So i got the pre-registration request for MP and the note that all accounts will need to transition to MP in late July. I have multiple accounts (above the PP/IRS reporting limit) with EIN's on PP. Each eb stealth account has a bank account attached (in my personal name and not the business name).
My question is, with MP, is it going to be a problem with the eb business name mismatching with my personal name on my bank account?
is the solution to open/convert the bank account to match the business name on the eb account? As in, convert from a personal bank account (my name) to a business bank account?
Note: I have EIN's for all accounts. Bank accounts have been set up with my SSN.
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So i got the pre-registration request for MP and the note that all accounts will need to transition to MP in late July. I have multiple accounts (above the PP/IRS reporting limit) with EIN's on PP. Each eb stealth account has a bank account attached (in my personal name and not the business name).
My question is, with MP, is it going to be a problem with the eb business name mismatching with my personal name on my bank account?
is the solution to open/convert the bank account to match the business name on the eb account? As in, convert from a personal bank account (my name) to a business bank account?
Note: I have EIN's for all accounts. Bank accounts have been set up with my SSN.
I think that is what we will have to do I hear they are requiring the bank account information to match the account, my worry is do we really need to have a real SS attached to MP accounts or can we just use the EIN as our SS..
Please read my thread I think we are in a similar situation
Last edited by fadedstealth; 05-10-2020 at 02:24 PM.
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