spindoctor | 03-22-2016 10:00 AM | Re: LLC and asking for shareholders details Quote:
Originally Posted by IGNAS
(Post 756453)
Thanks for clarification.
And just an idea. What if a single person (your friend) opens a company, then registers with paypal, supplies all the docs and etc.
And after everything is confirmed -- you just buy like 50% of shares of that company?
That should work with PP, would it? :) | Hmmm.. not sure at this minute, i'm testing again to see a work around. The UK confirm identity page all changed in the last couple of weeks, and they request more details n directors and shareholders, then they used to do., they only needed to confirm the person who was running the account, now it seems they need everything, such as who is running the business, owners, directors etc...
Shame, as this is how i got around paypal! Grrrrr...
Something i noticed in paypals terms and conditions that has just been changed recently.
They just added this :
an Account is deemed to be “linked” to another Account for the purpose of this section 9.1.k where PayPal has reason to believe that both Accounts are controlled by the same legal personality or group of legal personalities (including, without limitation, individuals), which is more likely when both Accounts share certain attributes, including, without limitation, the same recorded user name, email address, funding source (e.g. bank account) and/or recorded ID used to receive services from PayPal’s partners (such as an eBay ID))
So, it's a coincidence, that these has been added around the same time that they ask for more information on owners and shareholders of businesses. |