Question about EIN/Business set-up - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Marketplace Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 12-05-2016
Junior Member
 
Join Date: Jun 2015
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 33%
iTrader: (0)
Default Question about EIN/Business set-up

I'm setting up a legitimate business using stealth, and will be linking a real LLC/EIN information once the paypal and eBay accounts are past the initial steps.
My question is; my state has a website where you can lookup the owner of LLC's and this would create red flags for PayPal verification. Will it cause any issues if I have my accountant as the 'registered' agent on the Secretary of State's website? It says that he's a CPA and registered agent, not the owner, and it's not like it's a random persons name.

Follow-up; if I had to create another legit account with a legit EIN, would it be alright to use the same CPA as registered agent on SOS website? (Would paypal enter or somehow keep track of the registered agent information from the SOS Website?)

Thanks in advance!
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 12-05-2016
phaz0rz's Avatar
Senior Member
 
Join Date: Nov 2015
Posts: 8,289
Thanks: 1,636
Thanked 2,881 Times in 2,193 Posts
Activity: 94%
Longevity: 30%
iTrader: (2)
Default Re: Question about EIN/Business set-up

Paypal isn't going to look up the registered agent regardless unless they have pending litigation against you.

It's not going to hurt anything if you use your accountant as your "registered agent" but I think you would be just fine registering the business in your own name.

Even if they did look up who owns a business, it wouldn't create a link for you. It would only cause a link if you have your SSN on file with your new business account (which you shouldn't, since you'll be using an EIN).
__________________
____________
_______
___
Reply With Quote
  #3  
Old 12-05-2016
Junior Member
 
Join Date: May 2013
Posts: 326
Thanks: 7
Thanked 63 Times in 52 Posts
Activity: 0%
Longevity: 49%
iTrader: (0)
Default Re: Question about EIN/Business set-up

Quote:
Originally Posted by thejackal1 View Post
my state has a website where you can lookup the owner of LLC's and this would create red flags for PayPal verification.
you know that you can set up LLC's in a state that doesn't have this requirement like Nevada or Wyoming, right?


Quote:
Originally Posted by thejackal1 View Post
Will it cause any issues if I have my accountant as the 'registered' agent on the Secretary of State's website? It says that he's a CPA and registered agent, not the owner, and it's not like it's a random persons name.
A registered agent means that you are legally authorized to receive mail for that company. A registered agent may represent thousands of companies. To link you this way an eBay employee would manually have to dig through public records to link you. eBay usually doesn't dig that deep, and if you gave them cause to dig this deep your account is probably toast anyways.

If you go this route, make sure you file federal and state income taxes for the LLC. They will eventually match the 1099's and come after you if you don't file taxes.
Reply With Quote
  #4  
Old 12-05-2016
Junior Member
Threadstarter  
 
Join Date: Jun 2015
Posts: 4
Thanks: 0
Thanked 0 Times in 0 Posts
Activity: 0%
Longevity: 33%
iTrader: (0)
Default Re: Question about EIN/Business set-up

thanks guys! And yes, I will be paying taxes on everything.

I have a couple other questions, should I make a new thread?

Specifically.. can I request a new card from my existing credit card company to use for paypal and ebay fees, and just put a different name down when I'm adding the card? I've previously had no issue with first name mismatches (using family member's cc for legitimate reasons) but if the stealth account is under john smith and I add a card 1234 that physically shows Jimmy Snow on it, paypal should fill in the last name (smith) as a fixed field, and have me put the first name.. any issues with that? Reason; I'll be using the card a lot , legitimate business, and don't want to mess with VCC unless absolutely necessary.

Also, Since I'll be receiving customer returns and sometimes personal purchases, I'll need a real address for shipping eventually, but for the sake of creating the stealth accounts is it better to use a non real address (I can get alterd docs to verify) for now, to avoid wasting time setting up a po box or ups box just to burn it if I mess up the verification?
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
DBA Doing Business As Question talos PayPal Talk 12 03-14-2016 04:51 PM
Question on business account mari PayPal Talk 5 02-23-2016 03:45 PM
Pay Pal Business Account Question drphilly AU PayPal Talk 0 08-05-2015 12:13 AM
Business account question bazoil007 UK eBay & Paypal 28 02-18-2012 06:57 AM
Doing Business as question otaku231 Subscriber Discussions 9 09-08-2009 08:39 PM


Aspkin Group

All times are GMT -5. The time now is 06:44 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts