Do I need a tax ID number?

By Tim Berry

Opinions expressed by Entrepreneur contributors are their own.

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


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Tim Berry

Entrepreneur, Business Planner and Angel Investor

Tim Berry is the chairman of Eugene, Ore.-Palo Alto Software, which produces business-planning software. He founded Bplans.com and wrote The Plan-As-You-Go Business Plan, published by Entrepreneur Press. Berry is also a co-founder of HavePresence.com, a leader in a local angel-investment group and a judge of international business-plan competitions.

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