If you recently started or plan to start a business in Brogan OR or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Brogan OR.
Obtaining a Tax ID Number (EIN)
When starting a business in Brogan OR, 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.
Oregon State Tax ID
Outside of obtaining your Federal Tax ID (EIN) in Brogan OR you will also likely need a Oregon 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 Oregon State Website at http://www.oregon.gov/DOR/programs/businesses/Pages/default.aspx
Cities in Oregon
- Jamieson, OR
- Ironside, OR
- Westfall, OR
- Willowcreek, OR
- Vale, OR
- Rye Valley, OR
- Huntington, OR
- Lime, OR
- Bridgeport, OR
- Hereford, OR
- Durkee, OR
- Weatherby, OR
- Harper, OR
- Claude, OR
- Cairo, OR
- Ontario, OR
- Jonesboro, OR
- Beulah, OR
- Juntura, OR
- Arock, OR
- Jonathan, ID
- Weiser, ID
- Eaton, ID
- Crystal, ID
- Nyssa, OR
- Owyhee Corners, OR
- Arcadia, OR
- Unity, OR
- Fruitland, ID
- Richland, OR
- Medical Spgs, OR
- Keating, OR
- Baker City, OR
- Medical Springs, OR
- Baker, OR
- Parma, ID
- Roswell, ID
- Apple Valley, ID
- Hamilton Corner, ID
- New Plymouth, ID
- Payette, ID
- Bates, OR
- Midvale, ID
- Alpine, ID
- Cambridge, ID
- Granite, OR
- Sumpter, OR
- Greenhorn, OR