📝 Overview
Legal name
A business's legal name is the official, registered name used for taxes and legal documents. Every letter, punctuation, and space needs to match what is on the 147C or SS-4 for the business. Any differences in the legal name provided and the legal name on your documentation will cause verification issues.
Tax ID Number (TIN) / Employer Identification Number (EIN)
Having the correct tax ID on file is just as important as the correct legal name. This number is assigned by the IRS and used to identify your business for tax purposes.
⛔ If the Legal Name or Tax ID provided is incorrect, the business will not be able to be verified with the IRS records, which may cause issues with your tax filing and receiving payouts.
If you cannot locate the business's 147C or SS-4, please reach out to the IRS at 1-800-829-4933.
⭐Note Before Starting
Updating legal business information can only be completed by the business owner or a Team Member set as an admin in Stripe. To set up Team Members in Stripe, check out the article below:
⚙️ Steps to Update Legal Business Information
Log in to Stripe
Click on the settings icon in the upper right
Under account settings, click the Business section
Click the subheading Tax Details
Update Legal Business Name
Locate the Legal Name line
Type the business name in the box below
Update Tax ID
Locate the Employer Identification Number (EIN) line
Click Edit next to the box below
Type the tax ID in the box
Scroll down to the bottom of the page and click Update in the bottom right
📢 FAQ
Q: Why is my new tax ID unable to be verified?
Click the arrow to learn more
Click the arrow to learn more
If the name of your US-based business or tax ID was updated with the IRS within the last 3 months, or if you are a new business registering for the first time, the IRS might not have updated its database with your new details yet. On average, this takes the IRS 3–4 weeks.
If your legal name and tax ID on file match the info on your SS-4 confirmation letter (for the new TINs issued within the last ~3 months) and Stripe is unable to verify it with IRS records, upload a copy of your letter to the Dashboard.
If you still have issues, please 💬 Contact Us and let us know the information was issued in the last 3 months, so we can notify Stripe.
💬 Contact Us
Questions or issues on updating legal business information with Stripe? Contact us through our live chat option at the bottom right of this article or email us at ✉️ [email protected].
For more information, see Stripe