danatu
06-28-2009, 07:29 AM
Hi,
I have a question. I have created a business account in paypal for my web hosting site, but I haven't got a business bank account. Can I link it to my own bank account? Or would it not work? Can you please help, I would have linked WHMCS to my personal paypal account, but it dosent look professional having a individuals name on it and not the sites name.
Hope someone can help.
joozen
06-28-2009, 07:59 AM
According to rules PayPal asking to link it to Business Account, but linking to personal current account actually works.
HostingASPNet
06-28-2009, 08:02 AM
Hello,
Yes, you could link to your personal account, but for accounting purpose it will be much better to use your business account.
Regards
jstanden
06-28-2009, 02:52 PM
Yes, you could link to your personal account, but for accounting purpose it will be much better to use your business account.
And quite possibly for legal reasons too. Co-mingling business and personal funds is an easy way to lose an LLC's limited liability protection. If you're a sole-proprietor/trader it may not matter now, but someday it will.
Ultima VPS
06-28-2009, 03:54 PM
Never heard of it being an issue. You could always link it then remove it after the account is verified? Setup a personal PP account and link the bank account to this.
And quite possibly for legal reasons too. Co-mingling business and personal funds is an easy way to lose an LLC's limited liability protection. If you're a sole-proprietor/trader it may not matter now, but someday it will.
Agreed. It is always good to keep business and personal accounts seperate. But, you will be able to add a personal account no problem.
