I asked this question around on different post, but I still haven't got my brain wrap around it yet. So I will try it again on its own post.
How do you guys solve the EIN/SSN problem when creating stealth account?
Here is some information about me
1. I'm from the US.
2. Both SSN and EIN as sole proprietorship was connect to my paypal account
3. Is it true that only 1 EIN per SSN?
4. Can I get another DBA (1 or a few) using my SSN (still sole proprietorship)
5. If I can get another DBA, can I get more EIN?
Thanks.
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Umm, one EIN per company. You'd have to register another company. YOu make it sound like he can just go online, pay $5 and get an EIN, pay $5 get another, and another. I wish.
Quote:
Originally Posted by newjerseymax
You can have 1 EIN per LLC and 1 EIN as Sole Proprietor. If you burned your Sole Proprietor on banned account then you will be required to create a new corporation and then you can get another EIN per Corporation.
The days of getting multiple EIN's online are over several years ago.
Sure you can lie to IRS and say you own many Corps, but that will eventually lead to big trouble.
I heard contradict opinion in a different post.
If you have multiple EIN, do you file multiple C-schedule when you do tax? Or just 1?
I believe there are diff ways to obtain EIN. If you are getting an EIN for a sole proprietorship then I believe you only get one. But you can open as many LLC Corps as you want and get an EIN for each one, which is really the EIN you need over a sole proprietorship anyhow. So both opinions are correct, but they are using diff sources for each.
I see. Just to clarify: I only be able to get 1 sole-proprietorship? So if I already have one, I will have to create a LLC or S-corp? Is the process of getting a LLC different from Sole-proprietorship?
@Bjamin: what different ways are you talking about? I thought that either getting one as sole-proprietorship, or 1 as LLC, corp of sometime and that's it?