I’m a nonresident planning to start a small business in the U.S. as a sole proprietor. Do I need an EIN to operate, or can I just use my personal details like a Social Security Number for tax and banking purposes?
When you want to operate a business as a sole proprietor, obtaining an EIN can be beneficial as it separates your business and personal finances, especially if you plan to hire employees or open a business bank account. But if you do not have any employees, you can use your social shttps://businessglobalizer.com/services/ein-service/ecurity number (SSN) for tax purposes.
Nonresidents can\’t typically form a sole proprietorship due to some legal complications.
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