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BradMajors
05-03-2014, 10:13 AM
I have operated my sole proprietorship for several years using my SSN. I need to switch to using a EIN in order to hire employees.

How, and what issues are involved in making this change? I have bank accounts, contracts, tax returns, business licenses, etc. that use my SSN. Can I simultaneously use my SSN and EIN for a while?

taxcpa
09-16-2014, 10:48 AM
Just get the EIN from the IRS and update all the places you mentioned. As a sole proprietor you are filing a "Schedule C" as part of your tax return. There is a line at the top for the business EIN if not using your social security number. Just put it there on your next tax return you file.

You should not use both at the same time.

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05-28-2020, 02:02 PM
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speeduser
12-30-2020, 02:09 AM
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AndersenWade
12-30-2020, 03:19 AM
A government boss recognizable proof number, or EIN, is a nine-digit number the IRS appoints to organizations for charge documenting and detailing purposes. The IRS utilizes the EIN to distinguish the citizen. ... Be that as it may, most sole owners don't have to acquire an EIN and can utilize their Social Security numbers all things being equal.

raviseo121
03-08-2021, 02:42 AM
thanks for sharing with us

KKDivan
04-02-2021, 10:43 AM
Emmm, there is no actual problem in using them both actually. I mean, what kind of problems can you have out of using the Employer identification numbers and the Social Security number? These are actually two things that interact with each other and you really need it. You could have googled that, and you would understand that there is no problem actually. However, you must be very cautious while doing this all, in case you do not want to look for the best company liquidation specialists online (https://www.antonybatty.com/company-liquidation/). Hope you have already fixed it all.

raviseo121
04-09-2021, 04:55 AM
Thanks for sharing with us

RaniaRanii3
04-17-2021, 12:18 PM
EIN SSN for sole ownership

A sole owner without workers and who doesn't record any extract or annuity plan assessment forms needn't bother with an EIN (however can get one). In this case, the sole owner uses their government backed retirement number (rather than an EIN) as the citizen distinguishing proof number.