yankee | 10-31-2014 10:39 AM | Re: For new name and EIN, do you just do DBAs? Problems can occur with a Sole Proprietor DBA. It links directly back to your SS number. I am not saying you can not do this, a well respected member here reported doing this for three years with no issues.
Other have reported many differant issues such as 1099k comming to the wrong name, paypal requesting updated info, IRS contacting paypal because name not matched...
If you do it correctly, use a new address, new telephone, new everything with your DBA you should be fine but if a paypal limitation or review happens it goes directly back to you.
Also for tax reasons, typically any schedule C is maxed taxed, but that is for you and your accountant to boil down.
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