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Sole Proprietor EIN on W-9??

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phpinfo

Junior Member
I will be getting a check for a stock buyout in a small private company. They want me to give them a W-9 to make sure I am not subject to back withholding, and have hold out 28%.

I don't want to give them my SSN (for various reason). - The stock was bought/issued in my name. Can I register an Assumed Business Name as a sole proprietorship and get an EIN for it, then put My Name DBA "New Sole Proprietorship" and use that EIN on the W-9?

Would the EIN be tied to my SSN where I could still show that I am not subject to back withholding, without having to give my SSN?
 


davew128

Senior Member
I don't want to give them my SSN (for various reason). - The stock was bought/issued in my name. Can I register an Assumed Business Name as a sole proprietorship and get an EIN for it, then put My Name DBA "New Sole Proprietorship" and use that EIN on the W-9?
Did your"business" own the stock?:rolleyes:

Would the EIN be tied to my SSN where I could still show that I am not subject to back withholding, without having to give my SSN?
Did your SSN not appear anywhere on the business's records as a stockholder?
 

LdiJ

Senior Member
I will be getting a check for a stock buyout in a small private company. They want me to give them a W-9 to make sure I am not subject to back withholding, and have hold out 28%.

I don't want to give them my SSN (for various reason). - The stock was bought/issued in my name. Can I register an Assumed Business Name as a sole proprietorship and get an EIN for it, then put My Name DBA "New Sole Proprietorship" and use that EIN on the W-9?

Would the EIN be tied to my SSN where I could still show that I am not subject to back withholding, without having to give my SSN?
That would be totally improper. You are going to need to give them your SSN or be subject to back withholding.
 

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