If you recently started or plan to start a business in Scappoose OR or have another taxable entity one of the first things you will want to do is obtain your Tax ID in Scappoose OR.
Obtaining a Tax ID Number (EIN)
When starting a business in Scappoose 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 Scappoose 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
- Warren, OR
- St Helens, OR
- Saint Helens, OR
- North Plains, OR
- Burlington, OR
- Deer Island, OR
- Columbia City, OR
- Vernonia, OR
- Banks, OR
- Buxton, OR
- Ridgefield, WA
- Vancouver, WA
- Helvetia, OR
- West Union, OR
- Manning, OR
- Rainier, OR
- Prescott, OR
- Timber, OR
- La Center, WA
- Cedar Mill, OR
- Forest Heights, OR
- Rock Creek, OR
- Carrolls, WA
- Cornelius, OR
- Hillsboro, OR
- Aloha, OR
- Glenwood, OR
- Verboort, OR
- Forest Grove, OR
- Gales Creek, OR
- Kalama, WA
- Orchards, WA
- Woodland, WA
- Progress, OR
- Beaverton, OR
- West Slope, OR
- Tektronix, OR
- Heisson, WA
- Battle Ground, WA
- Battleground, WA
- Pacificorp, OR
- Pacific Power, OR
- Orenco, OR
- Scholls, OR
- Brush Prairie, WA
- Kelso, WA
- Tigard, OR
- Gaston, OR