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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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EIN # ???
WHo has this? is it easy to obtain?
and what in the sam hell does it mean.
I have to invoice for a project I am on and someone asked me if I had an EIN or was I registered as a SMLLC (Single Member LLC)
what the h man?
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Posted 5/17/07 12:43 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: EIN # ???
EIN sometimes means Tax Id number for the company...
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| Posted 5/17/07 12:47 PM |
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MrsERod
Praying for Everyone.
Member since 5/05 26170 total posts
Name:
MrsERod™®
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Re: EIN # ???
Employer Identification Number
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| Posted 5/17/07 12:47 PM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: EIN # ???
I have an EIN# - which is an Employer Idefnitifcation Number. It's used as a Federal Tax ID.
You can file for free on the IRS' website, if you're set up as a business.
http://www.irs.gov/businesses/small/article/0,,id=98350,00.html
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| Posted 5/17/07 12:48 PM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: EIN # ???
Posted by ChrissynRicky
You can file for free on the IRS' website, if you're set up as a business.
I am not set up as a business. I am a freelancer and I did a project that they want me to invoice for...
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| Posted 5/17/07 12:49 PM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: EIN # ???
Posted by mommy2bella
Posted by ChrissynRicky
You can file for free on the IRS' website, if you're set up as a business.
I am not set up as a business. I am a freelancer and I did a project that they want me to invoice for...
Let her (they) know that you do not have an EIN. It shouldn't be a problem for you, they will probably need it so that they can claim this project for their audit trail.
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| Posted 5/17/07 12:51 PM |
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MrsMerlot
Unconditional Love
Member since 4/06 6005 total posts
Name:
Chrissy
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Re: EIN # ???
I would also recm'd you do set yourself up as a SMLLC to protect your persaonl assets and relieve you of liability God-forbid something does go wrong w/a project, and they come after you.
It's protection that's worth it.
FM me if you want more info. 
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| Posted 5/17/07 12:52 PM |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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Re: EIN # ???
Posted by ChrissynRicky
I would also recm'd you do set yourself up as a SMLLC to protect your persaonl assets and relieve you of liability God-forbid something does go wrong w/a project, and they come after you.
It's protection that's worth it.
FM me if you want more info.
listen to the woman!
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| Posted 5/17/07 12:55 PM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: EIN # ???
Posted by ChrissynRicky
I would also recm'd you do set yourself up as a SMLLC to protect your persaonl assets and relieve you of liability God-forbid something does go wrong w/a project, and they come after you.
It's protection that's worth it.
FM me if you want more info.
Thanks so much  I am meeing with my accountant next week to figure out this whole next wrinkle.
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| Posted 5/17/07 12:56 PM |
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Christine
2nd verse same as the 1st
Member since 5/05 15287 total posts
Name:
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Re: EIN # ???
Posted by mommy2bella
Posted by ChrissynRicky
You can file for free on the IRS' website, if you're set up as a business.
I am not set up as a business. I am a freelancer and I did a project that they want me to invoice for...
They need this information so they can issue 1099s at the end of the year. For freelancers at my company that do not have an EIN the 1099 is prepared wth the freelancers ss#.
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| Posted 5/17/07 12:57 PM |
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TheWhiteRabbit
Thru the rabbit hole!
Member since 7/06 4412 total posts
Name:
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Re: EIN # ???
As an accountant, in general, I don't recommend a SMLLC but an S-corp. LLCs and S-corps have the same liability protection but there are advantages to an s-corp over an LLC. I'm sure your accountant will go over them with you. For some reason many people think LLCs have greater liability protection but they do not. Of course there are exceptions as to why one would get an LLC over an S-corp (a real estate holding company for example) but for general use an S-corp is more practical.
If you really want an EIN, you can get one instantly here as an individual or a business. For an individual you just put your name on like one and for 8A you check the ‘sole practitioner’ box:
https://sa1.www4.irs.gov/sa_vign/newFormSS4.do
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| Posted 5/17/07 1:19 PM |
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pnm1654
Mommy to 2 boys!
Member since 5/05 4565 total posts
Name:
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Re: EIN # ???
DH is a freelancer and doesn't have an EIN. He just uses his social security no.
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| Posted 5/17/07 1:30 PM |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: EIN # ???
Posted by pnm1654
DH is a freelancer and doesn't have an EIN. He just uses his social security no.
ditto for me!
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| Posted 5/17/07 2:47 PM |
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