| Jonhan |
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Posts: 1
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Joined: 20 Jun 2007
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Posted: Wed Jun 20, 2007 1:30 pm
Post subject: New Business Issues
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I've been researching a new business for about a month. I've obtained a quote for liability and bonding, researched equipment and expenses, and the competition. I know that
neither bonding nor liability will cover me for crime and fidelity so I am considering that insurance too. I will not have any employees.
I don't have a business yet. The liability insurance forms and bond are made out to "dba kelly s...." I have to have the EIN so the income doesn't go to my social security
number. I will pay myself a salary. Can I do that?
I reviewed the EIN application form and I don't know if I should I do Sole Proprietor or Personal Service?
The business is not regulated and does not require any licenses. It's basically a photography business.
Can I get a EIN (federal tax ID) without an actual business. Can I register the EIN as "dba, etc."?
Thanks in advance for your help and support. I welcome constructive replies.
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