Tax number? What's this?

    Just as people have social security numbers, a business also has an identification that is necessary for filing purposes. Whether you have a Sole-Proprietor, LLC, S-Corp, or Partnership, the business needs to be registered for tax purposes. A tax ID # can be an EIN (Employer Identification Number), a TIN (Tax Identification Number), ITIN (Individual Taxpayer Identification Number); they all mean the same thing. The government  requires and issues a nine digit number to any business that earns more than $600 in a calendar year. This number is writen a little diferent than a social security number, usually in xx-xxxxxxx format.
     Banks, financial services companies, and merchant accounts will require an EIN to use use their services. When registering the business name, it is a good idea to includethe paperwork tor the tax id number at the same time and file everything accordingly. The true principle officer, owner, trustee, or any responsible party can file for the EIN.
    Registering is an easy process. A tax consultant may include this in the paperwork when they help to register the business entity, or a person can easily contact the IRS website and file electronically.    
www.irs.gov.
    Once this step is completed, there are three more that are recommended by the Small Business Administration. Then, a company is ready to start marketing!