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Old 06-02-2015
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Default Is it possible to get multiple EINs?

I have multiple stealth accounts and only one so far asked for SSN/EIN which I obtained on the IRS website. I declared the use for the EIN as a sole proprietorship. Does this mean I can only have 1? OR can I have multiple sole proprietorships? Thanks.
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Default Re: Is it possible to get multiple EINs?

yes, you can open one a day

you want LLC's, not sole proprietorships. SP's will not work
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Default Re: Is it possible to get multiple EINs?

You can have as many EIN's as you like, but only ONE can be in your name. And that one will verify as YOUR NAME with the EIN.

EIN's for corporations or LLC's work much better. They will verify the BUSINESS NAME against the EIN.

You might STILL be able to use the one you got for the sole proprietorship by opening a new account using your real name at a different address and in a different city. That assumes your name is not terribly uncommon. This will work a lot better for Richard Johnson than for Anwi Mephistopoulos.
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Default Re: Is it possible to get multiple EINs?

Now for more info on TIN - just joking - good info on the EIN
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Default Re: Is it possible to get multiple EINs?

Look at this site

Internal Revenue Service

Heaps of info there which will help you.

Make sure to NOT adding anything to PayPal unless you are 100% sure you are doing the correct thing.

Good Luck
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