Applying for a tax ID number, or employer identification number is required by law to transact currency under your business name or entity. It is also needed to open up a bank account in the name of the business that you are operating.
Here at Solid Ground Consultants, we give you a peace of mind guarantee, that this will be done correctly and accurately. Making your journey of launching your business and generating income legally a smooth transition.
We can also appoint you an accountant that can assist you annually so that you are filing your tax returns correctly, and meeting all government guidelines.
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An EIN/TIN is a 9-digit number, similar to your social security number. This is the number that the IRS will use to identify certain entities for tax purposes. It is a form of government / federal tax ID with a numeric format EX: 01-2345678.
The purpose of an EIN/ Tax ID Number:
Federal Tax IDs are required for many different organizations including:
Most often, you need a federal tax ID if you plan to: