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Level 2
posted May 31, 2019 9:31:41 PM

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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1 Best answer
Intuit Alumni
May 31, 2019 9:31:43 PM

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.

1 Replies
Intuit Alumni
May 31, 2019 9:31:43 PM

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.