Discussion in 'Business & Tax Advice' started by skylark516, Sep 4, 2009.
Do I have to have a registered business to get a EIN?
Can I get one if i'm under 18?
I would also like to know this.
you can get a EIN with out a business name, everything tax related will be billed to you opposed to your business name
but for your age? i dont know, hell just goto irs.gov and see if they let you... i bet you can with no problem...
The application to obtain an IRS does not ask your age but it does require that you give your date of birth. That being said, the purpose of an EIN is to establish a tax identity for a business, but you can be a sole proprietor and still receive one.
FYI the application can be found at irs (dot) gov - once there do a search for online ss4 application, it will be a pdf form that you can fill out on line and once submitted you will get the EIN in less than two minutes
I guess the basic question we all want to know is: Do you benefit in any way by using an EIN without a registered LLC or alike? people don't like to give out their SSNs but individulas who work on a smaller scale just might not be ready to form a real company.
I'm going to try to verify this week that a Sole Proprietorship with an EIN is even feasible. The reason I want to investigate is to get multiple accounts with each CPA net to spread the risk out for blackhat traffic.
If I declare myself as a sole proprietorship I call "Acme Marketing" and get an EIN, I can open an account with a CPA net, giving them the name Acme Marketing, the EIN, a UPS Store mailbox and a skype phone number. The CPA Net would have no reason to link that account to the one that's in my real name.
I've currently got 10 CPA networks, and am aiming to grow that to 25. If I then get a box/phone/EIN I can double that to 50, there are at least three places within 5 miles of my home where I can get a mailbox, that would take me to 100.
Why? Because blackhat CPA is risky. It's far too easy to get a complaint or to let something slip and have an account get locked. With 10 accounts, that would be 10% of my income stream. With 25, it's 4%, with 100 it's 1%. I've got systems in place to rotate and track offer URLS so that I can ensure that traffic is spread out evenly. A bit of tracker202 trickery for some referrer scrubbing, some work to distribute out my DMRs out over several seemingly unrelated boxes, and no single CPA Network account can impact me enough that I feel it. At least that's the theory.
Why not LLC? Eventually. But LLCs cost money, require crazy paperwork in some states, and are a lot more initial work to set up and maintain, whereas I'd rather get things moving.
Separate names with a comma.