PayPal Business account ?

damowhite666

Active member
Do I need a Business account for user upgrades ?

I've seen it asks for business address and phone ect...

How have you set your PayPal account up ?

Did you use your home address for the company ect.. ?

Help would be great :)
 

shawn

Well-known member
We set up a business account and used the business PO box for the return address. But that's because we are a business. IANA/Attorney/Accountant, but generally speaking, all income from the site, whether from user upgrades, advertising, merchandise, etc, is "income" that should be reported on your taxes. Likewise, costs incurred are expenses or losses. For us, it was easier just to pay the $200/yr LLC filing fee and organize as a business. Keeps the paperwork tidy.

But Paypal will let you do it however you want.
 
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