EINs

//Tag: EINs

How to Legally Start a Food Truck Business

You’ve likely seen them on busy city streets or at the town fair. They’re also popular sitting outside breweries and concert venues. Schools often hire them for fundraising events. We’re talking food trucks, of course.

According to Food Truck Nation, food trucks brought in an estimated $2.7 billion in revenue in 2017, and this industry is not done growing. The road to success with a food truck business is one paved with growth and opportunity, as long as you know (and follow) the rules of the road.

Whether you’re adding […]

2019-09-03T05:40:46-07:00August 15th, 2018|Categories: Startup and Launch|Tags: , |

How to Apply for an EIN Number

One of the essential steps new business owners must take when launching their companies is to apply for an EIN Number. An Employee Identification Number (also known as a “Federal Tax ID Number” or “Tax ID Number”) is a nine-digit number assigned to a business for filing taxes, submitting reports to the state, applying for business licenses and permits, and completing other documentation. Similar to how a social security number serves as identification for an individual, an EIN serves to identify a business. The IRS issues EINs at no charge.

EIN Number […]

2019-09-03T05:40:54-07:00May 24th, 2018|Categories: Startup and Launch|Tags: , , |

The CPA’s Guide to Assisting Clients with Business Compliance Issues

As a CPA, you probably sometimes find that clients inquire about more than just their business’s taxes and finances. With the strong connection between their money and all aspects of their companies, they may toss you questions about a variety of business compliance issues that aren’t in your normal area of focus.

You need to exercise caution in responding because your insight shouldn’t take the place of proper legal counsel or human resources guidance. But having a working knowledge of diverse compliance topics can help you aid your client’s understanding of certain issues […]

2019-09-03T05:41:36-07:00December 29th, 2017|Categories: Ongoing Management and Protection|Tags: , , , , , |

Do I Need Articles of Organization For a Michigan LLC?

If you’re considering forming a limited liability company (LLC) in Michigan, you’re probably wondering what paperwork the state requires. For example, do you need Articles of Organization for a Michigan LLC? That’s one of the common questions we field here at CorpNet—for Michigan and the other 49 states in the U.S.

Articles of Organization – Michigan: Does Your LLC Need Them?

The answer is yes. In the state of Michigan, an LLC must file an Articles of Organization form with the Corporations, Securities & Commercial Licensing Bureau of the Michigan Department of Licensing and […]

2019-09-03T05:41:41-07:00November 13th, 2017|Categories: Startup and Launch|Tags: , , |

Get the Lowdown on Wyoming LLC Fees

Thinking of starting a business in Wyoming? Or maybe you already have one there, but want to change your business structure to an LLC. Either way, you need the scoop on how to form an LLC in Wyoming, as well as what it’ll cost you.

Why Form an LLC in Wyoming

The LLC — or Limited Liability Company — is a smart choice for your business structure. It protects your personal finances, home, vehicles, and other assets from being […]

2019-09-03T19:07:40-07:00November 10th, 2017|Categories: Startup and Launch|Tags: , , |

Expert Advice for Registering a Business in Oregon

Have you been thinking about making your dream of starting your own business in the beautiful Pacific Northwest a reality but not sure how to begin?  This post will help guide you through the process of registering a business in Oregon – one of the most scenic and culturally diverse states in the region.

Registering a Business in Oregon – What You Need to Know

Before we begin, realize the information going forward assumes that you have already decided that operating your business as a sole proprietorship or general partnership (if you will have multiple […]

2019-09-03T05:41:43-07:00October 26th, 2017|Categories: Startup and Launch|Tags: , , , |

Is a Multi-Member LLC Right For You?

The multi-member LLC is a Limited Liability Company with more than one owner. It is a separate legal entity from its owners, but not a separate tax entity. A business with multiple owners operates as a general partnership, by default, unless registered with the state as an LLC or corporation.

Would it make sense for you to form your business as a multiple member LLC?

To arrive at that answer, you need to consider how choosing that business entity type will impact you legally, administratively, operationally, and from a tax perspective. I encourage you […]

2019-09-03T05:41:45-07:00September 27th, 2017|Categories: Ongoing Management and Protection|Tags: , , , |

The Fail Proof Process for Incorporating in California

Have you considered incorporating in California but you’re just not sure where to begin? As a California business owner, I’m excited to help guide other entrepreneurs get their companies up and running in this fine state.

In this post, I’m going to walk you through the process of forming a corporation in California. But first, let’s take a look at the various kinds of corporations the state recognizes.

Types of Corporations in California

  • General For-Profit Corporation (General Stock Corporation) – A General For-Profit Corporation is a legal entity, separate from the shareholders who own its […]
2019-09-03T05:41:47-07:00September 6th, 2017|Categories: Startup and Launch|Tags: , , , , |

Employer Identification Number: What is an EIN and How do I Get One?

At CorpNet, we field a lot of questions centered on what aspiring entrepreneurs need to do from an IRS-standpoint to start a business. Almost daily, I see inquiries arrive about obtaining an EIN (Employer Identification Number). I’m glad people ask about that because it is indeed an important item to check off a startup’s to-do list.

What Is An Employer Identification Number?

You may see EINs also referred to as “Federal ID number,” “Tax ID Number,” or Federal Tax ID Number.” It is a nine-digit number used for tax filing and reporting and […]

2019-09-03T05:41:51-07:00July 12th, 2017|Categories: Startup and Launch|Tags: , , , , |