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Old 03-15-2007, 12:57 PM   #1 (permalink)
 
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Default LLC reporting and New Business Licensing
I just submittied My report with the Secretary of State, which is always easy. Now that I have figured out what tangible goods I am going to get started with, I am adding those as a separate business activity but it compliments my writing and other freelance things I do. I am stumped.

I haven't made any sales in the new venture yet and I won't have any employees. Do I still need to get a business ID number from the IRS?
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Old 03-15-2007, 01:24 PM   #2 (permalink)
 
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Not necessarily, or at least not until you're really making a substantial income. If you are being paid as a freelancer, it's sort of a gray area as to when you need a Federal tax i.d. number as opposed to just filing quarterly taxes. They do want you to do that though.
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Old 03-15-2007, 04:20 PM   #3 (permalink)
 
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i say get it just to be on the safe side. it's not that much money.
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Old 03-16-2007, 06:33 PM   #4 (permalink)
 
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You're right, it doesn't cost much. It's just the darned paperwork! I hate that part.
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Old 03-22-2007, 02:09 PM   #5 (permalink)
 
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it'll take a couple hours out of your day to do the paper work. a lot less time then if you were to do something wrong and have to weasle your way out of it.
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Old 05-22-2008, 04:01 AM   #6 (permalink)
 
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Default free grants from the government
I've seen all those commercials to get free grants from the government and I bought a couple of them online but they want me to read a 600page guide to figure it out and that would clearly take me 2 years to read. Does anyone know where there is an easy place to get business start up loans for at least $5k? I really need your help. Any helpful information would be greatly appreciated.
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