Have a tax question? Ask a tax Expert
Use Form SS-4 to apply for an employer identification number (EIN).
An EIN is a 9-digit number (for example, 12-3456789) assigned to employers, sole proprietors, corporations, partnerships, estates, trusts, certain individuals, and other entities for tax filing and reporting purposes.
You may not use EIN assigned to the corporation which was dissolved.
If you created a new corporation - you need to apply for EIN specifically assigned to that new corporation.
Let me know if that helps.
LLC is NOT a corporation.
LLC is an unincorporated entity allowed by your state statute.
You may choose to register an LLC or a corporation.
If you run business - and want to have a separate entity for your business activities - you may register an LLC and choose it to be taxed as S-corporation.
S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes.
Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corporations to avoid double taxation on the corporate income.
If you are trading stocks - I do not think you need a corporation.
You perfectly may act as a physical person and will use your own SSN for tax purposes.
As long as you do not have employees - generally you do not need EIN.
I honestly do not see any reason of having a separate entity for that activity.
Unless you have something specific on your mind - that looks as extra overhead with no benefits.
I think that is misunderstanding.
If that is your self-employment activity - income and deductions are reported on schedule C
So - that has nothing to do with having a corporation.
I want to be sure that my answers are helpful and clear.
Be sure to come back if needed.