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-   -   LLC question (https://www.aspkin.com/forums/amazon/89815-llc-question.html)

H4ck 09-28-2015 02:51 AM

LLC question
 
when you apply for an EIN # with your SSN for an LLC and you get a randomly generated EIN # does it show up on your credit report?

H4ck 09-28-2015 09:43 AM

Re: LLC question
 
any ideas anybody?

jeffweico 09-28-2015 12:02 PM

Re: LLC question
 
Does the EIN show up on your credit report? No. And I would not say they are randomly generated. I'm sure the IRS has a method of giving these out. I don't know what that method IS, but I'm sure there is one...

AmazonAMust 10-02-2015 12:21 AM

Re: LLC question
 
Quote:

Originally Posted by jarsky541 (Post 709273)
any ideas anybody?

EIN Is "Employer Identification Number" and as such, has nothing to do with personal credit profiles.

On the other hand, when a company (such as a supplier) inquires on another (prospective buyer), and a business credit report is ordered (D&B, etc) then the EIN would show up on that report!

AmazonAMust 10-02-2015 12:22 AM

Re: LLC question
 
Quote:

Originally Posted by jarsky541 (Post 709178)
when you apply for an EIN # with your SSN for an LLC and you get a randomly generated EIN # does it show up on your credit report?

EIN Is "Employer Identification Number" and as such, has nothing to do with personal credit profiles.

On the other hand, when a company (such as a supplier) inquires on another (prospective buyer), and a business credit report is ordered (D&B, etc) then the EIN would show up on that report!

Superfly101 10-02-2015 07:42 AM

Re: LLC question
 
Do D&b and all that stuff speed up velocity reviews?

rsot 10-02-2015 10:03 AM

Re: LLC question
 
Likely some algorithm involved in the number generation

yankee 10-02-2015 10:20 AM

Re: LLC question
 
Quote:

Originally Posted by Superfly101 (Post 710421)
Do D&b and all that stuff speed up velocity reviews?


It can but most Amazon sellers will have little or zero history on D&B.

Most stealthers do not have lines of credit, vendors, etc...that are reported to D&B also, MOST creditors dont report positive to D&B but bank loans, credit cards on your EIN will.

Most vendors will only report collections on D&B.

Chepe 10-03-2015 03:50 PM

Re: LLC question
 
How many EIN can you get I here you can get only 1 some people said you can get as many you want but the business name as to be different any advice, And no your EIN dont get to your credit is like another credit but under your business name some companies will ask for your SS# for a back up just in case the EIN dont pay or have any problems then they will go with your SS# but you wont see your EIN on your personal credit, Hope this help.

yankee 10-03-2015 03:56 PM

Re: LLC question
 
You are welcome to own as many companies as you desire. Warren Buffet owns thousands supposedly as example....

Your companies can own companies as well.

Chepe 10-04-2015 05:20 PM

Re: LLC question
 
It can be under your name or it as to be under a LLC or corporation

yankee 10-04-2015 06:00 PM

Re: LLC question
 
Quote:

Originally Posted by Chepe (Post 711011)
It can be under your name or it as to be under a LLC or corporation

You are allowed one EIN per SS but I personally would never do that. It links directly to you, most taxed(almost always) and not very stealthy and most risky legally.

Companies and you ave a handful of options. Unlitted EINs for companies.

WarriorGoddess 10-15-2015 03:29 PM

Re: LLC question
 
You can have ONE EIN as a sole proprietorship.
You could file as many DBA's as you want, but still only get ONE ein number.

If you want a new EIN, you'll have to file a LLC or something.

Superfly101 10-17-2015 02:37 PM

Re: LLC question
 
Another question, I went to a major bank and got a business credit card and its in the name of the business plus my name. Can I put the stealth name under credit card information and it will work or they cross reference names when they charge cards?

yankee 10-17-2015 07:09 PM

Re: LLC question
 
Quote:

Originally Posted by Superfly101 (Post 714438)
Another question, I went to a major bank and got a business credit card and its in the name of the business plus my name. Can I put the stealth name under credit card information and it will work or they cross reference names when they charge cards?

Be more specific.

When are you using this card that would require a stealth name?

If you are talking about paypal/ebay/amazon, the ZIP CODE must match.

Anything else, I do not understand why you would want a stealth name.

Superfly101 10-19-2015 09:31 PM

Re: LLC question
 
Meaning you have a personal account with real information: Bob Smith


You open a new LLC with the business name Bob's Tech Toys
The credit card from BOA says Bob's Tech Toys but also has your personal name
Bob Smith.
You open a business checking account in the name of the business and your the only account
holder Bob Smith.


Can you put a different name under the Credit Card and Bank Account sections on the Amazon and eBay
account portions and you still get paid and credit charged, etc.? I'm sorry but I'm a rookie at Stealth and
have put a ton of work in and don't want to get linked.


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