Legal Question in Business Law in Texas
Are ein via Credit Cards Legal or Illegal?
I have a typing business - Typing Etc. - and I was told that I can save money on buying items for my business if I have a Credit Card via my EIN, rather than my Social Security Number. But then I was also told that it is illegal to obtain a Credit Card using your EIN instead of your Social Security Number.
Any information you have would be appreciated. Thank you for your time.
Sincerely yours,
--name removed--Stowell
1 Answer from Attorneys
Re: Are ein via Credit Cards Legal or Illegal?
Having an EIN on your credit card won't save you money on the purchase of business supplies.
If you are a sole proprietorship, then hiding behind the EIN is improper. If your business is a corporation or LLC, then the EIN is the only taxpayer identification.
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