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Old 11-09-2016
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Default How/Should I Upgrade to Business PayPal?

So my friend let me use his eBay & PayPal accounts (I know, I know, not good). I have been selling for a little bit and probably wont get any tax papers on it this year but just to be safe I registered an LLC and got an EIN to use on it. I have not yet added any of this new info to PayPal and currently only use the LLC name (not with LLC at the end) on eBay. My plan is to use this account for now until I get a few bigger accounts to move my items onto (or if this could be a long term account I would prefer that but I'm not sure it could be).

So when I go to PayPal and click the upgrade to business account link it shows this.

My questions are:

Should I fill this in or make a new PayPal completely then link it to the eBay?
What info should be real and what info should be stealth?
Can I ever get the eBay account completely out of my friend's name? (i.e. say he hold me or a stealth person his LLC which included the eBay account).
Would he then be able to make a new personal eBay? (he doesn't want to yet, just curious)

Last edited by Emporium; 11-09-2016 at 12:17 PM.
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Old 11-09-2016
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Default Re: How/Should I Upgrade to Business PayPal?

Quote:
Originally Posted by Emporium View Post

My questions are:

Should I fill this in or make a new PayPal completely then link it to the eBay?
What info should be real and what info should be stealth?
Can I ever get the eBay account completely out of my friend's name? (i.e. say he hold me or a stealth person his LLC which included the eBay account).
Would he then be able to make a new personal eBay? (he doesn't want to yet, just curious)
I don't want to do the mega-post multi-quote thing, but here's my $.02.
1) I always upgrade personal accounts to business accounts
2) When Paypal asks for business details, I give them all stealth info which matches what the account was made with
3) I don't know. If you convert both the Ebay and Paypal to business accounts, then I think your LLC would be the sole responsible party. I'd wait for other input on that one.
4) I don't see why not, as long as he's never given his SSN to paypal. Giving the same SSN on multiple Paypal accounts is the ONLY way I've ever been linked.
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Old 11-10-2016
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Default Re: How/Should I Upgrade to Business PayPal?

Very much appreciated phaz0rz
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Default Re: How/Should I Upgrade to Business PayPal?

Quote:
Originally Posted by phaz0rz View Post
I don't want to do the mega-post multi-quote thing, but here's my $.02.
1) I always upgrade personal accounts to business accounts
2) When Paypal asks for business details, I give them all stealth info which matches what the account was made with
3) I don't know. If you convert both the Ebay and Paypal to business accounts, then I think your LLC would be the sole responsible party. I'd wait for other input on that one.
4) I don't see why not, as long as he's never given his SSN to paypal. Giving the same SSN on multiple Paypal accounts is the ONLY way I've ever been linked.
As I know, PayPal allows one person has two accounts. Correct me if i'm wrong.
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