Which Business Type for LLC?

[mnisely]

What Business Type will I need to select for LLC at the registration screen? Is it bases on the way we do taxes (for LLC you can do as partnership or as corporation)?

Individual

Sole Proprietorship

Partnership

Corporation

Non Profit

Government Entry

Thank you.

[Amanda411]

Hi mnisely,

Welcome to PayPal Community Help Forum!

You should discuss this with your tax consultant for the best option.

Amanda

[agc]

Please answer the question which is about Paypal not about what type of organization for tax purposes. Does paypal want LLC to list under the general category of Corporations?

[queengeek]

I agree...so sad that  no one answered the question properly.  An LLC is not a Corp nor a Sole proprietor it is an LLC and PayPal doesn' seem to provide guidance on how they're viewing or reporting it for tax purposes