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Old 09-14-2013
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Default How Does Paypal EIN Work and Do I Need Them Seperate

Hey everyone,
I have a few questions, I was wondering what would be the best advice for the long run. I currently ran multiple number of stealth accounts, even got them to top rated powersellers. I know how stealth accounts work but my problem is paypal. I did not know how to manage Paypal stealth accounts after the 200 transaction mark, which honestly left me in a complete mess. Which leads me to wanting to ask a few questions so I am safe in the future

I would like to know

1. If I wanted switch Paypal stealth's after the 200 mark, would it be ok with a New Dedicated IP and everything. I know sometimes ebay does see this. Even if your paypal is not linked and puts your account on a restriction until the paypal issue is resolved. This actually happened to me although ebay did not know exactly all the info since the account isnt linked

2. I am really considering of just going whitehat on Paypal Business with an EIN number
which makes me want to ask
-Could I use the same EIN on multiple Paypal Accounts
-Do I have to do separate taxes since if I will be using separate EIN numbers
-Would I have to make a LLC for each stealth account with separate EIN
-I have Chase Bank for one of my previous businesses, would making multiple checking accounts under my business be the best thing.

Those are all the questions I can think of at the moment. Thanks for reading and any advice you can give me will be greatly appreciated. Thanks
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Old 09-14-2013
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Default Re: How Does Paypal EIN Work and Do I Need Them Seperate

1. Don`t run the PP to the full mark - use stealth and rotate sales so you dont have to worry about this. Operate each account separately via stealth methods.

2. See posts by jeffweico and others. If you are talking about TAXES and FINANCIAL dealings, best to go see a professional accountant or the like - forum isnt geared financial counselling.
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Old 09-14-2013
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Default Re: How Does Paypal EIN Work and Do I Need Them Seperate

First thing you must do is check out the below site.

Internal Revenue Service

It is user friendly and if you need to speak to them, a free call.

Paypal picks up you added another account. Avoid doing that.

Each account needs an EIN. However, that is a tax issue which the forum does not give advice about. We are not tax professional.

As rsot said, look for posts by jeffweico,KingRay and others.

Good Luck
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