How do I Get a Federal Tax ID for my Business?

Generally, businesses need a Federal Tax ID number or an Employer Identification Number (EIN) to legally conduct business. Whether a sole proprietor or a corporation, an EIN is necessary. This number is used to identify a business entity for tax purposes and is fairly simple to obtain. The IRS supplies multiple ways to apply for…

Read This Article

Do I Need to File For a Foreign Qualification?

Maybe you’ve heard the term foreign qualification before, but aren’t exactly sure what it means. How does your business qualify to file as a foreign qualification? What do you need to do in order to foreign qualify? If you’re not sure, you’ve come to the right place—here’s a look at what you need to know…

Read This Article

Do You Know the Difference Between LLC Structures?

Did you know that when you form a limited liability company (LLC) you can choose its management structure? There are three types of management structures available to individuals that incorporate as an LLC. Single member LLC Member managed LLC Manager managed LLC What’s the difference between each management type? How can you determine which structure…

Read This Article

Business Licenses 101

Starting a business involves a great deal of filling out and filing the appropriate paperwork to get up and running. A lot of it is fun to work on—picking a business name, logo, color scheme and location—but there’s also plenty of legal work that new small business owners need to think about, including deciding whether…

Read This Article

The 4 Best Ways to Maintain a Business Partnership

Starting a business all on your own can prove to be one of the more difficult occupation paths to take on. Thankfully, new entrepreneurs will find that the more people they add to their team from investors to employees and partners, the easier it is to run a business. Partners make for a wonderful business asset for…

Read This Article

Trademarks and DBAs: What’s the Difference?

Trademarks and DBAs may seem like the same concept, if you’re fairly new to understanding small business terminology. Trademarks may include business names and other media that distinguishes a startup and its uniqueness to the world while a DBA is an acronym for “doing business as.” Businesses may register for trademarks and DBAs to protect…

Read This Article

Streamlining Your Processes

Every startup has to develop a process for doing business. Whether that means the business owner has sketched a detailed map of each employee’s day-to-day functions or merely drawn out a list of guiding principles that lead the organization through each and every business transaction. There must be a process in place to set out…

Read This Article