If you’re going to be selling products to customers in a state with sales tax, you’re going to need a sales tax ID. Monthly or quarterly (depending on your state, and the volume of your transactions), you’ll need to report how much tax you collected, and pay that amount of tax into the state. Some […]

Deciding the business entity for your company is a decision that requires a good grasp of legal entities in the U.S. as well as an understanding of your company’s goals, operations, capabilities, and structure. In this article, we will address the question “Is an LLC a corporation?” from business planning, tax, and management perspectives. What […]

If you need an Employer Identification Number for your business, you’re probably wondering, how much is an EIN number. An EIN is free, but the process of obtaining an EIN generally costs some money. To help you plan ahead, this guide looks at the costs and steps involved in getting an EIN. Whether you’re opening […]

Wondering how long it takes to get an EIN number? Well, it depends on how you apply. The timing for the EIN application process varies based on if you apply online, using fax, or through the mail. Applying for an EIN can be stressful, particularly if you need the number quickly but you aren’t sure […]

Yes, a trust always needs “a tax ID number.” But sometimes its tax ID number is the grantor’s SSN and sometimes its tax ID number is a unique employer identification number (EIN). Revocable trusts fall under the grantor’s SSN: they are trusts that the grantor would be able to dissolve at any time, and is therefore under their financial […]

You need your employer identification number (EIN) for all kinds of critical business functions, and if you can’t find this number, it can be scary and frustrating. To help you out, this guide provides tips on how to find EIN number when it is lost. If you’re wondering how to find my EIN number, this […]

There are many different reasons that you may need to cancel your EIN. Perhaps, you’re closing your business or changing the structure of your business from a sole proprietorship to a corporation or a partnership. Maybe, you applied for an EIN and then realized you don’t actually need it. Regardless of why you want to […]


8 Feb 2023

For tax purposes, you need a tax identification number, but there are many different types of tax IDs issued by the IRS. To help you understand what type of number you need, this guide looks at the differences between a taxpayer identification number (TIN) and an employer identification number (EIN). It also looks at the […]

A conservatorship happens when a guardian is set to manage the affairs of an individual. The person under guardianship is also known as the “ward” of the individual, and could be someone with a medical handicap or age-related issue. A conservatorship doesn’t always need an EIN, because a conservator can act under their own SSN. […]

Homeowners and/or condo association is a type of organization where you have a group of individuals coming together for the betterment of a property or a series of properties. When you own a condo, you have your own living space that you own yourself. The condo building, though, and the maintenance that goes along with […]