Results 1 to 10 of 10
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07-12-2019, 06:18 PM #1
- Join Date
- Feb 2019
- Location
- New York
- Posts
- 7
Have you heard that having a LLC is the new thing required by Torro?
I wanted to signup with them since they do startups but, I was told that I needed a LLC or a EIN before I could. I'm new in the industry, I though a checking account and a Social Security number was still acceptable for payment of commissions.
Clients are Clients, I'm not selling securities.
Are they that big now that they will turn you away and business away, if you don't have a LLC or a EIN?
What's your opinion?
Thanks
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07-12-2019, 06:31 PM #2
- Join Date
- Oct 2016
- Posts
- 4,318
Come on, man. Yes, you need a business.
I’d imagine everyone in industry requires an EIN.
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07-13-2019, 12:31 AM #3
- Join Date
- Mar 2016
- Posts
- 904
The majority of funders need their ISO's to have Corps or LLC's - same goes for us.
Thank you,
Lior Monus
Business Development Manager
CFG Merchant Solutions
Direct: (646) 880-6764
Cell: (516) 319-5826
Fax: (646) 278-7322
Lmonus@cfgms.com
180 Maiden Lane New York, NY 10038
www.cfgmerchantsolutions.com
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07-13-2019, 11:55 AM #4
- Join Date
- Feb 2016
- Posts
- 242
Our entry barriers are way too low
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07-13-2019, 12:53 PM #5
- Join Date
- Feb 2019
- Location
- New York
- Posts
- 7
Thank you for your answers, I don’t have any objection to getting any of those things. The company I started with did not require me to have them.
@FCG if you need to give subtle insults to make you feel good, have at it, since it pleases me to know the people on the forum who are generally very pleasant and helpful are in a good emotional, and mental place.
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07-13-2019, 04:43 PM #6
- Join Date
- Feb 2016
- Posts
- 242
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07-15-2019, 12:47 PM #7
- Join Date
- Jun 2015
- Posts
- 3,322
who did let you sign up without a ein?
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07-15-2019, 01:29 PM #8
- Join Date
- Oct 2016
- Posts
- 4,318
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07-15-2019, 02:06 PM #9
- Join Date
- Jun 2015
- Posts
- 3,322
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07-15-2019, 02:06 PM #10
- Join Date
- Aug 2016
- Posts
- 275
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