I am about to open my own business. I have already applied for both my fictitious business license and my business license and waiting for them to arrive. Do I need to apply for an EIN? If so can I do it now or do I need to wait until I physically have the licenses? I already have an entity that would like to contract with me, starting in January and the need a W-9. I do not know if jumy Social Security number will suffice or if I need a EIN since the contract will be with my business not me as an individual

  • aethelthread@alien.topBEnglish
    1·
    1 year ago

    You should definitely get an EIN it’s cheap and fast as long as your state registrations are in order. You don’t want your SSN flying all over the place.

  • Thisisamericamyman@alien.topBEnglish
    1·
    1 year ago

    When you get your business license then apply for your ein. Once you get your ein, setup a business banking account using the name on your business license. Your business income will be run through the ein.