Friday, September 24, 2010

Apply for the tax ID specific to the business.

Depending on the business being established, there will be slight differences in the online application forms. The following are the types of organization structures that will need to be specified on the tax ID application.
  • Sole Proprietor – persons in business for themselves
  • Partnerships – joint ventures involving two or more parties
  • Corporations – these include personal service providers, and business entities that manage funds and investments
  • Estates – legal holdings created by the will of a deceased person.

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