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Video instructions and help with filling out and completing are federal ein numbers public record
Should use an EIN or an SSN for opening up a business bank account that's the subject of today's question on I don't really have a name for the show hey yeah my name is Jim Hart I'm the founding attorney here at Hawthorn law and I have to apologize because we have not been producing content regularly enough for you and one of the main reasons for that is at the beginning of November we were notified that our lease was going to be cancelled by our landlord and this happened to everyone that's in our building it wasn't just us they couldn't renegotiate their lease with the owner of the building and so they had to cancel everyone's gliese so we've all been scrambling to find new office space and I'm actually right now in the process of moving into a new office condo down the road it's a much bigger space it's gonna be a great space I'm excited because my it'll give me an opportunity to expand and do some other things and but that's what's happening and that's why I haven't been posting videos quite as regularly as I typically would do anyway so this question comes to us from Emmie cami won and it says if you have a single member LLC a tax as a disregarded entity and you want to open a business bank account should you use the ein issued for the LLC or should you use your personal social security number when you're opening up your business bank account for the first time you use a social security number or do you use what's called an EIN or an employer identification number now it really depends on the type of business entity that you're going to be using for your business if you're simply a sole proprietor and you want to open up a new bank account for your business then you can open up a business bank account and call it a DBA account or doing business as account so it could be in your name doing business as whatever the name of your business is and you typically are going to want to register that name with your Secretary of State's office to make sure that nobody else is using that name in your state but assuming that's okay and you can do that that's one way you can do it and you can open up your business actually with your social security number and that's perfectly fine well most people are going to do however is when they start their LLC they're going to want to actually get an employer identification number for their LLC is pretty easy you can do it either online you can do it on the phone or you can file what's called a form SS 4 which is where you basically state all the specifics about your business and mail it in and they will mail you a employer identification number