Become a Top Wedding Planner – Don't Lose Your Identity

 

Wedding Planner Keeping Her Social Security Number a Secret


When you first start your wedding planning business you might set yourself up as a sole proprietorship.  Are you thinking of using your personal social security number for your business?  You might want to reconsider.  There will be times when you will be asked to provide that number to others when you are applying for permits, a wholesale accounts, or business credit.  If you plan to do corporate events in addition to weddings, businesses will require that you provide your number (IRS form W-9) so they can pay you and properly report it to the IRS.

In order to protect your identity, you may want to consider getting an Employer Identification Number (EIN), also known as a federal tax ID.  It’s like a social security number for your business and is easy to obtain from the Internal Revenue Service website.

I can’t give legal or tax advise so what you really should do before you set up your business is speak to your attorney and accountant.  They can suggest the best structure for your business, whether that is a sole proprietorship, partnership, limited liability company, or corporation, and tell you what steps you need to take in your city and state to run a professional business.






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