LLC, EIN, IDK?

-Did a company pay you more than $600 this year. Congrats! Also, you may be hearing that you need to send a W9. It looks scary and it looks overwhelming, I promise you it's not. Download a blank copy from the IRS and just fill in the necessary info. It's only about 6 boxes overall plus a date and signature. Plus did you know that you don't have to redate and resign it for future clients? Just keep it on file (unless any if your info changes) and send when needed!

-Should you get an EIN? If you're sending out a lot of W9s then that means two things. You're probably getting a lot of work and you're also sending a lot of people your SS number. This isn't an early career thing but at some point you may want to look into the pros and cons of incorporating your business. As a sole proprietor LLC you have pass-through taxes which is nice but you also can get an EIN to give out on your W9 instead of your SS number and even set up a dedicated business bank account. All good stuff to consider down the line!