Launching a business is an exciting time in any entrepreneur’s life. If you’re considering registering your company as an LLC, you probably have many questions regarding how to do it, such as whether you should obtain an EIN before or after you register. The short answer is to wait. Here, we’ll explain a little more […]

Launching a business is an exciting time in any entrepreneur’s life. If you’re considering registering your company as an LLC, you probably have many questions regarding how to do it, such as whether you should obtain an EIN before or after you register. The short answer is to wait. Here, we’ll explain a little more […]

The S-corp business structure provides your business with several advantages compared to a partnership or a sole proprietorship. Namely, this business structure allows you to reduce your self-employment tax, and because that tax is over 15%, electing to be taxed as an S-corp can potentially save you a lot of money.  At the same time, […]

The S-corp business structure provides your business with several advantages compared to a partnership or a sole proprietorship. Namely, this business structure allows you to reduce your self-employment tax, and because that tax is over 15%, electing to be taxed as an S-corp can potentially save you a lot of money.  At the same time, […]

In spite of the name, Employer Identification Numbers (EIN) are not just for employers. All kinds of entities use an EIN as their tax identification number. In particular, if you’re setting up a trust, you need this number. To help you out, this guide provides a brief overview of trusts, looks at why they need […]

In spite of the name, Employer Identification Numbers (EIN) are not just for employers. All kinds of entities use an EIN as their tax identification number. In particular, if you’re setting up a trust, you need this number. To help you out, this guide provides a brief overview of trusts, looks at why they need […]

Churches are tax-exempt, and if they qualify for 50(c)(3) status, they don’t have to file an annual income tax return as many non-profits do. If you run a church, you don’t have to worry about paying income tax or filing a tax return for the church. But you still need a tax ID. To help […]

Churches are tax-exempt, and if they qualify for 50(c)(3) status, they don’t have to file an annual income tax return as many non-profits do. If you run a church, you don’t have to worry about paying income tax or filing a tax return for the church. But you still need a tax ID. To help […]

If you are forming a corporation, you will need to obtain a tax ID (EIN) number. This is a nine-digit number that is used to identify your business for tax purposes. You can apply for an EIN online, by fax, or by mail. But applying online is usually the best method. In Brief: How You […]

If you are forming a corporation, you will need to obtain a tax ID (EIN) number. This is a nine-digit number that is used to identify your business for tax purposes. You can apply for an EIN online, by fax, or by mail. But applying online is usually the best method. In Brief: How You […]

When someone dies, their assets become the property of their estate. Then, the estate goes through a legal process called probate. Probate pays off creditors and distributes the estate’s remaining assets to heirs as dictated by the deceased person’s will or by state law. To complete this process, you may need a tax ID number […]

When someone dies, their assets become the property of their estate. Then, the estate goes through a legal process called probate. Probate pays off creditors and distributes the estate’s remaining assets to heirs as dictated by the deceased person’s will or by state law. To complete this process, you may need a tax ID number […]

There are a few different ways that you can apply for an EIN, or Employer Identification Number, for your sole proprietorship. The most common method is to apply online. You can also apply by fax or mail, but applying online is the quickest and most efficient way to get your EIN. Does a Sole Proprietorship […]

There are a few different ways that you can apply for an EIN, or Employer Identification Number, for your sole proprietorship. The most common method is to apply online. You can also apply by fax or mail, but applying online is the quickest and most efficient way to get your EIN. Does a Sole Proprietorship […]

What Is A Taxpayer Identification Number (TIN) & How To Obtain One Every taxpayer files different forms during tax season and they use something called a TIN number to do this. This article will answer the question “What is a TIN number?” and explain its uses. You will also learn about the types of TIN […]

What Is A Taxpayer Identification Number (TIN) & How To Obtain One Every taxpayer files different forms during tax season and they use something called a TIN number to do this. This article will answer the question “What is a TIN number?” and explain its uses. You will also learn about the types of TIN […]

As the name suggests, an LLC is a limited liability company. This type of business structure provides its owners with personal liability protection from the debts and obligations of the business. In order to establish an LLC, you must file articles of organization with your state’s business filing office. One of the key components of […]

As the name suggests, an LLC is a limited liability company. This type of business structure provides its owners with personal liability protection from the debts and obligations of the business. In order to establish an LLC, you must file articles of organization with your state’s business filing office. One of the key components of […]

What Is a Limited Liability Company (LLC)? What is an LLC? A Limited Liability Company, or LLC for short, makes the best option for small business owners or new business owners. An LLC is known to be very accommodating as it gives business owners flexibility in taxation options and does not limit the number of […]

What Is a Limited Liability Company (LLC)? What is an LLC? A Limited Liability Company, or LLC for short, makes the best option for small business owners or new business owners. An LLC is known to be very accommodating as it gives business owners flexibility in taxation options and does not limit the number of […]