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Question added to topic MoneyJune 12, 2007

Do I need a tax ID number?

I have started a small embroidery business. Do I need a tax ID number?
The tax ID number depends on a couple of choices you make. If you have employees then you probably need one, if you don't have employees, then you probably don't. The best bet is to check with a CPA or attorney who's local. It shouldn't cost that much money and it will be worth it to you.
-- Tim


Tim Berry is the president of Palo Alto Software Inc., based in Eugene, Ore., which produces business planning software. He is also the author of 3 Weeks to Startup and The Plan-As-You-Go Business Plan, published by Entrepreneur Press.

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