I want to start a home base business from my home, but i'm not sure if i need to have more than just a tax id number to start. I just need some extra income.
2007-06-18 08:50:31 · 8 answers · asked by lachina74 2 in Business & Finance ➔ Small Business
For most purposes, your Tax ID will be your Social Security Number. You will need different permits, depending upon where you live. It also depends upon what type of business you will be doing. Some at-home businesses need no permits, such as doing things on the computer or some types of business where you go to the client.
Always check first. Also, check things with the IRS.
2007-06-18 08:57:54 · answer #1 · answered by Nothingusefullearnedinschool 7 · 0⤊ 0⤋
It depends what you are doing. If you are going to be a sole proprieter or DBA (doing business as) you don't need a tax ID number. You and your business are one and the same for financial puposes. You use your own Social Security number and all income, losses, expenses go on your personal tax return.
You will probably need a business licence. You get one at your town hall for about $25. You will have to show your driver's licence and have the business phone number set up.
2007-06-18 08:59:57 · answer #2 · answered by Betthany 27 2 · 0⤊ 0⤋
You need the tax id number and I would also name your company so there isn't confusion between your personal taxes and your business taxes. You'll only need a Doing Business As (DBA) form for a sole proprietorship.
2007-06-18 08:58:55 · answer #3 · answered by Sondra 2 · 0⤊ 0⤋
Yes, an immigrant can obtain a social security number, but only if you have one of the following: * Permanent Resident Card (I-551) * Arrival-Departure Record (I-94) and an unexpired foreign passport * Work permit card from the Department of Homeland Security (I-766 or I-688B) * Or, after becoming a citizen of the United States, a U.S. passport, Certificate of Naturalization, or Certificate of Citizenship
2016-05-18 23:07:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
check out the irs at http://www.irs.gov/businesses/small/article/0,,id=98350,00.html for employer identification number. some banks may require this number for a business checking account.
2007-06-18 17:35:47 · answer #5 · answered by hi91977 3 · 0⤊ 0⤋
We just started a Small Business. I had to contact our Secretary of States office and get information on what we had to do. Contact your Secretary of States office. :)
2007-06-18 09:15:38 · answer #6 · answered by Krissy 3 · 0⤊ 0⤋
you can apply for a tax id number @ www.quickein.com for only 19.95
2013-10-03 14:53:20 · answer #7 · answered by Kashif 2 · 0⤊ 0⤋
Depending on which state you reside in...
In Wisconsin you can use your SS# as long as you don't have any employees.
2007-06-18 08:57:48 · answer #8 · answered by mjkhr 1 · 0⤊ 0⤋