Begin building your business with our Buisness Initiation service to set up your EIN registration.
An EIN, also known as an Employer Identification Number or Tax ID Number, is used to identify a business entity, trust, estate, and various other entity types. All businesses in general need a EIN, according to the IRS. A EIN is usually required for licensing and permitting as well as opening a business bank account.
Limited Liability Company A Limited Liability Company (LLC) is an entity formed under state or remote law by filing articles of organization as an LLC. In contrast to a partnership, none of the members of an LLC are personally liable for its debts.
Individual / Sole Proprietor A sole proprietorship is an unincorporated business that is owned by one person. It is the least difficult type of business to start and maintain. The business has no presence separated from you, the proprietor.
Corporation A corporation is defined as a legal entity or structure created under the authority of the laws of a state consisting of a person, or group of persons, who become shareholders. The entity's existence is considered separate and distinct from that of its members.
S-Corporation Similar to a normal corporation with exception it's special tax status granted by the IRS that lets corporations pass their corporate income, credits and deductions through to their shareholders.
