How to get a free tax id number online
Question: How to get a free tax id number online
If you starting a home based business, you may want to know that a New Home Based Business is started every 10 seconds and there are about 40 million Home Based Businesses in the USA of which 71% of the Home Based Business succeed in about within 3 years versus 35% of regular business that succeed at the same rate.
In addition, it is cheaper to start a home based bsiness because 44% of Home Based Business are started for under $4,000 and, in addtion, most, 75% of Americans would prefer to be self-employed and a home based business provides this opportunity.
Finally, home businesses account for $450 billion per year from the total GDP. If you are a sole proprietor/owner, you will need a business license (business tax registration.
Home busineses are like any other type of business so they need to comply with all licensing requirement like any business. You have heard that I am
just online or work out of home so I don't need to register my business. This is not true. You need to get all licenses as any business.
If a home business uses a trade name to do business, it needs a DBA (Doing Business As). However, if you incorporate or form an LLC, you do not need to file a DBA. If you will sell any type of merchandise or item in small or large amounts, even as a home business and even if just on ebay or just selling and making a few hundred dollars per year, you will need a seller's permit (salest tax id number). If decide to hire help, you will need a federal tax id number and a state employer tax id number. On this site you can get a free tax ID but also all other types of licenses and tax registrations including registering your business as an LLC and obtaining an LLC certificate or registering as a sole owner by getting a DBA certificate.Source: www.freetaxid.com