When exploring U.S. taxation or business registration policies, it is highly likely that you have encountered the terms ITIN and EIN. While these terms may sound alike, they cater to different audiences and serve distinctly different purposes. Whether you are…
How much does it cost to get an LLC? If this question is on your mind, it is highly likely that you are thinking about starting a new business venture since registering for a Limited Liability Company is one of…
EIN lookup may shield you against late filing delays, accounting errors, and lawsuits. When starting a new venture, paying workers' compensation to employees, getting credit, or managing contractors, identification by your Employer Identification Number (EIN) or even your Federal Tax…
The demand to start a Business in the USA attracts thousands of international business owners each year. With its extensive consumer market, stable judiciary, and technology-driven economy, the U.S. is a destination of choice for anyone who wishes to develop their business worldwide. But how do you, as a non-resident, register a US business? Do you need a visa? What kind of company should…
Closing a business is a major choice. It may be due to any number of reasons, perhaps your business has served its purpose, you're ready to move on to other things, or the business model doesn't work towards its objectives…
The IRS EIN application process is straightforward, making simple mistakes can lead to frustrating delays when you're eager to get your business up and running. With the right preparation and knowledge of IRS requirements, you can breeze through the EIN…
Respecting EIN’s relevance is important when undertaking the forefront steps in commencing or elevating the status of a business. Initially, this process may appear to be administrative in focus due to its methodology, but it actually serves as a foundation…
Understanding an EIN's relevance is crucial for navigating the most crucial steps of starting a business. The concept is highly thrilling; however, it does come with a bucket load of responsibility. Add eye-catching possibilities and a sprinkle of arm's length…
For foreign residents or international citizens involved in US business and earning income from US sources, being compliant with IRS tax laws usually begins with acquiring an ITIN (Individual Taxpayer Identification Number). Certainly, ITIN application can be time-consuming and overly…
Claiming someone as a tax dependent requires you to address certain criteria for them, one of which is assigning them a Social Security Number (SSN). If the SSN criterion does not fit your case, you will most likely have to…
