Question: 90706
7/27/2016 3:29 PM
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I am about to open a new
InfinityThere's No Tomorrow- TNTCo.
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You can form a nonprofit, get a federal ID, or file a DBA and get an EIN.
We are a girls' softball team. We are here to teach the girls how to play the game. Furthermore, we need a tax ID number just in case someone would like to donate money to the team. I am trying to get an EIN for a softball team. How do I do this? Yes, We are a softball league with a bank acct in Vt. Do we need a trade name? We sell nothing, we are a coed softball league playing softball. We sell nothing,, we play softball and have to have a bank acct to pay bills.
Yes, exactly, sponsors want the EIN tax ID because they have to report to the IRS that they donated the money, so the IRS can keep track of where the money went. That said, you can only obtain an EIN, but remember that you have to be a nonprofit, so the sponsor can deduct the donation. You can form a nonprofit, get a federal ID, or a DBA and get an EIN, but since you want an LLC, go with that as well. |
| | Hello, Looking for a free tax ID number for a youth girls softball travel team This is for a softball team. I'm not sure what I need. I would like to get a tax ID for, y girls softball team for sponsorship purposes, what to see what I need to do? Furthermore, I started a girls fast pitch softball team. I have potential sponsors, but they are asking for a tax ID, do you need a tax ID number for a softball team why does a girls' softball team need a tax ID starting a travel softball team for girls 14 years old and under A nonprofit Travel Softball Team for Girls 14 and Under
You can form a nonprofit, get a federal ID, or a DBA and get an EIN but since you want an LLC, go with that as well. |
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REQUIRED TAX IDS
HOW TO GET A FREE TAX ID NUMBERR
You can obtain a free tax id on this site. You need a tax id, whether an online, home, store, concession stand or a mobile cart. First, you will need to select among sole owner/proprietor, partnership, LLC or corporation, all of which also require a business tax id registration also called an occuptional business license as well. If your business name is a name other than your full personal legal name, you will need to file a Doing Business As . For instance, your name is Doghnult Tramp, and you do business as Best Merchandise Items By Tramp, the name must be registered with a DBA Biz Name because it is not your full legal name. Also, note that whatever item that you sell or lease and it is an item that can be touched (i.e., tangible such as equipment, toys, merchandise, electronics, prepared food) requires a state sales tax ID to either buy or sell the items or products wholesale and or sell them retail. If you are hiring workers anytime soon, you will need a Federal tax id EIN and a State tax id SEIN (employer identification number). Other instances that you will need a federal tax ID are: if you are a partnership, an independent contractor, and a corporation or an LLC . You can also obtain a federal tax ID as a sole proprietor and use it as a business tax ID in the place of a social security number. However, you will still need other registrations, such as licenses, an fictitious business name DBA, and tax IDs as described above. Finally, even one person, sole owner/proprietors working from home or just online can form a LLC or incorporate, in which case, they will not need to file a trade name also called a fictitious business name or assumed business name. |
Tax registration requirements for in
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IMPORTANT:
Requirments below include Web based, Online, Websites, Home or eBay Businesses)
Answer:
The following are the tax numbers you need to start your small company.
All Businesses need a(n) ,
business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) DBA assumed business name certificate.
You may also need a tax id called a resale tax ID or seller's license if you selling touchable items. (A.K.A seller's permit, state id, wholesale, resale, reseller certificate).
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a Federal Tax Id Number and a(n) State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
, Incorporate in or form a(n) LLC
Actually there is not just one but four tax ID numbers. First there is a general business tax registration ID. Second there is a state reseller number. Third there is a state EIN number and a federal EIN number.
All businesses that need to collect sales tax such as those selling merchandise or equipement online or thru a store will need to obtain a sales tax ID number also called a wholesale ID and or seller license. Small or big businesses that employ workers will need both an IRS EIN and a State EIN. Using a doing business as name such as "Ultra Consulting" or any other such business name will need to file a fictitious business name certificate.
Finally starting businesses must choose a business legal/tax structure. There are 4 major business entity structures: 1. A sole proprietorship a partnership an LLC and a corporation. You can select any one of them.
Corporations and LLCs need the business tax registration license and a federal tax ID number.
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The following are the tax numbers you need to start your small company.
All Businesses need a(n) ,
business tax registration.
All Businesses that use a business name to trade that is other than the surname and first name of a sole proprietor or a fictitious business name other than the LLC or Corporation legal name need a(n) DBA assumed business name certificate.
You may also need a tax id called a resale tax ID or seller's license if you selling touchable items. (A.K.A seller's permit, state id, wholesale, resale, reseller certificate).
Also keep in mind that employers will need to obtain a federal EIN and a State EIN tax identificattion number.
I.e., a Federal Tax Id Number and a(n) State Employer Tax Number
Instead of filing a fictitious business name DBA Filing in
, Incorporate in or form a(n) LLC
Filing a DBA is not required if you will set up an LLC or form a Corporation.
Partnerships will need to obtain a federal tax id number.
If you will do business under your first and last legal name you will not need to get a fictitious business name.
Using any language that connotes additional owners in the name of the business makes filing a fictitious business name mandatory.
FIRST STEP: Ensure that you secure
furniture and appliances that constitute equipment for this trade .
SECOND STEP: determine the
business location (you home can be a business location).
THIRD STEP: Obtain tax ID number(s) and licenses. Here is the minimum registrations you need:
You can offset personal losses against the profits of an LLC or S corporation.
If you have a partner you will need to register the company name and obtain a federal ID.
If you are a service type of business but you also use parts you will need a sellers permit also called a resale license or resale certificate AKA sales tax id or seller's permit to collect taxes and or buy wholesale.
Any businesses that sell prepared food need a seller's sales tax id number license.
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Not Sure What Tax ID You Need?
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Operation: How long does the tax ID issuance process take to get it?
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