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mbuebel
New Member

Physician paid to consult/lecture last few years. Now about to see patients in an office she is renting, no employees. Is she a sole proprietor? Need EIN? Thanks!

 
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Coleen3
Intuit Alumni

Physician paid to consult/lecture last few years. Now about to see patients in an office she is renting, no employees. Is she a sole proprietor? Need EIN? Thanks!

Yes, unless she elects to have a corporation. You don't need to have an EIN, unless you meet certain criteria.

If you’re a sole proprietor, you must have an EIN to:

Also, some banks require you to have an EIN before they’ll set up a bank account for your business.

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Coleen3
Intuit Alumni

Physician paid to consult/lecture last few years. Now about to see patients in an office she is renting, no employees. Is she a sole proprietor? Need EIN? Thanks!

Yes, unless she elects to have a corporation. You don't need to have an EIN, unless you meet certain criteria.

If you’re a sole proprietor, you must have an EIN to:

Also, some banks require you to have an EIN before they’ll set up a bank account for your business.

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