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since ‎Aug-09-2014
icecoldbanker
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Can I use paypal to receive payments for bot servi...

by icecoldbanker Contributor in About Business (Archive)
‎Sep-06-2014 01:22 AM
‎Sep-06-2014 01:22 AM
Hi,   I may want to develop a bot that does something on server. People will sign up to use the service. Since it's a bot, it may be vulnerable for abusive uses. it's not something dangerous like DDOS, attack...etc.. Should I use paypal to process that kind of service?   Thanks ... View more

Re: Enquiry about account structure

by icecoldbanker Contributor in About Business (Archive)
‎Aug-09-2014 09:47 PM
‎Aug-09-2014 09:47 PM
Hi, thanks snowshoe for quick response.   1. Yes I will manage to get those. I do not think I will need ITIN as i am US resident for tax purpose. 2. WBEN8 is the way to go, I'm just not sure how other non US resiident sellers handle their year-end tax form. Does anyone has expereience with form 1099 when you're not on US soil?   ... View more

Enquiry about account structure

by icecoldbanker Contributor in About Business (Archive)
‎Aug-09-2014 08:49 AM
‎Aug-09-2014 08:49 AM
Hi, I have a few questions to prepare my business plan. Hope ppl with experience can make things clear.   1. I am not living in US, but I do have a single member LLC, with a mailing address in CA. The business sells services on the net and is operated in my home country, not on US soil. For this case, which country should I choose when I sign up? Should I pick US or my home country? I started my US company for the global reach. Everyone trust US registered company.   2. Assuming It's US business account. At the end of the year when the form 1099 is issued, can I send form WBEN8 instead? I'm not a residence and no tax liability. The service is performed and deliveried outside US.   3. Since the business is managed remotely, I would have no ultility bill other than supplier invoices. I also do not have bank statement as the bank have no-paper policy. I heard rumours about Paypal asking for documents. What should I am to supply such papaers?   4. I have 3 sites with different names. Can I have child accounts for different sites? Do I need to register trading names before requesting child account feature?   Thanks guys.     ... View more
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