Will you have to re-verify a stealth account if you change the legal entity?

Ryanmir · #1 11-02-2018

Hi Guys

So if I buy a stealth account and want to change the bank info and legal entity would that trigger an Id Verification again?

Lucky100 · #2 11-03-2018

Did not for me

Canadianleaf · #3 11-03-2018

Quote:

Originally Posted by Lucky100

Did not for me

Even for legal entity? Can you please say what exactly you changed?

Ive changed bank account no issue, but legal entity its been assumed this would trigger review / request for doc.

Did you change the legal entity name from a persons name to a new name? Or maybe a persons name to a LLC name? Did you also change the legal entities address or keep it the same?

Lucky100 · #4 11-03-2018

Changed legal entity name and ein number but kept the address the same

From an llc to a different llc

Canadianleaf · #5 11-03-2018

Very interesting.

1) I wonder if you changed the legal entity from an LLC name to a person's name if it would trigger a request for documentation.

2) I also wonder if you changed the legal entities address as well if it would trigger a request for documentation. Would changing the "legal entity" address also change the "Business Address"?

Im not 100% sure if when you change account information it always automatically triggers a "review" by a human. Maybe it did trigger a "review" and a human looked at your change and thought "this seems okay". Or maybe legal entity change "reviews" are done by bots and auto verify with IRS database for a MATCh and if NOMATCH occurs it triggers a secondary review by a real person?

It would be nice if someone could create a roster of which changes trigger what. And what exactly is a "review" is this always a human looking over your account? Are their behaviours unpredictable or based on how they feel?

Im considering updating my main stealth accounts Business Number (Canadian GST/HST collection number) and wonder if this would trigger a "review" and some sort of doc request.

#6 11-03-2018

Typically not, verification occurs at registration the majority of the time, and if not immediately at registration, very shortly after.

Best to get the stores fully verified before moving forward to avoid potential problems

Canadianleaf · #7 11-03-2018

Quote:

Originally Posted by Beautiful

Typically not, verification occurs at registration the majority of the time, and if not immediately at registration, very shortly after.

Best to get the stores fully verified before moving forward to avoid potential problems

Could you respond to the questions I numbered and questions I asked above? Which part are you responding to with your response?