Do I need an EIN as a sole proprietorship 2024?
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Studied at the University of Tokyo, Lives in Tokyo, Japan.
The IRS uses the EIN to identify the taxpayer. EINs must be used by business entities--corporations, partnerships, and limited liability companies. However, most sole proprietors don't need to obtain an EIN and can use their Social Security numbers instead. Even so, you may want to obtain an EIN anyway.
2023-05-11 00:39:49
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Benjamin Hayes
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The IRS uses the EIN to identify the taxpayer. EINs must be used by business entities--corporations, partnerships, and limited liability companies. However, most sole proprietors don't need to obtain an EIN and can use their Social Security numbers instead. Even so, you may want to obtain an EIN anyway.