An ITIN, or Individual Taxpayer Identification Number, is a nine-digit number issued by the IRS to individuals who are required to have a tax identification number but do not have and are not eligible to obtain a Social Security Number (SSN). If you need an ITIN, you can apply online. Here’s what you need to know:
You need an ITIN if you’re not eligible to obtain a Social Security Number (SSN) and you meet any of the following criteria:
You’re required to file a U.S. federal tax return.
Filing your U.S. federal tax return every year is a requirement for all citizens and legal residents of the United States, regardless of whether or not you owe taxes. Suppose you are required to file a tax return but do not have a Social Security number (SSN). In that case, you can still do so by using an Individual Taxpayer Identification Number (ITIN). An ITIN is a nine-digit number issued by the IRS to foreign nationals and others who are required to file a U.S.
It is pretty natural for people to start their businesses as sole proprietors. Most often, the reason behind starting a business with such a model is that they do not want to plan the business properly.
Instead, they just want to start selling services or products right away.
Likewise, some just do not want to go through the effort or put in the cost of incorporating unless they know that the business is viable or not.
But you know that you need to incorporate it at one point, right?
Wondering at what point should I transition from a sole proprietorship to an LLC? This discussion has the answer!
Choosing the right law firm can be a daunting task. But with so many to choose from, how do you know which one is the best for you?
Mollaei Law is one option that may be worth considering. This law firm has a strong reputation for providing quality legal services. But what makes them stand out from the rest? Here are some of the things that make Mollaei Law stand out:
Legal service: Mollaei Law is a full-service law firm.
Mollaei Law is a full-legal service law firm that provides legal service to individuals, families, and businesses in the Los Angeles area.
Founded by Attorney Shahram Mollaei, the firm has a reputation for providing aggressive, effective, and affordable representation to its clients.
At Mollaei Law, we believe everyone deserves access to quality legal services, and we are committed to providing our clients with the best possible representation.
We understand that when you come to us for help, you trust us with your most critical legal matters,
It is not that easy to start your own business as a professional. Some states, such as California, restricts some professional from choosing particular business types.
For example, if you are a nurse, you can not legally start an LLC. In fact, you can not even register for a traditional general corporation.
Now, you might be wondering, as a nurse, what type of business should I create? Well, you need to register for the Professional Corporation structure. However, you can not just form a regular Professional Corp as a nurse practitioner.
Instead, you would need to create a Professional S Corp. Want to learn more about the nursing professional corporation? You need to give our discussion a read!