Is it wise to use your SSN for all business endeavors?

Starting Out
9yFollow

Is it wise to use your SSN for all business endeavors?

Austin Mack
Atlanta, GA · Member since 2017 · 1 post · 0 votes
Hello there. I'm a fairly new investor and a question popped to my head due to the recent events with Equifax. Would it be wise to use your own SSN starting out? If that were to be comprised it could ruin you financially. And are there any other ways to combat this? Thanks for reading!
0Reply
14 views

2 Replies

Jump to latestLatest
  • Nick G.
    Investor · Moorpark, CA · Member since 2016 · 248 posts · 191 votes
    9y

    @Austin Mack I may not be understanding your question, but the only time you'll typically "use" your SSN will be when qualifying for a loan, which is... pretty darn important, for most investors.

    0Reply
  • Peter MckernanBusiness Member
    Residential Real Estate Agent · Irvine, CA · Member since 2013 · 2k+ posts · 1k+ votes
    9y

    @Austin Mack yes, I agree with @Nick G. qualifying for a home loan. You can move another way and actually start an LLC for an EIN number, but you should consult an attorney for more about that in your specific state.

    The McKernan Group4.957 Reviews
    WebsiteView Page
    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free