 Tammy Comer |
do I need a tax id # to start a business I am starting a studio out of my home. Do I need to take steps for it to be a legal business? A friend told me that while starting out I don't need to do anything because IRS would consider it as a "hobby" for the first three years of business. So if I don't have a tax id #, would it be illegal for me to advertise and use a name for my business? Also, my husband farms and has a tax # , I have been told that I might be able to use it in order to get frames, etc. at wholesale. I hope you can offer some advice! Tammy
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Damian P. Gadal |
You can use your SS# for a Tax ID - unless you want to incorporate....
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Liz Novak |
You might want to check with your county clerk office too. In Cook County, IL I had to register with the assumed names unit, to legally use the name of my business.
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Damian P. Gadal |
In some places you don't need to go the facticious business route if you use your name in the busiess, i.e., bill smith enterprises.... hth
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Damian P. Gadal |
You'll still need a business license though...
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