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-   -   Sponsors and SSN tax ID safety (https://gfy.com/showthread.php?t=575679)

fxprophet 02-13-2006 06:57 PM

Sponsors and SSN tax ID safety
 
I am sure it is safer to run your site through a business with a tax ID but has anyone done this solo and used their SSN as a tax ID? grated is probably not safe ever to give out your SSN at all, but I was curious about this.

What type of business do you reccomend starting if so? LLC , Sole proprietorship?

sfera 02-14-2006 08:09 PM

well you should be ok if you are using well known sponsors

sfera 02-14-2006 08:09 PM

an llc is a good cheap option. probly the best option

fxprophet 02-14-2006 09:18 PM

I have heard the taxes are expensive to get done per year for an LLC. I heard Nevada and Delaware are good places to register an LLC

romeoboi 02-15-2006 03:05 PM

www.thedelawarecompany.com

Sofa King 02-15-2006 09:15 PM

Quote:

Originally Posted by fxprophet
I have heard the taxes are expensive to get done per year for an LLC. I heard Nevada and Delaware are good places to register an LLC

There are a lot of other advantages to being incorporated. Sure the taxes are a pain but imho you should find that with a good tax guy the benifits outweigh the expenses.

Regarding a personal SS number you should be totally fine with the well know affiliates. I have never heard of an problem and if there was it would be ALL ove r this board.


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