Obtain Tax ID

What exactly is a personal service corporation in the eyes of the Internal Revenue Service? When you think about a personal service corporation, you need to be thinking about its main purpose. As a personal service corporation, the goal of the corporation to provide something to individuals or groups of individuals. What the corporation is going to […]

A social or savings club is something that is beginning to take hold much more in this day and age. In the spirit of sharing funds, it is all about having a group of people come together for a common financial savings goal. With a social or savings club, people join forces to save towards a similar […]

Running a hair salon can be very rewarding. You get to express your creative talents, help people feel beautiful, socialize with clients, and explore new ideas from the world of hair and beauty, but at the same time, you also have to manage business essentials, including obtaining tax identification numbers. In particular, your hair salon […]

Short for Employer Identification Number, an EIN is a special number that identifies your trucking business to the government as well as to banks and other entities. Wondering how to get an EIN for your trucking business? Here is what you need to know. To get an EIN for your trucking company, simply follow these […]

Running a nail salon can be an extremely lucrative, rewarding, and fun. In addition to taking care of your clients nails and helping them to look great, you also have to manage a lot of tax and banking related information for your business, and to handle many of those tasks, you need an Employer Identification […]

As an S-Corporation, there are indeed some unique aspects to your organization, but all of these have to do with tax reporting and filing. When you break down the actual organizational structure, expectations of the business, it is the same as any other type of corporation. Whether you are an S-Corporation or a C-Corporation or […]

Did you realize that, as a non-profit organization, you are very likely to still need to get an employer identification number Tax ID (EIN)? Even as a tax-exempt non-profit organization, the need will still exist. You will require an employer identification number to do a lot more than just file taxes on an annual basis. […]

There is often a lot of confusion around the requirements about a sole proprietorship when it comes to an employer identification number. As a sole proprietorship, do you need Tax ID (EIN) number? There will indeed be instances, rare instances, where a sole proprietorship will never need an employer identification number. In the vast majority […]

As a Partnership, you may be wondering if or when you need to obtain a Tax ID (EIN) number. As a Partnership, you could be in a situation where you are a company with just you and your partner or partners. You may not have any official employees. Does this mean that you do not […]

The creation of a trust is usually done for a strategic reason. A trust is a whole new entity, a way to segregate out income and assets from another individual or entity. When you create a trust, you are also opening up the requirement to have your own and unique trust Tax ID (EIN) number. […]