I've considered pursuing my goals of starting up an online ecommerce store. Do I need a federal ID or a Business License?
I've considered pursuing my goals of starting up an online ecommerce store. Do I need a federal ID or a Business License?
The mere consideration of starting a business does not require an FIN or business license. . .If you follow through, don't worry about it unless you start making enough money to matter. . .
The Federal Tax ID is free - You need to go to your state's tax website and apply for the sales tax ID number. It's a totally different number. Your EIN is a Federal thing, and your sales tax ID is a state thing. You'll probably need to fill out a form, and somewhere on the form, you'll put in your EIN. You should do this before you actually start making sales. Huhh
_____________________
How to Apply for an EIN Online
It depends on how you are operating. If you are a single member LLC, a separate Fed Tax ID is not required. If you are a sole prop, it is not required. A business license depends your local and state laws.
Sure Payment Solutions
www.surepaymentsolutions.com
Featured on:
Copyright © 2011 Entrepreneur Media, Inc. All rights reserved.
Disclosure: You should assume that the owner of this website is an affiliate for providers of goods and services mentioned on this website and in the videos. The owner may be compensated when you purchase from a provider. Perform due diligence before purchasing from this or any other website.