Legal Entity Sharing enables Stripe merchants to reuse existing Legal Entities when onboarding new accounts. For example, a merchant may create a Stripe account with Platform A for their legal entity and later decide they will also onboard with Platform B. This will create a second Stripe account for the same legal entity.
You onboard with the platform Platform A (the experience will look different depending on the platform).
If this is your first Stripe account, you will be prompted to secure your account with 2FA.
Fill out the account application form. This will include the “Tell us about your business” section which asks for information about your legal entity. You will also set yourself, or someone at your business who is authorized, as the “Company Representative” (owner of your Stripe account).
Your first Stripe account is created.
If you decide you would also like to use the Platform B, you can use “Legal Entity Sharing.”
When you onboard with Platform B, use the *same* email address to create the account.
You will be prompted to link an existing Stripe account or add a new Stripe account.
To share your legal entity, click to “link an existing Stripe account.”
Upon completion, two Stripe accounts will appear under the toggle menu in the top left hand corner of your Stripe Dashboard.
You can update your legal entity details at this page in your Dashboard:
https://dashboard.stripe.com/settings/taxation
Any changes that you make in one account will be reflected in all of your accounts sharing the same legal entity. You will see a header at the top of this page that warns you before making this change.
If you need to update the Company Representative on your Stripe account, please see this page:
https://support.stripe.com/questions/change-the-owner-of-a-stripe-account