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BIMMERPOST Universal Forums Off-Topic Discussions Board any indepedent contractors here? w9 and 1099 tax help

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      04-15-2010, 01:37 PM   #1
08rookie
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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, 01:57 PM   #2
UncleWede
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If you're worried, get an LLC/EIN LLC basically protects your personal assets from your business screw-ups.
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