2006-09-10 12:24:18 · 7 answers · asked by Anonymous in Business & Finance ➔ Small Business
It depends on how your business is organized. If you are a sole proprietorship, then your Social Security Number IS your tax ID number. If you are a corporation or an LLC, you need to apply for tax ID numbers with the IRS and your state tax authority.
2006-09-10 13:08:44 · answer #1 · answered by NC 7 · 0⤊ 0⤋
You do not need either of those if you're virtually selling merchandise.
If you incorporate your business then you get a Tax ID or if you open a storefront or commercial bank account as a sole proprietor you'll need your SSN.
2006-09-10 13:43:33 · answer #2 · answered by Studio7 2 · 0⤊ 0⤋
Why on earth would you consider publishing your Social Security Number in these days of Indentity Theft??? No, you definately need a Tax ID, Vendor's License or some form of EIN (Employer Identification Number) to show you are a legitimate business.
2006-09-10 12:30:24 · answer #3 · answered by Anonymous · 0⤊ 2⤋
Your SSN is enough if you're a sole proprietor, unless you'll have employees or if you'll be collecting sales tax.
2006-09-10 17:28:27 · answer #4 · answered by Papa John 6 · 0⤊ 0⤋
SSN is fine. As you sell things, you will want to track what you sell it at and also all your expenses (price you paid, seller fee's, internet service, shipping paid by you).
2006-09-10 12:33:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Unless you are incorprated, your SSN is perfectly fine to use as your TIN.
2006-09-10 17:20:30 · answer #6 · answered by Picture Taker 7 · 0⤊ 0⤋
everything i have read from ssadmin. to Joe no one Smoe says DONOT give out ss# on line you are asking for trouble if you do
2006-09-10 12:57:20 · answer #7 · answered by moonwalker 3 · 0⤊ 2⤋