If you recently started or plan to start a business in Hartwell GA or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Hartwell GA.
Obtaining a Tax ID Number (EIN)
When starting a business in Hartwell 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 Hartwell 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
- Bowersville, GA
- Starr, SC
- Canon, GA
- Townville, SC
- Dewy Rose, GA
- Fair Play, SC
- Lavonia, GA
- Bowman, GA
- Franklin Spgs, GA
- Franklin Springs, GA
- Iva, SC
- Royston, GA
- Sandy Springs, SC
- Elberton, GA
- Lowndesville, SC
- Anderson, SC
- And, SC
- La France, SC
- Avalon, GA
- Martin, GA
- Clemson University, SC
- Pendleton, SC
- Clemson, SC
- Eastanollee, GA
- Richland, SC
- Carnesville, GA
- Comer, GA
- Madison, SC
- Westminster, SC
- Calhoun Falls, SC
- Danielsville, GA
- Newry, SC
- Central, SC
- Ila, GA
- Belton, SC
- Toccoa, GA
- Seneca, SC
- Carlton, GA
- Due West, SC
- Williamston, SC
- Norris, SC
- Cateechee, SC
- West Union, SC
- Colbert, GA
- Abbeville, SC
- Liberty, SC
- Hull, GA
- Toccoa Falls, GA