Thinking of hiring your teenager in your sole proprietorship? #accounting

Thinking of hiring your teenager in your sole proprietorship? 🤔 Here's what you need to know about EIN numbers:

📌 EIN for sole proprietors? Not mandatory; your social security number often suffices.
🚀 When to consider an EIN: If you're bringing on employees or if clients are paying your business directly.
🆓 Cost of EIN: It's free and easy to obtain.
🛡️ Why get one? Protect your personal information and be prepared for business growth.

Stay proactive and set your business up for success! ✅

#Smallbusinessowner #taxseason #entreprenuer #sidehustle #startup #budgeting #personalfinance #taxplanning #taxstrategy #taxtok #tax #taxes #taxdeductions