eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home

eBay Suspended & PayPal Limited Forums

eBay Suspended & PayPal Limited Forums (https://www.aspkin.com/forums/)
-   US Managed Payments (https://www.aspkin.com/forums/us-managed-payments/)
-   -   Convert to business - Select your legal entity QQ (https://www.aspkin.com/forums/us-managed-payments/145812-convert-business-select-your-legal-entity-qq.html)

cpoulos62 11-03-2021 04:45 PM

Convert to business - Select your legal entity QQ
 
I got an EIN via the IRS website but it is not registered anywhere. What should I choose from the selections below for my account I am trying to convert to a business

Are you operating your business as a legal entity?
Yes, my business is a legal entity
From here, we'll help you identify what type of business you have.
No, I manage my business as a sole proprietor or owner
This means you're selling under your own name, not as a registered business.

Select your legal entity
Single-member LLC (Limited Liability Company)
A business entity—registered with a state—that is owned by one member
Corporation/multi-member LLC
A business entity—registered with a state—that is owned by one or more shareholders or stockholders (in the case of a corporation) or more than one member (in the case of an LLC)
Partnership
Two or more people operating under a written or unwritten partnership agreement

If I Select "No" from above, it asks for the stealth accounts DOB and SSN info. Cannot do that. So I choose "Yes". But I am not sure what legal entity type to choose.

Thanks for any help.

ScottieBoi 11-29-2021 10:45 AM

Re: Convert to business - Select your legal entity QQ
 
If you are a business, you don't have to supply SSN and DOB? I thought you still had to identify yourself.

Gotya108 11-30-2021 12:01 PM

Re: Convert to business - Select your legal entity QQ
 
Do you have an incorporated business with state filed Articles of Incorporation or Articles of Organization or just an EIN and operating as a sole proprietor? If you filed articles with the state then the name of your entity listed in the articles will tell you what kind of company you filed for since your company should is required by to have its legal structure LLC, LTD, Limited Liability Company, INC, Incorprated, CO, etc included in the name... Simply opening an EIN as a sole proprietor doesn't make you a single member LLC or seperate business entity thus you'd have to open an account with your SSN or try to open as a business but you'd have to get very creative with your documents to get pass the MP reviews as they'll ask for bank statements or a bank letter in the company name and address and other documents proving your identity and the existence of the company.


All times are GMT -5. The time now is 09:07 PM.

vBulletin® Copyright ©2000 - 2026, Jelsoft Enterprises Ltd.
Ad Management by RedTyger


All times are GMT -5. The time now is 09:07 PM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Rotating Residential Proxies? Head to IPBurger for Residential Proxies
vBulletin® Copyright ©2000 - 2026, Jelsoft Enterprises Ltd.
Ad Management by RedTyger