PTG Accounting & Consulting
Spring is a time of new beginnings, plans, projects, & business startups!
If you're planning on launching a small business this season, here are a few steps to get you started:
You will need to register your business to make it a distinct legal entity. In most cases, your entity name registration protects your business and prevents anyone else in the state from operating under the same entity name.
After establishing and registering your business name, it's time to get your state tax ID and federal tax ID numbers, also known as your Employer Identification Number (EIN). This number works as a personal social security number for your business. Also, the EIN allows your small business to pay state and federal taxes and open a business bank account.
PTG Accounting & Consulting
We will step you through the startup process.
Your Employer Identification Number (EIN) is your federal tax ID. You need it to pay federal taxes, hire employees, open a bank account, and apply for business licenses and permits. It's free to apply for an EIN, and you should do it right after you register your business.
Our PTG Accounting and Tax Consulting team are passionate about helping small business owners set up the best strategy for a bright future and guide you in avoiding common but preventable mistakes most people make. And, if you plan to operate out of a home office, we'll even show you the best way to receive the maximum tax advantage!
Reach out today via phone 740-443-6121, email scarrico@ptgtaxcpa.com, or drop by our physical office; we welcome walk-ins.
Register Your Business