If you recently started or plan to start a business in Col GA or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Col GA.
Obtaining a Tax ID Number (EIN)
When starting a business in Col GA, serving as the administrator or executor of an estate, creator of a Trust or operating a Non Profit Organization obtaining a Tax ID (EIN) is a key responsibility. A Tax ID also known as an Employer ID Number (EIN) is a unique nine digit number that identifies your business or entity with the IRS for tax purposes, essentially like a Social Security Number for the entity. A Tax ID (EIN) is used for opening a business
bank account, filing business tax returns and in many cases is required when applying for business licenses. In most cases it is helpful to apply for a Tax ID (EIN) as soon as your start planning a business to ensure that there are no delays in obtaining the correct licenses, financing and opening a business bank account that would be needed to operate.
Information to Consider Prior to Applying
Before applying for your Tax ID (EIN) you may want to consider a few things before starting the application including:
- Determine which structure your business or organization will operate as
- Determine the individual or organization that will serve as the responsible party
- Determine the physical address the business/entity will use – A physical address is required for all Tax ID (EIN)’s and a separate mailing address can be specified
Definition of Entities
- Sole Proprietor – An individual who owns a company that is not incorporated or registered with the state as a limited liability company (LLC).
- Limited Liability Company (LLC) – A LLC is a structure formed by filing articles of organization which allows members limited liability protection and pass through taxation.
- Corporation – A person or group of people who establish a legal entity by filing articles of incorporation with the state’s secretary of state.
- Estate of Deceased – An estate (or decedent estate) or succession is a legal entity created as a result of a person’s death.
- Trusts – All types of trusts including conservatorships, custodianships, guardianships, irrevocable trusts, revocable trusts, and receiverships.
- Partnership – An unincorporated organization in which two or more individuals share the profits and liabilities of a business venture.
- Church – For tax purposes, a “church” refers to any organization claiming to be a church including temples, mosques, and other houses of worship.
- Non-Profit Organization – Includes public charities, educational organizations, PTA/PTO Organizations, Community Sports Teams, Homeowners/Condo Associates, etc.
Georgia State Tax ID
Outside of obtaining your Federal Tax ID (EIN) in Col GA you will also likely need a Georgia State Tax ID. This ID is needed to pay business taxes, state income tax and/or sales tax on items you sell. Generally the State Tax ID is used for the follow:
- Sales and Use Tax
- Employee Income Tax Witholding
- Sales Tax Exemption Permits
- Excise Taxes for items like Alcohol, Tobacco, Firearms, Oil & Gas, heavy machinery, etc.
For specific detail refer to the Georgia State Website at https://georgia.gov/popular-topic/applying-state-taxpayer-identification-number
Cities in Georgia
- American Family Life Ins, GA
- Columbus Brm, GA
- Amer Fam Life Ins Brm, GA
- Cols, GA
- Phenix City, AL
- Beallwood, GA
- Smiths, AL
- Smiths Sta, AL
- Smiths Station, AL
- Fort Benning, GA
- Camp Rogers, GA
- Fort Mitchell, AL
- Midland, GA
- Fortson, GA
- Seale, AL
- Salem, AL
- Cataula, GA
- Cusseta, GA
- Columbus, GA
- Upatoi, GA
- Ellerslie, GA
- Hamilton, GA
- Waverly Hall, GA
- Pittsview, AL
- Hatchechubbee, AL
- Cottonton, AL
- Holy Trinity, AL
- Louvale, GA
- Omaha, GA
- Riverview, AL
- Langdale, AL
- Valley, AL
- Shawmut, AL
- Fairfax, AL
- Juniper, GA
- Box Springs, GA
- Pine Mtn Vly, GA
- Pine Mountain Valley, GA
- Cusseta, AL
- Geneva, GA
- West Point, GA
- Shiloh, GA
- Hurtsboro, AL
- Pine Mountain, GA
- Opelika, AL
- Tazewell, GA
- Buena Vista, GA
- Auburn, AL