Starting a Business corporation question

[Jaknel]

Jurisdiction

Indiana

Can you set up a corp or a llc and now use your ss number?

 

[adjusterjack]

"Under federal guidelines, you also need an EIN (Employer's ID Number) if you have a qualified retirement plan, operate your business as a corporation or partnership, or file employment taxes, or excise taxes."

So you could not use your SS number for a corporation but you could use if for an LLC if you have no employees since an LLC is a disregarded entity for US income tax purposes.

See the following Indiana business guide:

http://www.in.gov/core/files/Business Owners Guide1.pdf

And the IRS website has a ton of information for small businesses.

 

[Michael Wechsler]

And it's very easy to obtain an EIN (Employer Identification Number) from the IRS. And you can obtain one very quickly.