Help! Signed in Wrong!

[c12d89ad]

I realized too late that I'd signed in as a company!  Now I'm getting questions about that imaginary company.  I'm an individual.  How do I change that??  Thanks!

[nyrrielatienza]

Hi Jolene,

What you can do is to create a freelancer profile under the one you have currently. Go to Settings > My Info page  > scroll down to create new account  > then create a New Freelancer Account. Once you've created a Freelancer profile, you'd have an option to close your Client account. 

[c12d89ad]

Thank you for your kind reply. I thought I’d signed up wrong because the information requested referred to me as a company with employees. I’m just an individual looking for someone to format my book. I’ve since found another site that is much easier to use.

Jolene

[siddhantchothe]

In my case, my profile showcases an individual. But I want to represent my company (providing services). I don't want client account. I would like to setup my payment method to allow incoming payments. Here I would like to provide my company's bank account.
Before that, I provided company name and address in W8BEN section. But I remember signing W8BENE (note extra E). This was with another client we had dealt with in past. This allowed to take USD payment. This form allowed to have no tax implications out here
Can Upwork allow to convert my account to company provider account if available? Or can Upwork allow to fill up W8BENE instead of W8BEN.

[g_vasilevski]

Hi Siddhant,

If you would like to represent yourself as a company or work as a team you will need to open an agency profile. You can set up a company bank account as a payment method and withdraw your earnings.

Regarding the forms, I`m not sure what type of form you`re referring to with W8BENE, all you will need to fill out is our W-8BEN form. Thank you.

[siddhantchothe]

Thanks for those insights. In W8BEN case, what are tax implications? How much tax gets levied on income earned?

[g_vasilevski]

Hi Siddhant,

Unfortunately I can't advise you about this. I would suggest consulting yourself with a local specialist about your taxes and how to report your earnings from Upwork. Thank you.

[siddhantchothe]

Ok - I understand about tax implications - it would be sorted out locally.

But here is some information I found regarding W8BENE.

There are five variations of the W-8 form. In addition to the W-8ECI and the W-8BEN, there is also the W-8BEN-E form, which is used by beneficiary owners (businesses only) that claim to be tax residents outside of the United States.

This text was found on this link: https://www.investopedia.com/terms/w/w8form.asp

The above phrase which i pasted is under the heading 'Variations of the W-8 Form ' in the above article

[g_vasilevski]

Hi Siddhant,

I would like to clarify again that the only two forms we have here are:

1. W-8BEN
2. W-9

At the moment we don't have any other type of forms. Thank you.