PayPal stealth name but EIN in my name?
I have a questions regarding my stealth PayPal account. I intend to upgrade my personal stealth PayPal account to business account prior the the 20K/200 transaction mark. I might be over complicating this but I haven’t found an exact answer reading through the forum.
Let’s say my stealth PayPal name is John smith. My real name is Peter Pan, and I have an EIN as a sole proprietor for Peter Pan. When I upgrade my PayPal to business, from what I read, PayPal will ask for EIN/SSN.
Question1: Can I provide my EIN (Peter pan) to the PayPal stealth account even though the names do not match?Does the IRS cross check this, or cross check the EIN/SSN?
Question 2: I provided my SSN to an old PayPal account(under my real name and not limited) that is linked to a now suspended eBay account. Does this create an issue?
Question 3: will opening an LLC and getting a new EIN work? I also read that PayPal asks for ID verification. Whats the solution for me regarding the stealth name PayPal account?
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