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EIN Question

Discussion in 'Business & Tax Advice' started by MrFreeweed, Sep 24, 2009.

  1. MrFreeweed

    MrFreeweed Newbie

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    I'm not very sure about which direction to go. I'm like the rest as far as not wanting to be without back up account for blackhat CPAing and methods. Which way should I go just for a start. Can I have more than one EIN so I can make backup accounts.

    I will list the chooses. I don't like asking seemingly dumb questions but I want to do this right the first time.

    Thank you a ton.


    https://sa1.www4.irs.gov/modiein/individual/help/keyword.jsp?keyword=Sole%20Proprietor Includes individuals who are in business for themselves and household employers.
    https://sa1.www4.irs.gov/modiein/individual/help/keyword.jsp?keyword=Partnership
    Includes partnerships and joint ventures.
    https://sa1.www4.irs.gov/modiein/individual/help/keyword.jsp?keyword=Corporation
    Includes S corporations, personal service corporations, real estate investment trusts (REIT), regulated investment conduits (RIC), and settlement funds.
    https://sa1.www4.irs.gov/modiein/individual/help/keyword.jsp?keyword=Limited%20Liability%20Company%20%28LLC%29
    A limited liability company (LLC) is a structure allowed by state statute and is formed by filing articles of organization with the state.
    https://sa1.www4.irs.gov/modiein/individual/help/keyword.jsp?keyword=Estate
    An estate is a legal entity created as a result of a person's death.
    https://sa1.www4.irs.gov/modiein/individual/help/keyword.jsp?keyword=Trusts
    All types of trusts including conservatorships, custodianships, guardianships, irrevocable trusts, revocable trusts, and receiverships.

    View Additional Types, Including Tax-Exempt and Governmental Organizations
    If none of the above fit what you are establishing, there are several others to choose from.
     
  2. Laser

    Laser Jr. VIP Jr. VIP Premium Member

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  3. MrFreeweed

    MrFreeweed Newbie

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    Thank you. That was perfect and it answered many other questions I most likely would of had. :)
     
  4. MrFreeweed

    MrFreeweed Newbie

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    I went with sole proprietor. I do not want to pay for a LLC just yet.


    I used a link I found on the forums if anyone else needs a EIN as well.
    Code:
    https://sa1.www4.irs.gov/modiein/individual/index.jsp
     
  5. thugkilla

    thugkilla BANNED BANNED

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    start off with an sole prop, then if you have money u can create an LLC ($300-$450).

    either way you could get unlimited DBAs and one EIN per DBA