If you have a business and you have employees, then you need a Federal Employer Identification Number, or EIN. Basically, it is a number that the Internal Revenue Service uses to identify your business.
You’ve made it through the tough part. You were able to get beyond the planning stages and open the doors, either virtual or real, to your business. Your expectations are such that you don’t believe you’ll make a profit in your first year of business and although that may be true, that doesn’t mean that […]
It is entirely possible to put an idea together for a great new business, form a plan, and later open the doors (Real doors or virtual). As your business gets larger, government regulations get more complicated and some of these steps you may want to take sooner rather than later.