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Old 03-21-2013
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Default EIN questions and risk with multiple Paypal accounts

Been doing lots of research. I am leaning towards a DBA with an EIN. I can only have one EIN. So when I provide this to Paypal to create a business account, I take it that's it! One account with it. Using multiple business names and accounts with the same EIN would link all of them and if one got into trouble, they all go down correct? What are others doing out there?
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Old 03-21-2013
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Default Re: EIN questions and risk with multiple Paypal accounts

You can only have 1 ein per entity. You can have as many entities as ud like. I suggest talking to a tax professional and what angle u should go towards
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Old 03-21-2013
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I understand the legalities around only one EIN and the IRS. I am talking about PayPal for verification and such. I think the answer here maybe clear but wanted to know if others out there have used a single EIN to open multiple PayPal accounts under different business's? Have multiple businesses is legal of course and when you have one EIN they all get tied back to it in the eyes of the IRS.
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Old 03-21-2013
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Default Re: EIN questions and risk with multiple Paypal accounts

You can not use one ein on more than one PayPal. Every account must have unique info

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Old 03-22-2013
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Please listen to replies by slim jim. You are OFF and will create issues long term.

You also need to speak to a tax professional on the issue.

I recommend you start of with this site

Internal Revenue Service

Read that right to get an understanding of the methods.
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