Old 03-26-2016
Junior Member
 
Join Date: Jan 2015
Posts: 63
Thanks: 95
Thanked 5 Times in 5 Posts
Activity: 0%
Longevity: 53%
iTrader: (0)
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Quote:
Originally Posted by phaz0rz View Post
No. You just can't get another one of that type.
Thank you so much for the respond.
So in my case PP cant know my real name right? is that correct?
And do i need to change my EIN from single member to multi member?
Reply With Quote
  #9  
Old 03-26-2016
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

I was just skimming over the details on IRS.gov, and I think you would be better off with a multi-member LLC. This is where I was reading:
https://www.irs.gov/Businesses/Small...lity-Companies

From what I've read, it's unclear if you would supply your EIN + business name to Paypal with a single-member LLC like you would with a multi-member.

You may want to wait on the input of Jeff on this one. My knowledge of corporate taxes is very limited..
Reply With Quote
The Following User Says Thank You to phaz0rz For This Useful Post:
camouflage (03-26-2016)
  #10  
Old 04-04-2016
Junior Member
Threadstarter  
 
Join Date: Oct 2011
Posts: 19
Thanks: 3
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 72%
iTrader: (0)
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Quote:
Originally Posted by jeffweico View Post
Yes, they can.

When you have a sole proprietor EIN, it verifies the EIN against YOUR REAL NAME.

You want an EIN for a multi-member LLC. That way, when they go to verify, they will be verifying the BUSINESS NAME against the EIN.

There is nothing in the number that tells PayPal what it is. But when you give them your business name and input an EIN that was registered as a sole proprietor, it will come back as a NO MATCH. Because the IRS will be looking for your real name.

Where some people have been successful is using an personal EIN is if their name is common. They can get one issued to their name and PayPal can verify it against their real name. Of course, this will only work registering another account in your name at a different address from where the account you burned was.
Do you know if its possible to make a change now? Can I make the EIN reflect a multimember EIN so I can proceed with starting an amazon account with this info and how do I do this?
Reply With Quote
  #11  
Old 04-05-2016
Executive [VIP]
 
Join Date: Nov 2012
Posts: 3,097
Thanks: 408
Thanked 668 Times in 494 Posts
Activity: 0%
Longevity: 66%
iTrader: (0)
Default Re: Obtaining new EIN, can PP tell its sole proproter EIN not LLC

Quote:
Originally Posted by jeffweico View Post
Where some people have been successful is using an personal EIN is if their name is common. They can get one issued to their name and PayPal can verify it against their real name. Of course, this will only work registering another account in your name at a different address from where the account you burned was.
I was able to do this using my personal name in 2011 Tax Year when the IRS law first went into effect. My name match is not common so I was a bit surprised it worked and they left me alone. What I did have to do was all the stealth process including getting an address in another county. I think what may have been on my side was time. My personal PayPal with SSN had been lost I want to say in 2007. So I had about a 4 year lapse between creating accounts.

If you just recently lost your SSN account and try to use the same name with an EIN they might be more prone to detecting.
Reply With Quote
Reply



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
UK sole proprietor Jhonsteere Amazon 9 02-14-2016 08:29 PM
Sole Proprietor EIN used as a SS alekov Amazon 6 10-20-2015 05:27 AM
Sole Proprietor vs LLC? Harvin PayPal Talk 0 09-23-2015 11:30 PM
Obtaining a New IP Adress for Beginner Curiosity IP Address 4 06-17-2013 11:58 AM


Aspkin Group

All times are GMT -5. The time now is 07:32 AM.


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