- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Hello dear Paypal Community. I created an LLC Company based on Wyoming around 1 months ago. I am a foreigner who waits for his ITIN number at this moment. But recently, Paypal wanted me to provide them a business license for my business aswell.
I am selling digital products on forums (not eBay or Shopify) and to be honest, i can't understand that do i already have a business license because i have an working LLC Company and EIN number ''or'' should i apply for this business license seperately?
If anybody had the same issues before, i would love to hear your opinions and advices on this case. Have a great day to everybody!
Solved! Go to Solution.
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
These are steps to form an LLC:
- Choose a legal name and reserve it, if the Secretary of State in your state does that sort of thing (not all do).
- Draft and file your Articles of Incorporation with your Secretary of State.
- Decide who will run the business (managers or members).
- Decide how many owners will be part of the LLC.
- Apply for a business license and other certificates specific to your industry.
- File Form SS-4 or apply online at the Internal Revenue Service website to obtain an Employer Identification Number (EIN).
- Apply for any other ID numbers required by state and local government agencies. Requirements vary from one jurisdiction to another, but generally your business most likely will be required to pay unemployment, disability, and other payroll taxes – you will need tax ID numbers for those accounts in addition to your EIN.
Here is licensing and permitting guide for Wyoming:
http://www.wyomingbusiness.org/content/licensing-and-permitting
http://www.cityapplications.com/business-licenses/WY-Wyoming/biz-Wyoming.html
More info here. Have tons of research to do to operate your business properly:
http://soswy.state.wy.us/Business/Default.aspx
Kudos & Solved are greatly appreciated. 🙂
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
These are steps to form an LLC:
- Choose a legal name and reserve it, if the Secretary of State in your state does that sort of thing (not all do).
- Draft and file your Articles of Incorporation with your Secretary of State.
- Decide who will run the business (managers or members).
- Decide how many owners will be part of the LLC.
- Apply for a business license and other certificates specific to your industry.
- File Form SS-4 or apply online at the Internal Revenue Service website to obtain an Employer Identification Number (EIN).
- Apply for any other ID numbers required by state and local government agencies. Requirements vary from one jurisdiction to another, but generally your business most likely will be required to pay unemployment, disability, and other payroll taxes – you will need tax ID numbers for those accounts in addition to your EIN.
Here is licensing and permitting guide for Wyoming:
http://www.wyomingbusiness.org/content/licensing-and-permitting
http://www.cityapplications.com/business-licenses/WY-Wyoming/biz-Wyoming.html
More info here. Have tons of research to do to operate your business properly:
http://soswy.state.wy.us/Business/Default.aspx
Kudos & Solved are greatly appreciated. 🙂
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- Adding a short message argument to paypal.me links in Suggestions for PayPal
- How can I improve my life status with it comes to financially in General Discussions
- All those shipping label emails!! in General Discussions
- Suggestion: Make Logged-in Account ID Obvious in Payment Widget in Suggestions for PayPal
- friends and family in Suggestions for PayPal