If you recently started or plan to start a business in Norway OR or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Norway OR.
Obtaining a Tax ID Number (EIN)
When starting a business in Norway 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 Norway 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
- Myrtle Point, OR
- Remote, OR
- Broadbent, OR
- Coquille, OR
- Camas Valley, OR
- Powers, OR
- Bandon, OR
- Coos Head Naval Facility, OR
- Coos Bay, OR
- Eastside, OR
- Charleston, OR
- Tenmile, OR
- Langlois, OR
- Allegany, OR
- North Bend, OR
- Winston, OR
- Sixes, OR
- Umpqua, OR
- Dillard, OR
- Glendale, OR
- Roseburg, OR
- Rsbg, OR
- Port Orford, OR
- Agness, OR
- Riddle, OR
- Lakeside, OR
- Winchester, OR
- Wilbur, OR
- Hugo, OR
- Grants Pass, OR
- Canyonville, OR
- Myrtle Creek, OR
- Oakland, OR
- Ophir, OR
- Merlin, OR
- Winchestr Bay, OR
- Reedsport, OR
- Win Bay, OR
- Winchester Bay, OR
- Sunnyvalley, OR
- Wolf Creek, OR
- Scottsburg, OR
- Greenacres, OR
- Murphys Camp, OR
- Elkton, OR
- Gold Beach, OR
- Azalea, OR
- Days Creek, OR