Type of Entity Sole Proprietor / Individual
For an individually owned business not registering with the state as a Corporation or LLC. For example, Bob's Lawncare.
Partnership
For a business not registering with a state as a Corporation or LLC, and owned by multiple people. For example, Bob and Hals Lawncare.
Limited Liability Company (LLC)
For a business registering with a state as an LLC. For example, Bob's Lawncare LLC.
Corporation
For a business registering with the state as a corporation. For example, Bob's Lawncare INC.
S-Corporation
For a business registering with the state as an S-corporation. For example, Bob's Lawncare INC.
Personal Service Corporation
For a businesss in a field such as health, law, accounting, and consulting which is registering with a state as a Personal Service Corporation. A license to practice is usually required. AKA a Professional Corporation. For example, Bob's Law Group PC.
Church Controlled Organization
For a church or non-profit church-controlled organization.
Other Non-profit
For non-profit organizations that do not also fall under one of the other entity types like Corporation or Church-Controlled.
Trust
For legal arrangements in which assets are owned and managed by someone for the benefit of another.
Estate of a Deceased Individual
For the Estate of a deceased individual.
Showing posts with label federal tax id. Show all posts
Showing posts with label federal tax id. Show all posts
Tuesday, September 27, 2011
Federal Tax ID
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