W9: Should I use my LLC info or use my personal info toget paid?

W9: Should I use my LLC info or use my personal info toget paid?

Real Estate Agent · Tampa, FL · Member since 2019 · 38 posts · 8 votes

I am seeking information regarding the advantages and disadvantages of using a LLC's EIN vs a Personal SSN on a W-9.

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  • Seattle, WA · Member since 2015 · 4 posts · 0 votes
    7y

    Use your LLC/ business to get paid and pay yourself from the business account to build your Business Bank Rating.

  • Member since 2018 · 6 posts · 4 votes
    7y

    I agree with Corwin. 

    From a bookkeeper's point of view using an EIN helps create a clear line between business and personal. You definitely want to pay yourself through your business. And one of the benefits of an LLC is the protection given to personal assests.

    A few other positive things:

    If you have a home office it creates authenticity with the IRS and can diminish potential push-back you could get by claiming the deduction.

    Using an EIN helps prevent identity theft - stealing an EIN happens, but isn't as common. 

    It adds credibility to your business and I think that will help build trust with vendors.  

  • Seattle, WA · Member since 2015 · 4 posts · 0 votes
    7y

    "Using an EIN helps prevent identity theft - stealing an EIN happens, but isn't as common.

    It adds credibility to your business and I think that will help build trust with vendors".Great Point

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