EIN LLC suggestions for paypal - 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 09-15-2019
Junior Member
 
Join Date: Sep 2019
Posts: 42
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 1%
Longevity: 5%
iTrader: (0)
Default EIN LLC suggestions for paypal

I am not from US and have been selling on ebay for a few months now. I have a verified paypal account with my real bank account.
I received a message from paypal like this:

Because you receive payment for goods or services through PayPal, we need to confirm your taxpayer status. This verification is required to comply with US. Internal Revenue Service (IRS) as well as State tax reporting requirements.

If your taxpayer status isn't confirmed, your PayPal account will be limited, and you wonít be able to request or receive money.

If youíre subject to U.S. tax reporting requirements, weíll also need to collect your tax identification number and also ensure that your business type is correct within your Profile (Business Information section) to prevent reporting issues in the future.

The taxpayer identification number you provide will be used to submit Form 1099-K to the IRS and the state associated with your PayPal account's primary address when the payments you receive in a calendar year meet the income reporting thresholds set by the IRS or the applicable state. You can learn more about your state and IRS reporting requirements at.

If you have multiple PayPal accounts, youíll need to verify your taxpayer status for each account.

If you have already provided your tax identification number, itís possible that you are receiving this message because the combination of your Name/TIN didnít match IRS records.

So I am obviously not going to give them a ⊗⊗⊗⊗ SSN. So is setting up an LLC and get an EIN from IRS the legit way to go? I have never been suspended on ebay so I am not considering stealth for now.

If anyone have successfully got an LLC and EIN, I would really need some suggestions of good companies that help me do it.

Also, I have only $5000 in sale, how much time do I have left till I am no longer to accept money on my paypal? Also heard the paypal will still ask for your SSN even if you put in the EIN?

Any recent sellers experience could help me out? Thank you!!!!!!!!!
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 09-15-2019
Junior Member
Threadstarter  
 
Join Date: Sep 2019
Posts: 42
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 1%
Longevity: 5%
iTrader: (0)
Default Re: EIN LLC suggestions for paypal

Up! If someone could recommend a LLC setup service, that would really help! I don't want to apply for ITIN lol
Reply With Quote
  #3  
Old 09-16-2019
Junior Member
 
Join Date: Aug 2019
Posts: 12
Thanks: 0
Thanked 1 Time in 1 Post
Activity: 0%
Longevity: 5%
iTrader: (0)
Default Re: EIN LLC suggestions for paypal

A lot of people like Delaware but I prefer Wyoming, no state income tax, small population and the goverment fees are around $50 per year

I used these guys never had any problem with them: https://www.wyregisteredagent.net/wyoming-llc/ein
Reply With Quote
  #4  
Old 09-16-2019
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 61,319
Thanks: 4,781
Thanked 7,435 Times in 6,783 Posts
Activity: 100%
Longevity: 78%
iTrader: (7)
Default Re: EIN LLC suggestions for paypal

Welcome to the forum - all the best as you master stealth

Lot of posts around the forum about this - also if not in the US, where are you from? Flag on the forum should match your location
Reply With Quote
The Following User Says Thank You to rsot For This Useful Post:
agent006140 (09-16-2019)
  #5  
Old 09-16-2019
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 7,385
Thanks: 975
Thanked 617 Times in 575 Posts
Activity: 97%
Longevity: 13%
iTrader: (0)
Default Re: EIN LLC suggestions for paypal

if you are not in US,you should change your flag (ASPKIN) to your own country so we can help you better.
When you get closer to 200 transactions AND $20K,Paypal would ask for your SSN ,some said it can ask anytime,irregardless of how much you have sold.
If your LLC has just one person,Paypal could ask for your SSN.
You said you have a real bank account connected to your US Paypal account,it would have to be a US bank,how did you open a US bank account without SSN?
Reply With Quote
  #6  
Old 09-16-2019
Junior Member
Threadstarter  
 
Join Date: Sep 2019
Posts: 42
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 1%
Longevity: 5%
iTrader: (0)
Default Re: EIN LLC suggestions for paypal

Lot of banks open bank account for foreigners with enough deposit
Reply With Quote
  #7  
Old 09-16-2019
Junior Member
Threadstarter  
 
Join Date: Sep 2019
Posts: 42
Thanks: 1
Thanked 1 Time in 1 Post
Activity: 1%
Longevity: 5%
iTrader: (0)
Default Re: EIN LLC suggestions for paypal

In that case, would SSN replaced by ITIN?
Reply With Quote
  #8  
Old 09-17-2019
agent006140's Avatar
Senior Member
 
Join Date: Jul 2018
Posts: 7,385
Thanks: 975
Thanked 617 Times in 575 Posts
Activity: 97%
Longevity: 13%
iTrader: (0)
Default Re: EIN LLC suggestions for paypal

Quote:
Originally Posted by gameplaybooster View Post
Lot of banks open bank account for foreigners with enough deposit
can you give me names of some banks?
Reply With Quote
  #9  
Old 09-18-2019
rsot's Avatar
Executive [VIP]
 
Join Date: Dec 2009
Posts: 61,319
Thanks: 4,781
Thanked 7,435 Times in 6,783 Posts
Activity: 100%
Longevity: 78%
iTrader: (7)
Default Re: EIN LLC suggestions for paypal

Lot of questions gameplaybooster
Reply With Quote
  #10  
Old 09-19-2019
Junior Member
 
Join Date: Apr 2019
Posts: 26
Thanks: 33
Thanked 5 Times in 4 Posts
Activity: 18%
Longevity: 8%
iTrader: (0)
Default Re: EIN LLC suggestions for paypal

I used these guys and they literally finished by the end of the day: https://www.samedaycorp.com/
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
Any suggestions? (Limited UK paypal, won't let me add USA bank) purplehaze2 UK PayPal Talk 1 07-10-2016 05:19 PM
Suggestions on Paypal EIN melvinp PayPal Talk 5 09-26-2014 02:05 AM
Suggestions to get funds from paypal BestConfidenceBuy Subscriber Discussions 0 05-19-2010 03:11 AM
Suggestions for what to do with a VCC banned from paypal and ebay guitarca18 Credit Card Alternatives 4 05-20-2008 09:41 PM


Aspkin Group

All times are GMT -5. The time now is 08:56 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 - 2020, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts