I am thinking about changing from a sole proprietor to an LLC next year. Is it possible to use the same business account and change the tax reporting number from my SSN to an EIN so the 1099-k's reported are with my EIN instead of my SSN next year. I started my account with my ssn as a sole proprietor, but want to change 1099-K reporting to an EIN if I decide to become an LLC at some point in the new year.. Also along this lines, will I be able to change the name on my account to reflect my new business and have all transactions for the new llc to be in the name of the business rather than my personal name, since I would be changing from a Sole Proprietor to an LLC? Thanks for the information.
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