If you’re forming a C-Corp and don’t plan on having any employees or taking any money out of the business then I suppose technically you don’t need a Federal Employer Identification Number (EIN), but if you are forming an S-Corp or any company where you plan on pulling any money out then one of the …
Congratulations on making the choice to incorporate your small business! You’re probably as excited as a kid on Christmas to get things moving forward when the thought hits, “I could actually make this my Christmas present!” Well you might want to wait an extra week and I’ll tell you why. In most states, including California …
Thirty years ago when I first started my business I didn’t even think about forming a corporation. The paperwork seemed daunting, the internet barely had any useful information on how to do it and the price to incorporate was a bit steep for a new company that hadn’t even billed for its first job yet. …