Tax Id Number Information

• First you are required to obtain a DBA within 30 days of starting your business.

• If you want to do business as a corporation or Limited Liability Company , you need to obtain Document s to enjoy the status.

  • Note that you also need a DBA Document or a corporation / Limited Liability Company Document to open a business bank account as well as a merchant account (to accept credit cards).  You cannot make money unless you have a way to collect the money.

• If you are required to obtain a federal Tax Id Number, you need it to open a  bank account.  Note that this is required for employers, corporations and Limited Liability Company s.

• If you are an employer, you need your federal AND state Tax Id Number employment identification number to collect and pay unemployment taxes for your employees

• If you are a wholesaler, retailer, or lessor of taxable services or items, you need a Wholesale / Retail License / Reseller License to start buying from wholesalers or sell to retailers.

• Finally, you are required to obtain a business license or a home occupation permit before you start operations.  If you don't obtain, one, you may be subject to monetary as well as punitive liability.