LLC Information - EIN Etsy Business - Direct Checkout
I was banned from Etsy 1.5 years ago. It has finally taken till now to finally start seeing some growth in my business. I currently have two stealth accounts (different IP addresses etc) that are run completely separate from each other.
I just got a message on both that states that I need to finally provide an EIN due to my sales numbers. I am happy my sales are doing well, but frustrated on what to do about this.
Quick Details:
- I sell on etsy and use DIRECT CHECKOUT only. So far everything has been great, but now I am nervous.
- Both stores have NOT REAL names with virtual address that are new and or NOT REAL
Questions
#1 If I contact the IRS or an online service about purchasing an EIN number will ETSY know its coming from me? Do I need to purchase both an EIN number and an LLC?
#2 Lets say I purchase the EIN and get the number and upload it onto Etsy.
Etsy is required to send the 1099 to the IRS. The 1099 will include my VALID EIN number, but won't it also include my NOT REAL name that I used for my store? How could this be good?
#3 Do I need start a LLC with an EIN number?
I need a response ASAP. Thanks
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