A FEIN is a nine-digit number that identifies your business for tax purposes, and it's kind of like a Social Security number for your business. You can apply with the IRS, and the application process is fairly simple to complete. There are numerous benefits of having a FEIN, even if yo...
How to fire an employee legally Employer’s rights Mistakes to avoid when firing an employee Remember the humanity in termination Share this article Key takeaways At-will employment provides flexibility but there are still limitations on when and how to terminate an employee. Documenting performance ...
Your LLC EIN Number is used for banking, taxes, + more. There's 3 ways to apply for your LLC's EIN. Online, by mail, or by fax.
Step 1:Go to the Secretary of State’s business registrationpage. Step 2:Select “register online” and create an account by selecting “first time user?” on the right. Step 3:Create your account with the state by filling out the necessary information. ...
If you wish to start an LLC in Tennessee, you must file your Articles of Organization with the State and pay a filing fee of $300. While it’s the most important step, it’s not the only one. There are 4 other crucial steps to follow to get your LLC formed in Tennessee. Below ar...
Not all employers offer this benefit; special rules or surcharges may apply. You may qualify for federal assistance based on your income. Your former employer might provide a reimbursement account that can help you afford the cost of these plans. Good to know: While you can’t use an HSA...
"There are a number of housing decisions to consider as you transition from working to full-time retirement," says Feinschreiber. "Work with your advisor to develop a housing strategy—with several different options— as you project where you'll plan to live over the next 20–30 years. Whet...
The Employer Identification Number (aka EIN) is a nine-digit number given by the Internal Revenue Service (IRS) to make it easier to identify the type of business for tax purposes and taxes in general. The EIN is necessary for any active business or any form of business. An EIN number...
Each member then pays self-employment taxes and income tax on their share of the business’s income after any tax-deductible expenses are taken out. This is the default way to tax an LLC. LLCs can also elect to be taxed as S corporations (S corps) or C corporations (C corps). The ...