This is correct. It's really stupid, I don't understand why AT&T would put a restriction on this phone. I mean you can get ANY phone in their store under a Business Tax ID but you can't get the iPhone. It's not just stupid, its retarded. I don't understand the benefit they get from doing this. I had to put the phone under my personal name instead of my businesss. I hope they change this very soon so I can get the service into my company name like it should be.