Frequently Asked Questions
How do I get an Employer Identification Number (EIN)?
This is also called the Federal ID Number, Tax ID number and various other things.
This is your Federal Tax Step, which establishes your business tax account. The SS-4 is the
only form and the best advice is to fill it out by hand first then call the toll-free number
(1-800-829-4933), there is no charge and should take about 15 minutes. Bonus step for S-Corps -
if you are filing as an S-Corp be sure to also file Form 2553, Election for S-Corp Status or you
will be stuck paying Double Taxes and considered a regular C-Corp by the IRS.
Forms are available online at: http://www.irs.gov/
How do I find out if the name for my business is available?
Before settling on a name, be sure to check to see if the name is available with the following:
How do I find grant money to start or grow my business?
The process of finding a small business grant program and reviewing the
requirements is time consuming. Eligibility can be based on location, sales
revenue to date, years in business, sex, race, and purpose of funding. Should your business
embark on a small business grant seeking mission? Answer the following questions:
- Do you have the time and resources to search for a small business grant program and apply?
- Can you hire a consultant or learn the grant application process by yourself?
- Does your business need the money now for expansion or can you wait up to a year?
- If you do undertake the grant process, will it hurt your business taking away time from selling and marketing?
If you do find a small business grant program available for your business, be ready to go
through a lengthy, approval process. With funding cutbacks and high competition do not count
on these funds to start your business.