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Old 01-16-2013, 04:31 PM
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ToddH ToddH is online now
LawnSite Senior Member
 
Join Date: Aug 2012
Location: Grand Prairie, Texas
Posts: 987
I think the new rules now is not to get an EIN and to use the SSN unless you have employees.

LLC is great for solo and it is not a way to hide debt and skip out. It is a way to protect personal assets from business law suits. You often are required by lenders to personally guarantee loans.

If you mix business accounts with personal accounts as a matter of routine then a lawyer will break through the LLC shied.
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