Are you a non-U.S. citizen?
Do you not have a Social Security Number (SSN)?
When it comes to obtaining an Employer Identification Number (EIN) without a U.S. Social Security Number (SSN), you may found yourself overwhelmed and misinformed.
You assume that it can’t be done or that it will cost you a lot of money, so you put it off and delay your dream of starting your own business.
The good news is that most of the things that you think are true about getting an EIN without SSN are just myths…
Myth #1: You need an SSN to get an EIN
Some people stop before they even get started because they have been told that they can’t get an EIN unless they have a social security number (SSN).
The good news is that you don’t need a social security number to get an EIN.
It does make the process much simpler and faster, but if you weren’t born in the United States, you don’t have an SSN. There are ways to work around this so you can obtain an EIN and start your own business.
Myth #2: If you don’t have an SSN, you have to have an ITIN
This one is quite popular. Once you realize you don’t have to have a social security number, someone tells you that you will need an ITIN instead.
Obtaining an ITIN just means more paperwork, more wait time, and more confusion before you can even get to apply for your EIN. I want you to know that you can get an EIN without an SSN and without an ITIN. I help clients do just that on a daily basis.
Myth #3: The process of obtaining an EIN takes 6 weeks or more
6 weeks?! Who has that time to wait with their dreams on hold? This myth is a little different than the others. It’s partly true.
If you don’t have an experienced business lawyer that knows the process and how to obtain an EIN without an SSN, it can take 6 weeks. When you hire a business lawyer to act as your Third Party Designee to apply for your EIN that changes drastically. I’m able to get EINs for my clients in just 5 to 7 business days.
Myth #4: You can open a bank account in United States without an EIN
This myth could cause you a lot of frustration. You can’t open a bank account for your business unless you have an EIN. This is true for anyone, regardless of their nationality or location.
In order to do business properly, you’ll need a bank account for the business. Get your EIN so you can make that happen.
Myth #5: Obtaining an EIN without an SSN or ITIN is very expensive
This myth is my favorite. It’s one of the reasons I do what I do. I believe that people should be able to get their EIN to jumpstart their business without having to spend all of their money.
It can be an expensive process if you use the wrong service. I make it quite simple and very affordable to obtain an EIN so nothing else will stand in your way of starting your business.
How to Get an EIN without SSN
Now that you know the truth about obtaining an EIN without a social security number, I hope that you will see that starting your own business with an EIN is something that you can do.