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Old 05-11-2011
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Default Choosing paypal as buissness account

My last account was premier. I never had a problem with it. But i decided to make this account a business. Just wondering what did you guys choose as the next step when selecting business. Corporation? Individual? Company? Does it even matter?
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Old 05-14-2011
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Anyone know if it matters what you choose?
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It's not a good idea. they'll ask for 10x information off you like VAT number, invoices, bank statement and loads of other stuff.
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If you can meet the criteria (VAT number, Invoices etc) and you are selling 'proper' (ie: not foo-foo or VERO) then it can be a good idea. Particularly Limited Company.

That represents the business model that PP and EB prefer. All of a sudden you are elevated from being a home seller to a legitimate trading entity. The address issue is something you need to look at.

I currently run 2 out of 3 ste alth on this basis but I am selling tangible products and I do offer good service. My DSRs are very high.

It can be a very expensive way of setting up but the longevity is excellent. I would not suggest it for VERO or foo-foo. You really do need to have everything in place before starting it as you will probably need to invest a bit of money and you don't want to waste it because you were unprepared.

Earlier this year I sold one account that I had set up as a complete package, include a website, to someone on one of the other forums and she has taken it from strength to strength and when I goofbayed it just now she is taking over 5k a month off the auction site alone.

You need to do a lot more homework and be very confidant in your ste alth abilities but it can be a good investment
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