 Question about upgrading to PayPal Business account and EIN and DBA
I just received a notification from PayPal to provide tax reporting information. I have exceeded 200 transactions, but I plan to stop selling in this calendar year before I reach 20k.
I am going to file for a LLC EIN from the IRS and upgrade to a PayPal Business account.
On the page to upgrade to a business account, it wants me to put a "Legal Business Name". I'm not sure what I'm supposed to put there and I don't want to mess things up by putting in something random.
Do I need to also apply for something called a DBA? Can I avoid a DBA and get through this with just my LLC EIN number? If not, does a DBA cost money and can someone walk me through the process of making one?
Last edited by LoZ78; 05-23-2018 at 12:21 AM.
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