any indepedent contractors here? w9 and 1099 tax help

08rookie · 04-15-2010, 12:37 PM

might take a second job...courier company wants hires independent contractors...they gave me a w9 form to fill out...

considering the amount of work and length of employment is not gaurenteed , should i bother calling up the IRS to get an EIN number? i know for tax purposes an EIN and social are the same thing, im just basically reluctant to give out my social...is that a valid concern lo when applyin for a jobl?!

im wondering if by applying for an EIN number im considered a sole proprietorship...and as a sole proprietorship my personal assets (not much) are not protected?? even though i would be an indy contractor through the courier business, and the courier business is fully licensed and insured up to 1million, should i be worried about my personal belongings?!?! am i thinking too much haha...

any help would be great...thank you

UncleWede · 04-15-2010, 12:57 PM

If you're worried, get an LLC/EIN LLC basically protects your personal assets from your business screw-ups.

04-15-2010, 12:37 PM	#1
08rookie Private First Class 189 Rep 123 Posts Drives: bmw Join Date: Jul 2009 Location: phila, pa iTrader: (0)	any indepedent contractors here? w9 and 1099 tax help might take a second job...courier company wants hires independent contractors...they gave me a w9 form to fill out... considering the amount of work and length of employment is not gaurenteed , should i bother calling up the IRS to get an EIN number? i know for tax purposes an EIN and social are the same thing, im just basically reluctant to give out my social...is that a valid concern lo when applyin for a jobl?! im wondering if by applying for an EIN number im considered a sole proprietorship...and as a sole proprietorship my personal assets (not much) are not protected?? even though i would be an indy contractor through the courier business, and the courier business is fully licensed and insured up to 1million, should i be worried about my personal belongings?!?! am i thinking too much haha... any help would be great...thank you
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04-15-2010, 12:57 PM	#2
UncleWede Long Time Admirer, First Time Owner 18324 Rep 9,410 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	If you're worried, get an LLC/EIN LLC basically protects your personal assets from your business screw-ups.
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