Starting a new business is one of the most exciting and challenging things people will do in their lifetime. However, the road from the moment the inspiration for the business hits you to the moment you open the doors, is a long one. It requires many decisions about the aim of the business, finding a space and the look of the venue you choose. Along those lines, as they say in real estate, the three most important factors are location, location and location. So what are the requirements for opening a business in different states?
The Law of the Land Rules Everywhere
No matter where in the United States or any of its territories you call home, you are required to obtain an employer identification number (EIN) for your business. There is no such thing as a state exemption to obtain an EIN. Even if you have applied for and received an EIN from one state, you must apply for another when you move to a different state.
Follow the Easy Process
You can apply for an EIN with just a quick visit to irs-ein-tax-id.com. By following three simple steps, you’ll have your new EIN in no time. Once on the site, choose how you would like to classify your business tax-wise. Second, fill out the simple application. Third, submit it. You will receive your new EIN on the same day, and very often, within an hour. If you submit your application after 9 p.m., you will receive your EIN the next business day.
Ultimately, getting a new EIN in your new state right away will save you time and energy later when you fill out your taxes. So make the quick trip to irs-ein-tax-id.com, get your EIN super-fast, and check your EIN online any time.