If you recently started or plan to start a business in Harvey ND or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Harvey ND.
Obtaining a Tax ID Number (EIN)
When starting a business in Harvey ND, 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.
North Dakota State Tax ID
Outside of obtaining your Federal Tax ID (EIN) in Harvey ND you will also likely need a North Dakota 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 North Dakota State Website at http://www.nd.gov/businessreg/
Cities in North Dakota
- Hamberg, ND
- Heimdal, ND
- Manfred, ND
- Saundersville, ND
- Selz, ND
- Wellsburg, ND
- Fessenden, ND
- Flora, ND
- Maddock, ND
- Hesper, ND
- Martin, ND
- Clifton, ND
- Emrick, ND
- Cathay, ND
- Chaseley, ND
- Fillmore, ND
- Esmond, ND
- Anamoose, ND
- Aylmer, ND
- Heaton, ND
- Bowdon, ND
- Hurdsfield, ND
- Oberon, ND
- Goodrich, ND
- Guthrie, ND
- Drake, ND
- Balta, ND
- Brinsmade, ND
- Minnewaukan, ND
- Sheyenne, ND
- Denhoff, ND
- Sykeston, ND
- Silva, ND
- Orrin, ND
- Pleasant Lake, ND
- Rugby, ND
- Fort Totten, ND
- Ft Totten, ND
- Wolford, ND
- Knox, ND
- Brantford, ND
- Bremen, ND
- Munster, ND
- New Rockford, ND
- New Rockfrd, ND
- Leeds, ND
- Harlow, ND
- Baker, ND