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How to Set Up a U.S. PayPal Account Under an LLC: ITIN Requirements

Summary: This article clarifies the requirement of an ITIN for setting up a U.S. PayPal account under an LLC, especially for non-U.S. citizens.

Requirement for ITIN to Set Up a U.S. PayPal Account

To set up a U.S. PayPal account under your LLC, you will need to provide specific documentation, including either a U.S. Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN).

Key Requirements for PayPal Account Setup:

  • LLC Documentation: You must have your LLC formation documents.
  • EIN: An Employer Identification Number (EIN) is required.
  • Company Phone Number: A U.S. phone number associated with your LLC is necessary.
  • ITIN or SSN: If you do not possess a U.S. SSN, you will need to apply for an ITIN to proceed with the PayPal account setup.

Application Process for ITIN

If you do not have an ITIN, assistance is available to help you obtain one. The process typically involves submitting an application, and there may be a fee associated with this service.

Conclusion

In summary, to successfully set up a U.S. PayPal account under your LLC, you will need either a U.S. SSN or an ITIN, along with your LLC documentation and EIN. If you require assistance in obtaining an ITIN, support services are available to guide you through the process.