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Register as a Sole Proprietor
When registering as a sole proprietor, you must provide:
- Your personal legal name
- Your company DBA (Doing Business As) - if applicable.
- Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
- A government-issued photo ID (such as a driver's license or passport)
The specific identification and verification steps include:
- Identity Verification: A valid government-issued photo ID is required to verify your identity to comply with federal "Know Your Customer" (KYC) and banking regulations.
- Tax Information: You will need to provide your SSN or ITIN for tax purposes, as well as an Employer Identification Number (EIN), if you have registered one for your business.
- Address Verification: In some cases, we may need a proof of address (such as a utility bill or bank statement) matching the address you provided.
- Bank Account: In a later step, you will need to link a business bank account that matches your exact personal legal name or business name, so that you can receive payouts.