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Business & farm
Thanks, Vanessa! I was told in my bank that to open a business bank account (to keep business finances separate from personal ones) an EIN is needed.
Also, I would prefer to use an EIN than my SSN for transactions. However, I would prefer to be taxed together with my personal taxes (not as a corporation) especially the first year.
Is this possible? Or if I get an EIN for my SMLLC I will need to be taxed separate from my personal taxes?
Thanks in advance!
‎April 16, 2024
4:25 PM