Answers

Federal Tax Number for Online Business

Asked by: Wanda McDaniel  — 20 September, 2011

Do I need a Federal Tax Number for business online? If so can I use my SS number?

Answered by: admin  — 20 September, 2011

Wanda,

Online business is a business like any other business. If you plan to form a corporation (or LLC taxed as corporation), if you have partners, or if you have employees you would need to obtain a Federal Tax ID (called EIN).

You can use your SSN as a tax ID for your company only if you do not have employees and your business is a sole proprietorship or a single member LLC (in which case it will be taxed as disregarded entity).

Ask Incorporation Question
Please enter your full name
Please enter your email address
Please select your phone number
Please select
Please enter text message
Begin Web-Stat code v 6.0