Tax Id Number Information
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All businesses need The TAX IDS AND Licenses Below
Including businesses run by professionals, contractors, online web sites, selling on eBay, home businesses, sole owners, partnerships, corporations, or any other business.
Why You May Need One or More of The Following:
All businesses are required to obtain a Business License - (note: A corporation, LLC or DBA filing is NOT a business license filing). This is a separate business tax registration type and most businesses must register and have a business license before starting business. back to top
Businesses using a name other than the owner's name are required to register a DBA / Fictitious Business Name Certificate. Note that you can incorporate or form an LLC instead of filing a DBA. If you are an LLC or Corporation you don't need a dba. back to top
Businesses that are employers are required to obtain a State Tax Id (EIN) and a Federal Tax Id (FEIN) NOTE: Sole owners can use a federal tax id to build business credit. back to top
Wholesalers, retailers of taxable goods / services require a Wholesale License / Seller's Permit / Resale License. back to top
Corporations or LLCs, employers, and, in some states, those businesses that are also getting a Seller's Permit are required to obtain a Federal Tax Id (FEIN) and a Business License. You can use a federal tax id number as your business id number. Otherwise, you will need to use your social security number over the phone or the internet all the time for orders or other business identification reasons. And your don't want your social security out there if you want to protect your identity. back to top
A Corporation or LLC filing will eliminate personal legal and financial liability, save taxes, and protect your personal assets. Click Here to File Your Corporation Or LLC. back to top
Partnerships and LLCs should have an Operating Agreement
If you use a business name that another business is already using, you may be sued for damages as well as for a judgment to be enjoined from using the business name.