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Originally Posted by Worried
Thanks, I never knew you had to have employees in order to get an EIN, I thought just any self-employed person could get that...
Do you know if it's ok to open a corporate bank account with a SSN instead of an EIN? I don't have any employees.
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Employer ID Numbers (EIN) - Do You Need an EIN?
You will need an EIN if you answer "Yes" to any of the following questions.
Do you have employees?
Do you operate your business as a corporation or a partnership?
Do you file any of these tax returns: Employment, Excise, or Alcohol, Tobacco and Firearms?
Do you withhold taxes on income, other than wages, paid to a non-resident alien?
Do you have a Keogh plan?
Are you involved with any of the following types of organizations?
Trusts, except certain grantor-owned revocable trusts, IRAs, Exempt Organization Business Income Tax Returns
Estates
Real estate mortgage investment conduits
Non-profit organizations
Farmers' cooperatives
Plan administrators
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As to your other question, to get my business bank account, I think I had to provide my Business Licence, Ficticious Business statement and a tax return - I've operated my adult business for over seven years, so I don't recall exactly what hoops I had to jump through (your bank can tell you).
Oh yeah, and I needed proof of insurance ($1 million liability policy) for my lease too.
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