Kate Daley posted a new question on 1/19/2010
Do I need and EIN? I wlll not have any employees.
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Alice Nadin Responded on 1/19/2010
There are 3 levels of registrations you need to be concerned about: Federal, State and local. Insurance is a whole other area - a good insurance broker (get quotes from several) can help you. Your personal home/car insurance most likely will NOT cover business loss - even in a home office. Back to registrations:
1. Federal you need an Employers ID # or EIN even if you are a biz of one. It is free and easy to get at:
http://www.irs.gov/businesses/small/article/0,,id=98350,00.html
2. MA has a website to help you register your biz, check if you need a special certification and to obtain a Tax ID. See:
https://wfb.dor.state.ma.us/webfile/Business/Public/WebForms/Registration/TA1/WhoRegister.aspx
3. Locally you may need to obtain a business license and pay business privilege tax. It differs from city and town so call your local city tax department.
Hope that gets you going.
Alice, SCORE Pittsburgh
ps: Your local SCORE office can help you with free face to face consulting. Find that office at www.score.org and use the Find SCORE option. Also check out www.bplans.com for plan ideas or Entrepreneur Magazine for great tips for a home based business.
