If you are running a corporation, one of the big questions you will often have is whether you will need an Employer Identification Number or EIN. A Tax ID (EIN) number is going to be a requirement if you intend to be in good standing with the Internal Revenue Service. You want to think of […]
Does a Corporation Need a Tax ID (EIN) Number?
23
Nov
2019
If you are running a corporation, one of the big questions you will often have is whether you will need an Employer Identification Number or EIN. A Tax ID (EIN) number is going to be a requirement if you intend to be in good standing with the Internal Revenue Service. You want to think of […]
What is a Corporation?
22
Nov
2019
The definition of a Corporation (C-Corporation) is an entity type recognized by the federal government and the IRS as a standalone entity that is taxed separately from its owners. In other words, the owners file their individual tax returns separately from the tax returns of the corporation. Corporations are ideal for businesses that will eventually […]
The definition of a Corporation (C-Corporation) is an entity type recognized by the federal government and the IRS as a standalone entity that is taxed separately from its owners. In other words, the owners file their individual tax returns separately from the tax returns of the corporation. Corporations are ideal for businesses that will eventually […]
What is a Plan Administrator?
21
Nov
2019
The Internal Revenue Service has a variety of definitions for topics related to retirement accounts for employees. These can include things such as a 401(k) plan, a defined benefit plan, as well as other types. For all of these, you are going to have what is known as a “plan administrator”. What exactly is a […]
The Internal Revenue Service has a variety of definitions for topics related to retirement accounts for employees. These can include things such as a 401(k) plan, a defined benefit plan, as well as other types. For all of these, you are going to have what is known as a “plan administrator”. What exactly is a […]
What is a Homeowners / Condo Association (HOA)?
19
Nov
2019
What is a homeowner or condo association to the Internal Revenue Service? A homeowner or condo association is a type of membership organization that you form as a real estate developer. The idea is to create an organization so that you can have common areas to protect certain pieces of property. You may have condos […]
What is a homeowner or condo association to the Internal Revenue Service? A homeowner or condo association is a type of membership organization that you form as a real estate developer. The idea is to create an organization so that you can have common areas to protect certain pieces of property. You may have condos […]
How to Obtain a Tax ID / EIN Number in Alabama
18
Nov
2019
Does your Alabama business need a tax ID? How can you tell for sure? Setting up and running a business properly can be confusing, no matter what type of business you have. Sole proprietorships and partnerships tend to be more simple than limited liability companies (LLCs) and corporations but they all require at least some […]
Does your Alabama business need a tax ID? How can you tell for sure? Setting up and running a business properly can be confusing, no matter what type of business you have. Sole proprietorships and partnerships tend to be more simple than limited liability companies (LLCs) and corporations but they all require at least some […]
IRA stands for Individual Retirement Account or Individual Retirement Arrangement. This is different from traditional 401(k) accounts, as IRAs are more unique. As an individual, you want to have a firm grasp over the various definitions of these types of retirement accounts. An Individual Retirement Account or IRA is an individual account or annuity that […]
IRA stands for Individual Retirement Account or Individual Retirement Arrangement. This is different from traditional 401(k) accounts, as IRAs are more unique. As an individual, you want to have a firm grasp over the various definitions of these types of retirement accounts. An Individual Retirement Account or IRA is an individual account or annuity that […]
How to Open a Bank Account for an LLC
14
Nov
2019
As a limited liability company, you need to do certain things to function as a working organization. One of these things or requirements will be the need to have your bank account. Having a bank account in the name of the LLC is important as it allows you to operate effectively, and in a way […]
As a limited liability company, you need to do certain things to function as a working organization. One of these things or requirements will be the need to have your bank account. Having a bank account in the name of the LLC is important as it allows you to operate effectively, and in a way […]
What is a Farmers’ Cooperative?
14
Nov
2019
A farmer’s cooperative is something that is recognized by the Internal Revenue Service quite commonly and is also known as a farmers’ co-op or an agricultural cooperative. The idea here is that a group of farmers will come together, pool all of their resources into a certain area or activity. They will then work for […]
A farmer’s cooperative is something that is recognized by the Internal Revenue Service quite commonly and is also known as a farmers’ co-op or an agricultural cooperative. The idea here is that a group of farmers will come together, pool all of their resources into a certain area or activity. They will then work for […]
How to Obtain a Tax ID / EIN Number in Oregon
11
Nov
2019
Do you know if your business needs to have a tax ID number? In Oregon, it’s possible to start one of many different business entities, like a corporation, a limited liability company (LLC), a partnership, a nonprofit organization, or even a sole proprietorship. But no matter what type of business you start, you’ll probably need […]
Do you know if your business needs to have a tax ID number? In Oregon, it’s possible to start one of many different business entities, like a corporation, a limited liability company (LLC), a partnership, a nonprofit organization, or even a sole proprietorship. But no matter what type of business you start, you’ll probably need […]
Are you interested in getting your federal tax ID number (EIN)? Your Colorado business, whether it’s a partnership, sole proprietorship, LLC, corporation, nonprofit, or other organization, will likely need to have an official IRS tax identification number for legal and financial purposes. Fortunately, the online EIN application process is fairly simple. This guide will walk […]
Are you interested in getting your federal tax ID number (EIN)? Your Colorado business, whether it’s a partnership, sole proprietorship, LLC, corporation, nonprofit, or other organization, will likely need to have an official IRS tax identification number for legal and financial purposes. Fortunately, the online EIN application process is fairly simple. This guide will walk […]