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No, each email address added does not get their own business name, it is all under the umbrella of your main business name But you can create an email address that relates to the store name you use.
A business license, not necessarily. Yes, you would be independent contractor and PayPal sends you 1099-k form if you go over 200 transactions and gross over $20k. This includes any multiple paypal accounts you may have listed under one tax id.
It would mean all transactions under one Business account regardless of number of emails.
You can add multiple bank accounts so if you have multple bank accts under your main business name, you can add and withdraw to them but you have to keep the amounts straight in your accounting to know how much to withdraw to ech different account. It is up to you how you want to do it. Multiple bank/card accounts or just one and all funds go to it.
Perhaps consider setting up different business account for each business entity with it's own tax id (EIN).
Kudos & Solved are greatly appreciated. 🙂
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Buy Now buttons and shopping carts have the "PayPal account optional" option. Just go to your profile, then click My Seller Tools and click Update for the Website Preferences. The PayPal Account Optional setting is listed there. Select Yes and hit the save button at bottom of page.
Kudos & Solved are greatly appreciated. 🙂
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There are casual sellers using PayPal as well as businesses so according to your goal, perhaps you should get a business license.
Kudos & Solved are greatly appreciated. 🙂
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No, each email address added does not get their own business name, it is all under the umbrella of your main business name But you can create an email address that relates to the store name you use.
A business license, not necessarily. Yes, you would be independent contractor and PayPal sends you 1099-k form if you go over 200 transactions and gross over $20k. This includes any multiple paypal accounts you may have listed under one tax id.
It would mean all transactions under one Business account regardless of number of emails.
You can add multiple bank accounts so if you have multple bank accts under your main business name, you can add and withdraw to them but you have to keep the amounts straight in your accounting to know how much to withdraw to ech different account. It is up to you how you want to do it. Multiple bank/card accounts or just one and all funds go to it.
Perhaps consider setting up different business account for each business entity with it's own tax id (EIN).
Kudos & Solved are greatly appreciated. 🙂
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Buy Now buttons and shopping carts have the "PayPal account optional" option. Just go to your profile, then click My Seller Tools and click Update for the Website Preferences. The PayPal Account Optional setting is listed there. Select Yes and hit the save button at bottom of page.
Kudos & Solved are greatly appreciated. 🙂
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There are casual sellers using PayPal as well as businesses so according to your goal, perhaps you should get a business license.
Kudos & Solved are greatly appreciated. 🙂
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So even if you are a Sole P you should still file with your state to get an actual license number. Why is that important? 1. You can officially operate as a business owner 2; You can open a business checking account 3; Makes it easier to keep track of your revenue. 4 IT PROTECTS YOU!!! FOR EXAMPLE: YOU WORK FOR YOURSELF BUT YOU DONT HAVE A OFFICAL BUSINESS SET UP WITH THE STATE, WHICH IN TURNS MEANS THAT ALL THE "SIDE" MONEY YOU ARE MAKING IS CONSISDERED YOUR INCOME AND NOW YOU must FIND SOMEONE WAY TO VERIFING THIS INCOME WHEN YOU NEED IT FOR LET’S SAY TO GET An APARTMENT, A LOAN, A CAR BASICALLY ANYTHING, MONEY GOING INTO YOUR BANK ACCOUNT IS NOT CONSISDERED VERIFIABLE INCOME MEANING YOU CAN'T USE IT FOR YOUR ADVANTAGE. ONLY WAY YOU CAN DO THIS IF YOU FILE FOR A TAX ID WHICH IS ACTUALLY FREE, BUT THAT JUST MEANS NOW THE GOVERMENT WILL EXPECT YOU TO REPORT WHAT YOU MAKE NOW, SO LETS SAY YOU ARE MAKING 500 A MONTH STARTING OUT, BUT YOUR OVERHEAD IS 300 A MONTH (OVER HEAD MEANING, THE COST OF YOUR OFFICE SPACE, GAS, INTERNET, COMPUTER PROGRAMS YOU NEED AND ANYTHING ELSE YOU HAVE TO USE TO KEEP YOUR BUSINESS RUNNING), SO NOW WITHOUT THAT STATE LINCENSE YOU CAN'T SEPRATE WHAT YOUR PERSONAL ASSETS ARE VERSE YOUR BUSINESS ASSETS. NOT TO MENTION YOU CAN’T FILE FOR ANY OF THOSE WONDERFUL TAX CREDIT SMALL BUSINESS OWNERS GET. IT MIGHT SEEM UNESSARCARY BUT PLEASE TRUST ME IF YOU ARE MAKING CONSISTANT MONEY FROM THESE 'SIDE' PROJECTS PLEASE FILE TO BECOME A OFFICAL BUSINESS IF WILL PROTECT YOU IN THE LONG RUN. DO SOME MORE RESEARCH ABOUT HE BENEFITS BEFORE YOU DISMISS THE IDEA.
“SORRY FOR ANY SPEALLING ERRORS I WAS TYPING FROM MY PHONE”
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You may or may not require any expenses for a sole proprietorship busines. you may or may not require a business license. It depends on various factors.
In what state are you located?
What is your type of business, retail, service, or wholesale?
Does your state require sales tax collection?
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