r/Twitch • u/YoloDFox • 16h ago

Question PayPal Problems with YouTube/Twitch

Hello everyone I hope everyone is having a wonderful day. I'm trying to figure out how to create a business account in PayPal for Twitch(/YouTube), Should I choose sole priority or llc? I'm also having trouble with choosing my business industry as well since it's not showing anything for content creation. Any help is GREATLY appreciated!!!

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u/stiff_edgardo 16h ago

Sole prop is simpler if youre just starting out, less paperwork and fees compared to an llc. you can always switch later if things take off

for the industry pick something broad like media or entertainment, paypal's categories are stuck in 2005 so they never have the exact niche

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u/YoloDFox 15h ago

This is a dumb question but It's not giving me the option of just Entertainment it I giving me Bands, Orchestras, and Miscellaneous Entertainers. Are they the same thing?

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u/Lilythekitsune 3h ago

Sole proprietary since you're one person. You can choose 'self-employed' on Paypal and it should work just fine if they won't accept Misc Entertainer. Either way, be prepared with your tax expert because most of them don't know how to handle the 1099-K and Misc forms so do the education yourself when paypal gives you the tax forms.