Forum

Re: How do you get professional account when they require ssn?
 

Yes, you can create, in theory, 100 EINs, but the repercussions in the long term for having so many companies under your SSN is unforeseen.

You would need to file for taxes on 100 different EINs. That's insane! You still have to do things the smart way...

Re: How do you get professional account when they require ssn?
 

Hi, can a Non-US resident get a SSN/EIN for stealth accounts on amazon.com without having to open a LLC or sole prop. company?
Kindly throw some light.

Re: How do you get professional account when they require ssn?
 

Nobody can USA citizen or not.

Re: How do you get professional account when they require ssn?
 

How could it be stealth?

The SSN belongs to a unique idividual whose name is likely not on the stealth account.

:deadhorse:

Re: How do you get professional account when they require ssn?
 

OK, I need clarification on this.

Can a single individual or single corporation have several EINs or not? Now I understand that anyone can open unlimited number of corporations, each with it's own unique EIN number. That's not my question, everyone knows that. My question is can one individual (SSN) or Corporation (with it's already assigned EIN) own several more EINs without opening new corporation for each?

Again, I'm pretty much 100% sure that ONE individual (with one SSN) CANNOT have several EIN numbers. The limit is 1 for life. I've discussed this with IRS several times.

I have not tried to do the same with a Corporation, but assume same rules apply. The messages on this thread make it sound like one Corporation can have unlimited EINs...

Re: How do you get professional account when they require ssn?
 

Your corp can own other LLCs and corps but it is still filing for a new LLC or Corp.

Example is Kraft owning several other brands/companies all with its own entities. Then those profits pass through to Kraft.

Re: How do you get professional account when they require ssn?
 

Example:

Titan Holdings Corporation
Holds:
ABC Realty Trust
Bluepond Estate LLC
Barkley Point LLC
Ronalds Sales and Marketing LLC

The profits/losses pass through to Titan Holdings. It is essentially a tax strategy and for raising unsecured capital.

Re: How do you get professional account when they require ssn?
 

Thank you Yankee, that's what I suspected I guess. So no, the answer is no. You need to setup many new corporations, and it's completely irrelevant who owns them, if one of them owns all the rest, or half own the other half, or me personally owns all the corporations. At the end of the day, you paid for setting up all of them, you pay for maintaining them, you pay yearly fees, and you pay for taxes, even if it's just pass through profits. :(