Running businesses can be a tricky affair on the best of days. That is especially true when it is time to file your business taxes and you are unsure of what kind of documentation you need to provide. Oftentimes, for example, businesses are required to provide an EIN number in order to file their business tax returns. This does not always hold true when talking about a sole proprietorship, however, so it is important to understand when you absolutely need an EIN for a sole proprietorship and when you do not.
Do I need an EIN for sole proprietorship?
When most people wonder if they need an EIN, the answer is usually “yes”. That is not always the case for sole proprietorships. If you are running a sole proprietorship and have no employees, and also do not intend to file an excise or pension plan return, then you probably do not need to apply for an EIN for sole proprietorship. Instead, you can use your social security number. It should be noted, however, that you can apply for an EIN online for sole proprietorship if you would like to.
Apply Online Today
Visit GovDocFiling and let them help you apply for an EIN for sole proprietorship today. They have a simplified application process that will help you file quickly and without frustration. Their results are even expedited, often arriving on the same business day! Take a look at their website today and get started.