The answer to your question depends on exactly what you are intending to do. As a general rule, a Tax ID or Employer Identification Number (EIN) cannot be transferred when there has been a change of business structure or ownership. If the business merely changes its name or moves to a new location, it may retain the EIN but must notify the taxing authorities of the name change. If you are starting a new business and merely using the same name as was previously used by the other business, you will require a new EIN. The IRS website (www.irs.gov) provides a good explanation of when a new EIN is required.
Jim Koch launched the Boston Beer Company from his kitchen table in 1984. Now, 30 years later, the leader of the craft brewing movement is doing more than $700 million in sales. Here’s what he learned about starting up.
The Coolest -- a cooler that comes equipped with a rechargeable blender for mixed drinks, a smartphone charger and other goodies -- is currently the second most funded project in the crowdfunding site’s history.