Can I use the same EIN for multiple PayPal accounts?
Hello everyone,
I used my sole prop EIN to verify my first PP account as it neared the 200/20k limit. That account was stable but went down a while ago due to user error. Now, I have a new (strong) account and it needs EIN verification again. Can I use my same EIN again, or do I need to create a new LLC and use that EIN? Or do I have any other options for obtaining a new EIN?
Thank you all!
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Re: Can I use the same EIN for multiple PayPal accounts?
Quote:
Originally Posted by Leader2dark
What if you never hit limits with your EIN. Does anyone look into it? Can you use multiple EIN and never hit limits and never have filed LLCs?
What?
I Personally would NEVER add an EIN to an account unless I absolutely had to and wanted to run at least a few hundred grand on the account each year. I would not suggest getting an EIN and adding it to any paypal account right off if you dont sell much and if if you plan to sell a lot, I would hold off to make sure the account is good and lasts AND sells. Sometimes, some accounts just dont do well.
Re: Can I use the same EIN for multiple PayPal accounts?
Quote:
Originally Posted by yankee
What?
I Personally would NEVER add an EIN to an account unless I absolutely had to and wanted to run at least a few hundred grand on the account each year. I would not suggest getting an EIN and adding it to any paypal account right off if you dont sell much and if if you plan to sell a lot, I would hold off to make sure the account is good and lasts AND sells. Sometimes, some accounts just dont do well.
I don't currently use any EIN, I'm just worried in the future tax info will be required. To sell anything.
Re: Can I use the same EIN for multiple PayPal accounts?
Quote:
Originally Posted by yankee
What?
I Personally would NEVER add an EIN to an account unless I absolutely had to and wanted to run at least a few hundred grand on the account each year. I would not suggest getting an EIN and adding it to any paypal account right off if you dont sell much and if if you plan to sell a lot, I would hold off to make sure the account is good and lasts AND sells. Sometimes, some accounts just dont do well.
The reasons why they use EIN is because they cant use their SSN,so what do you suggest they use ?
they dont have much of a choice ?