3 ms·
Can't Sole Proprietors obtain an EIN as well though? No way I'm using my SSN for stuff like that. I always used an LLC with an EIN.
by lsaferite 4y ago
Can't Sole Proprietors obtain an EIN as well though? No way I'm using my SSN for stuff like that. I always used an LLC with an EIN.
- xeromal 4y agoThey can. I assume DBAs (Doing business as) folks are the ones that use their SSN. Just real small-time shops.
- mcculley 4y agoMany sole proprietors execute under their SSN. Most will not bother to acquire an EIN.
- lfowles 4y agoI think the W9 form says to use SSN in case of a disregarded entity (such as a single member LLC).
- lsaferite 4y ago> You must show your individual name and you may also enter your business or DBA name on the “Business name/disregarded entity” name line. You may use either your SSN or EIN (if you have one), but the IRS encourages you to use your SSN. That's straight from the W-9 instructions. You _can_ use an EIN. In my opinion you _should_ use an EIN.
- lfowles 4y agoNow I'm even more confused, heh. From the previous page: > If you are a single-member LLC that is disregarded as an entity separate from its owner, enter the owner’s SSN (or EIN, if the owner has one). *Do not enter the disregarded entity’s EIN* Edit: I suppose the distinction is that you should have an EIN for your name