1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Just got an EIN, omg it was fast

Discussion in 'BlackHat Lounge' started by Roparadise, May 31, 2012.

  1. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    786
    Likes Received:
    1,417
    I just got a EIN for a sole proprietorship and it only took about 5 minutes from going to IRS website to getting the document I download that shows my EIN. I thought it took about 1 week to get it.

    So guys what should I do with my EIN ?
     
  2. mikeads66

    mikeads66 Junior Member

    Joined:
    May 23, 2009
    Messages:
    110
    Likes Received:
    58
    Start paying taxes.
     
    • Thanks Thanks x 4
  3. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    786
    Likes Received:
    1,417
    Should I apply for a business credit card at a place such as bestbuy or other store?
     
  4. LakeForest

    LakeForest Supreme Member

    Joined:
    Nov 11, 2009
    Messages:
    1,269
    Likes Received:
    1,802
    Location:
    Location Location
    Now whenever any business online asks you for an SSN, you give them your EIN.

    If you start working with CJ, this will be somewhere you'll be implementing your EIN.

    If you make paypal accounts for business, use your EIN.

    I might be mistaken, but if you make an EIN online once you can't do it again.

    I'm actually curious: If you change your business name, but are not incorporated, do you need to change your EIN? If you have a business line of credit or business checking account in a different name than the business listed on the EIN, do you need a new one, or can either the company listed on the EIN or bank account be a subsidiary of sorts to the other?
     
    • Thanks Thanks x 1
  5. proseospecialists

    proseospecialists Junior Member

    Joined:
    Feb 18, 2009
    Messages:
    116
    Likes Received:
    27
    you can have multiple EIN ie multiple businesses, different tax IDs
     
    • Thanks Thanks x 1
  6. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    786
    Likes Received:
    1,417
    These are the rules on getting a new EIN.

     
  7. LakeForest

    LakeForest Supreme Member

    Joined:
    Nov 11, 2009
    Messages:
    1,269
    Likes Received:
    1,802
    Location:
    Location Location
    Right, but if nothing is incorporated, can you have 1 EIN and lump all your business taxes together?

    If it's sole proprietorship, taxes are pretty much the same as regular income tax, so is it absolutely necessary to have multiple EIN or will 1 suffice for multiple sole proprietorships? Can't I have the business name listed on the EIN be like my "company" and other business names I use act as brands of that company?
     
  8. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    786
    Likes Received:
    1,417
    You can file for a DBA for each business and use the same EIN for all of them.
     
    • Thanks Thanks x 1
  9. VIC SEO

    VIC SEO Elite Member

    Joined:
    Feb 19, 2010
    Messages:
    2,156
    Likes Received:
    363
    Gender:
    Male
    Occupation:
    SEO Specialist
    Location:
    iSynergyMedia
    Home Page:
    with EIN you can lot of things .are you from USA? can you tell the procedure to get it? I am interested to get one from long time.
     
  10. Roparadise

    Roparadise BANNED BANNED

    Joined:
    May 25, 2011
    Messages:
    786
    Likes Received:
    1,417
    Just go here https://sa1.www4.irs.gov/modiein/individual/index.jsp and it has all you need to know on getting a EIN.