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Posts Tagged sole proprietorship

When Does A Single Member LLC Need a Tax ID Number?

I continually get folks calling me for advice because they have established a single member (one owner) LLC and want to open a bank account. The bank is insisting that they have an EIN (Employer Identification Number) before the bank will let them open the account. When […]

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What is an LLC Entity Classification?

What is an LLC Entity Classification?

LLC Entity Classification What is It and How to Get It? NS LLC entity classification and how do you get it?  An LLC is short for limited liability company.  Some people think and LLC entity classification  is short for limited liability corporation, but that’s not right.  An […]

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