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Get an EIN Once You Establish Your Small Business

If you are small business owner and using your Social Security Number on the W9 form, please stop. You don’t want your personal SSN floating around.

You need an EIN number—here’s how and why!

An EIN is an employee identification number. Use an EIN to:

  • Open a business bank account
  • Establish business credit
  • Fill out your W9, which then gets associated with your 1099.
  • If you don’t have time to get an EIN because you’re booked and busy, know they’re issued as soon as you complete your application online which should take less than five minutes.

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About the Host

Rianka R. Dorsainvil

Rianka R. Dorsainvil, CFP®️ is the Co-Founder and Co-CEO of 2050 Wealth Partners a virtual, fee-only comprehensive financial planning firm dedicated to serving first-generation wealth-builders, entrepreneurs, and thriving professionals. Rianka also hosts 2050 TrailBlazers, a podcast aimed to address the lack of diversity in the financial planning profession by engaging industry experts and leaders in conversation.

As an award winning successful, millennial Certified Financial Planner professional, Rianka offers a unique perspective not only on the current state of the financial service industry, but on how to stay relevant in an ever-changing world.

Rianka serves as a member of CNBC’s Digital Financial Advisor Council and CFP Board’s Diversity Advisory Group, is a Forbes Personal Finance Contributor, and has been recognized for her accomplishments and leadership within the industry by leading publications and organizations such as Investment News’ inaugural 2017 Women to Watch Rising Star and Wealth Management’s Ten to Watch in 2018. She has been published in PBS NewsHour, Forbes, USA Today, Black Enterprise, CNBC, Women’s Health, and more.