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-   -   My biz partner and I split up can I change PP accounts (https://www.aspkin.com/forums/paypal-talk/76159-my-biz-partner-i-split-up-can-i-change-pp-accounts.html)

Atw777 08-07-2014 04:10 PM

My biz partner and I split up can I change PP accounts
 
Hello my partner and I had an ebay biz together I bought him out. Its a somewhat established account 130 sales Top rated with new seller ratings. question can I open a paypal with a new EIN and link it to the same account since it is only me now? Or will that ruin the account this is account is my main money maker right now.

Thanks

MM78 08-07-2014 04:13 PM

Re: My biz partner and I split up can I change PP accounts
 
Basic Answer: No, you can't add another Paypal to the Ebay Account, Paypal will kill both Paypal accounts and then you will be left with none.

Atw777 08-07-2014 09:41 PM

Re: My biz partner and I split up can I change PP accounts
 
Good enough answer for me is there a way to update my ein on current paypal? Or is that a pain in the butt. He originally opened it with his SS

jeffweico 08-07-2014 09:51 PM

Re: My biz partner and I split up can I change PP accounts
 
Is there an EIN on the account right now or not?

If NOT, then I would get a new EIN and add it to the PayPal account.

The better way is, of course, to have a totally new PayPal with only your name on it, that way it is 100% YOURS and there are no problems down the road.

A PayPal rep once told me that they allow TWO PayPal accounts per person, one personal and one business. I never tried it as I had heard bad things about opening a second account. Still, it may work for you. Maybe someone who has done this can chime in?

Atw777 08-07-2014 09:55 PM

Re: My biz partner and I split up can I change PP accounts
 
No ein he did a sole prop and used his social as tax ID if it's not a big deal I will just get an ein and update the account. I would much prefer to keep what I have if possible. If not I can throttle it down and keep chugging :)

Speeder33 08-07-2014 11:38 PM

Re: My biz partner and I split up can I change PP accounts
 
Best not to risk your real account. It might be more work to get an EIN, but its better then possibly risking the account with 2 paypals


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