Open an LLC Business In USA Without a Social Security Number or ITIN
Many foreign entrepreneurs do not know that they can open a business in the USA without having a Social Security Number (SSN) or an ITIN Number. You can start an LLC business in the United States without having a SSN or ITIN, but you may need one of these tax id number for other business matters.
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One of the most common questions that we get here at FreedomTax Accounting is, Can I open up a business in the United States without a social security number or an ITIN number? Or they also ask us, Can I open up a corporation or an LLC in the United States without a social security number or an ITIN number? That’s what we are going to talk about in this video.
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Now, a lot of foreign entrepreneurs want to start a business in the US, and there is a lot of information on internet that say that in order to open up a business in the United States, you either have to have a social security number or an ITIN number, or a TAX ID number; this is incorrect. In order to open up a business in the USA, to open an LLC, a corporation in the USA, you do not have to have a social security number, and you do not have to have an ITIN number.
Now, you may need, if you are a foreigner and you don’t expect to get a social security number soon, you may need an ITIN number to open up a business bank account, because there are some banks that require that the business’s owner at least have an ITIN number, in order to open up a business bank account. And when tax time comes, when you have to file your business or corporate taxes, you as the owner of the LLC or as the owner of the corporation, you may need an ITIN number or a social security number, because there may be additional forms that we have to put into your corporate tax return, where we need to specify the owner of the business, and you have to have a TAX ID number then.
To open up the business, to open up the LLC, or to open up the corporation in the US, you do not need a social security number, and you do not need an ITIN number; you can even get an EIN number from the IRS without having a social security number, and without having an ITIN number.
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