Individual Taxpayer Identification Number (ITIN) is a tax ID number individuals who are required to have a U.S. Taxpayer Identification Number but who do not have one and are not eligible to get an SSN must apply for.
You need an ITIN to file your taxes and open a U.S. bank account when you don’t have a Social Security Number (SSN).
It is possible to apply for ITIN regardless of immigration status (it doesn’t matter if you don’t have an SSN or if you’re an illegal immigrant) because both residents and non-resident aliens may have a US filing or tax reporting requirement.
ITIN serves as your tax identification number for:
Filing your taxes
Receiving tax return from the IRS
Opening a U.S. bank account
As IRS Certifying Acceptance Agents, we’re trained and authorized by the IRS to assist foreign individuals who don’t qualify for a Social Security Number get their ITIN quickly.
Business people dissolve a corporation in California for one or more reasons. Some of the major reasons for making the move include:
A low cash flow. You need a healthy cash flow to operate. Therefore, many business owners will dissolve their corporation if they don’t have a sufficient cash flow.
Poor management or accounting practices. Besides relying on a business attorney for your business, you also need to depend on the services of a good accountant. Otherwise, you may be faced with the dissolution of your business.
Increased competition. Sometimes, businesses find they are up against stiff competition. When this happens, they may decide it is best to stop operating.
Economic pressures. The stress caused by the recent pandemic led to the closure and dissolution of many businesses.
Problems with liability. If you have been sued or liability claims have been filed, you may find it no longer feasible to operate.
Bankruptcy. If you get in over your head with expenses,
If you are a sole proprietor or small business, you may be interested in forming an LLC. If you want to know, “How long does it take for form an LLC?” you’ve come to the right place.
The following information will give you all the details you need to set up a limited liability company and determine its set-up time.
To make the process go faster, you can also contact me anytime online. Email firstname.lastname@example.org for further details today. I can answer any questions and can tell you what you need to launch your business successfully.
Forming a professional corporation is often the natural next step for people who are hoping to achieve their dreams and become their own boss in whatever field they work in. Forming a professional corporation and officially incorporating is possible for almost any profession ranging from accountants, lawyers, healthcare professionals, etc. However, each state in the U.S. has different laws and regulations regarding who can form a professional corporation and how it must be done.
At Mollaei Law, we are intimately familiar with the ins and outs of forming a professional corporation and all the advantages that come along with it. In this article, we go over all the advantages that you can expect once you form your own professional corporation. If you are interested in learning more about incorporating or are hoping to form your own professional corporation, don’t hesitate to email us at email@example.com or book a consultation call at https://calendly.com/mollaeilawconsultation/professional-corp to get the process started.
Professional Corporation Advantage #1: Limited Personal Liability
As a professional social worker, it’s likely you’ve thought to yourself at some point about starting a private practice. This is a career aspiration for many social workers who are passionate about what they do. As the owner of a social work practice, you’ll have much more agency to make decisions related to your work life and can allow you to make important decisions for your business that reflect your values.
The decision to start a social work private practice can be a lot of work and making sure your practice is set up for success can be difficult. However, owning your own social work practice can also be one of the most rewarding things you do in your life. It can also be challenging to navigate the ins and outs of what your private practice can look like.
At Mollaei Law, we are highly experienced in helping social workers establish their private practice in a way that reflects their wants and needs. If you are considering starting your own social work private practice, don’t hesitate to email us at firstname.lastname@example.org or book a consultation call at https://calendly.com/mollaeilawconsultation/professional-corp to get the process started.
Once you’ve graduated medical school or begun working as a physician, you might come to realize that your aspirations reach beyond your current circumstances and that you wish to start your own physician corporation.
Starting your own medical practice or physician corporation can be an incredibly exciting path that allows you to take the practice of medicine into your own hands and develop a culture in your practice that reflects your values.
However, starting your own physician corporation can be complicated and time consuming. At Mollaei Law, we help guide the process of establishing your own medical corporation by assisting to develop detailed plans and schedules to ensure that every necessary step is taken. Below, we detail the 5 key steps to creating your own physician corporation. Don’t hesitate to email us at email@example.com or book a consultation call at https://calendly.com/mollaeilawconsultation/professional-corp to start the process of building your Physician Corporation.
Step 1: Establish your Physician Incorporation
Develop Business Plan for Physician Corporation
One of the most important steps when establishing your own physician corporation is to develop a business plan.
Every state imposes its own rules for filing a limited liability company, or an LLC. Therefore, the following details will guide you on how to file an LLC in California. If your business will have a prevailing influence in the “Golden State,” you need to know this information.