Forum

EIN and upgrading to business
 

I reached 200 orders sometime during the night and Paypal requested the expected SSI EIN or Tax ID number. When I look up Tax ID number I get applications for an EIN. If I enter an EIN paypal wants me to upgrade to a business account. IS it safe to upgrade a stealth account? If so will I need to provide any documents? Sorry, this is my first stealth account and it was purchased. I can't afford to buy the book yet.

Re: EIN and upgrading to business
 

You've sold 200 items, but cannot afford $20 to learn how to run your business?

Seems that you may want to reexamine your priorities.

They want the EIN for the corporation and your SSN. EIN must be real and match corporation info when they do the 1099 at the start of the year. If it bounces back as false, your account gets limited until the info is corrected.

Re: EIN and upgrading to business
 

You should really read the stealth guide... I'm not kidding on this.

And yes, it's safe to upgrade. Regardless, you'd need to upgrade it eventually anyways.

Re: EIN and upgrading to business
 

Get an EIN and upgrade the account. Tons of posts about how to do this correctly

Re: EIN and upgrading to business
 

So there going to ask me for a SSN when i put the EIN in the account?