How to Update and Verify Business Information on Your Peerspace Account
This guide provides step-by-step instructions for updating tax and business information, including your Employer Identification Number (EIN) and legal business details, within your Peerspace account. Follow these steps to ensure your account and associated records are accurate and compliant.
Updating EIN and Business Details
To update your Tax ID (EIN) and business details on your Peerspace account:
Log in to Your Account: Visit the Peerspace login page and sign in to your account.
Access the Payment Method Tab: Navigate to the "Payments Method" section under your account settings.
Start Verification: Click on the "Verify Account" button.
Provide Required Details: Follow the prompts and supply the updated information, including: - Legal Business Name - Employer Identification Number (EIN) or Social Security Number (SSN) (if used for business) - Routing Number and Account Number (if applicable).
Ensure that the details provided exactly match the ones listed on your IRS verification documents, such as the SS-4 Confirmation Letter or Letter 147C. Even capitalization and punctuation must align for successful updates.
EIN and Legal Business Name Updates
If you need to update or correct your EIN or Legal Business Name:
Ensure the business details are accurate and associated with the correct IRS documentation.
Confirm whether the business structure (e.g., Single-member LLC, Corporation) has changed.
Provide proof of ownership by confirming details such as: - Name and email of the account owner - Last four digits of the bank account on file
Contact Peerspace or manage the changes directly if prompted in the verification process. Once the information is updated, future tax forms such as the 1099 will reflect these changes.
By following these guidelines, you can ensure accurate updates to your tax and business information on your Peerspace account, maintain compliance, and prevent disruptions to your account or payouts.