Tuesday, September 7, 2010

How do I cash a PAYPAL check that is in the name of my small online business? Not my legal name.? -

The business is a small online one and the name is not official , ie. I have never legally established it so it is not legally attached to my personal name (except with PayPal). I wasn t thinking and I had then send me me the funds and when I received the check it was in the name of the company . I know I screwed up by doing that, but am wondering what can be done now????? Please any help is greatly appreciated.

1. Contact your states IRS tell them you want a tax ID #2. Tell them you would also like a DBA (doing business as) with the name on the check.3. Go to a small bank and open a business account4, Deposit the check into the accountThe whole process can be done in a day

If you have a personal account at a bank in you re home town and the people in the bank know you it should not be any trouble depositing it in you r account, you just endorse it with you re company name and you re name that way there will be proof that it was signed and deposited by you if there were ever any questions, I do it all the time at my local bank, because they know me,maybe not my company at first but you can do it I m almost sure..lol give it a try costs nothing to try.

l s,,Just go to your bank and tell them you want to open a business checking account. They ll be happy to do it and help with any paperwork issues that they may need. Then use the check as the opening deposit.Very simple really.Best of Luck!

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