Do I need an EIN for a fictitious name?

That’s because an EIN is used for tax purposes, and your business is the entity that pays taxes. Your DBAs are just your business nicknames, and therefore, you won’t have a separate EIN for a DBA. Not all businesses need an EIN.

Does EIN name have to match business name?

When you file a tax return, the EIN doesn’t have to exactly match the full legal name of the entity. The EIN only has to match the “name control” for the company. The name control assigned to a company is normally the first four characters of the name.

When to file a fictitious business name ( DBA )?

DBA’s are also commonly referred to as fictitious business names, assumed business names and trade names. All these terms mean the same thing. DBA’s need to be filed so business owners can use the name in contracts, open bank accounts, write and cash checks in that business name.

How to spell Ein for a business name?

If your legal name contains: Then: A symbol or character, such as a “plus” symbol (+), “at” symbol (@), or a period (.) 1) Spell out the symbol or 2) drop the symbol and leave a space. Example: If the legal name of your business is Jones.Com, then input it as Jones Dot Com or Jones Com: Backward (\) or forward (/) slash: Substitute a hyphen (-)

What can you do with an EIN number?

This EIN is your permanent number and can be used immediately for most of your business needs, including: 1 Opening a bank account 2 Applying for business licenses 3 Filing a tax return by mail

What does a fictitious business name ( FBN ) mean?

A Fictitious Business Name (FBN) Statement is a public record intended to make available to the public the identities of persons doing business under the FBN. Banks often insist on a copy of the FBN Statement before opening a commercial account to satisfy them that Joyce Smith has a right to deposit checks written to “Smith and Company Catering.”