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DBA's and EIN's

Discussion in 'Business & Tax Advice' started by CSalt2, Feb 20, 2009.

  1. CSalt2

    CSalt2 Jr. VIP Jr. VIP Premium Member

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    Hey everyone,

    Ok, so I'm kind of curious about this whole DBA thing. I've seen mentions of it around, but I'm having a hard time grasping the exact concept.

    Every incorporation service I talk to says they're not sure if I can register new EIN's for each DBA, could someone clarify exactly how this is done?

    Also does anyone have any suggestions for DBA services that can assist in helping you setting up DBA's and possibly EIN's with those DBA's... I'm having a difficult time finding that, they'll setup DBA's but not EIN's, unlike incorporation services that will setup a EIN for you as well.

    IF anyone could share the exact process for setting up a DBA and registering a EIN with it, or how you do it, I'd be very 'thanksful' :)
     
  2. innocent

    innocent Junior Member

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    You don't need a service to accomplish what you are trying to do. First, you will file for a business license in your city such as "My Company" DBA "CSalt2". Then, you are able to go here: http://www.irs.gov/businesses/small/article/0,,id=102767,00.html to obtain an EIN for company CSalt2. THen, just repeat this process as many times as you need. Although not a requirement, there is no reason you can't get a new EIN for each DBA that you set up.
     
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  3. CiscoKid

    CiscoKid Registered Member

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    OK - I am just going by what I was told by the folks at Bizfilings, who of course want to sell me more shit. But the dude was ADAMANT I / anyone could have multiple EIN's, unless you had them under seperate corporations. A DBA has to file under the corporate EIN..

    I know several of you have done the opposite, but does anyone have any back up for the real law on this?

    Thanks..
     
  4. innocent

    innocent Junior Member

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    Just go straight to the source, call the IRS Business & Specialty Tax Line at (800) 829-4933. Really its best to discuss with them your specific situation (i.e. what type of business structure, C Corp? S Corp? etc). Straight from the horse's mouth then you will get all the confirmation you need.

     
  5. loamigad

    loamigad Jr. VIP Jr. VIP

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    You think a non us person can setup a corp / bank accs and all that shit over the phone, maybe fax all the papers in or something?
     
  6. CSalt2

    CSalt2 Jr. VIP Jr. VIP Premium Member

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    yup, the hard part is going to be getting yourself a bank account
     
  7. mrjinx

    mrjinx Regular Member

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    1) Set up a Corporation and obtain EIN

    2) Register a fictitious name in your local area. This becomes your "DBA"

    3) Go to the IRS page that innocent posted above and get another EIN for that "DBA"

    Simple :)

    Jinx
     
  8. calm

    calm Registered Member

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    corp dba ein = simple the problem comes with the bank accounts.
     
  9. CSalt2

    CSalt2 Jr. VIP Jr. VIP Premium Member

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    when you go to the IRS page... do you register the DBA as a corporation,llc, or sole proprietor... or what?

    thanks
     
  10. mrjinx

    mrjinx Regular Member

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    You need to think outside the box - jump out of the box already! :D

    A bank account can be opened in a business name as long as you have the proper paperwork. If you have a corporation, then you will provide EIN and corp papers. You will simply be a rep of the company.

    Jinx
     
  11. mrjinx

    mrjinx Regular Member

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    DBA is a subsidiary of the corporation. The corp is the main entity. The DBA is a subsidiary of this corporation and is registered as a company.

    IF you are currently a CORPORATION:

    You will be required to obtain a new EIN if the following statements are true: (pay attention to NUMBER 2)

    1 - A corporation receives a new charter from the Secretary of State.

    2 - You are a subsidiary of a corporation using the parent's EIN or you become a subsidiary of a corporation. - THINK DBA!!!

    3 - You change to a partnership or a sole proprietorship.
    4 - A new corporation is created after a statutory merger.


    IF you are currently a SOLE PROPRIETOR:

    You will be required to obtain a new EIN if the following statements are true:

    1 - You are subject to a bankruptcy proceeding.
    2 - You incorporate.
    3 - You take in partners and operate as a partnership.
    4 - You purchase or inherit an existing business that you operate as a sole proprietorship.

    Number 4 you could use to get an additional EIN, however I strongly recommend becoming a CORPORATION.

    Your WELCOME (hint) ;)

    Jinx
     
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