Question
So I'm wanting to start my llc and when I went to apply for an EIN the irs site is asking me for my personal SSN, which I understand but I was also informed there's other ways to avoid using your personal ssn instead. So I'd like to know if I do need to tie my personal ssn to the new EIN I'm requesting or if I can apply for a ITIN to get the EIN. The reason why I'm reserved is because I'm not sure whether the business will succeed or not. I don't wish to tie up my personal SSN to anything really unless I don't have a choice. Any advice is deeply and greatly appreciated.
Answer
You would not “tie up” your SSN. The purpose is so that the Government can track your income. You must if you are the managing member of the LLC or officer attach your SSN when applying for an EIN. I would also caution you that you provide accurate information.
