Sponsors and SSN tax ID safety

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  • fxprophet
    Registered User
    • Apr 2004
    • 55
    #1

    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?

    ICQ: 7443343
    Tags: None
    • sfera
      Confirmed User
      • Aug 2005
      • 8597
      #2
      well you should be ok if you are using well known sponsors

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        • sfera
          Confirmed User
          • Aug 2005
          • 8597
          #3
          an llc is a good cheap option. probly the best option

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            • fxprophet
              Registered User
              • Apr 2004
              • 55
              #4
              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

              ICQ: 7443343

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                • romeoboi
                  Confirmed User
                  • Aug 2003
                  • 343
                  #5
                  www.thedelawarecompany.com

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                    • Sofa King
                      Confirmed User
                      • Feb 2006
                      • 132
                      #6
                      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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