An Employer Identification Number or EIN number is important for new businesses. It helps the Internal Revenue Service or IRS to monitor businesses. Through the nine-digit unique number assigned to different business entities, also known as Federal Tax ID Number, acts like a Social Security Number, it is only meant for a business or company.
If you are planning to start up a business or will restructure your current one, you need to obtain an EIN. The first thing to do to get an EIN number is to determine whether you are eligible for one.
Here are the different types of entities:
- Sole Proprietor – This refers to a lone ownership of an unincorporated company, which is not registered with the state as a limited liability company.
- Limited Liability Company – Also called an LLC, a limited liability company is formed by filing articles of organization with the secretary of state. The owners of an LLC are called members.
- Partnership – An unincorporated organization with at least two members.
- Corporation – A person or a group who establish an identity through filing an Article of Incorporation with the state secretary’s approval.
- S Corporation – A domestic corporation that elects its status through Form 2553 to avoid double taxation
If you are part of a farmer’s cooperative, a non-profit organization, or real estate mortgage conduits, then you are eligible to apply for an EIN. Sole proprietors who employ at least one individual must get an EIN too. An estate EIN is also needed if you have created a trust or represent an estate of a deceased business owner. Once you’ve identified your entity you can easily apply for an EIN online anytime for free at https://www.irs-ein-tax-id.com/. When you send your application online during business hours, you will receive your EIN via email on the same day.
No more wasting time trawling online shops – the online shopping centre is here
Lets face it, our lives are busier now than ever. Work life balance is a constant struggle and when you’re trying to juggle a family, work, keeping fit and healthy, running a household and try to have some semblance of a social life any little thing that gives back some precious time is well worth it.
One thing that seems to be a huge time stealer is shopping. Dragging yourself and the family to the local high street or retail park is time consuming, often stressful and generally not enjoyable. There are definitely better things to be doing.
Of course there is always online shopping. No need to leave the sofa during those precious spare 5 minutes you have after the children have done to bed but before you have to run around preparing for the following day.
After all any retailer worth their salt invests heavily in a decent online presence. The perfect answer. Greater choice, 24/7 access, competitive prices and delivery straight to your door. It is no wonder it is the busy person’s go to for all their household needs.
Yet even that is becoming tiresome. With access to shops from all round the world, the web is now reaching saturation point. Busy shoppers are becoming overwhelmed by the sheer volume and spend hours trawling hundreds of retailers for the right product at the right price.
Step forward the next generation of online shopping – online shopping centres like Buyviu UK have finally opened their digital doors to the British shopper.
Anything you could possibly need, all in one place
Of course the real benefit of online shopping is speed and convenience, any time by any device you happen to have to hand. We want to get what we need quickly and easily so we can get on with whatever the next thing is on our mental to do list.
What we don’t want to be doing is spending hours scrolling and scrolling through hundreds of sites looking for a good price. This is why the online shopping centre is a master stroke. It takes all of that scrolling away doing all the hard work.
It brings together hundreds of retailers and thousands of products in one easy to use site. Imagine going to the biggest shopping centre in the world but without the crowds, the nightmare parking and bored kids.
Buyviu UK does exactly this, bringing together everything from fashion, jewellery and shoes to grocery staples, car parts, home and garden accessories and appliances and sports equipment. It is quite literally a one-stop-shop.
You can find anything you could possibly need for home, family and the odd little treat for yourself. So instead of wasting a whole weekend visiting the garden centre, the pet store, the car garage, the craft shop, numerous clothing stores, the sports store and the home appliance store, you can save yourself hours and not even move from the sofa. Sounds great right?
The range available in this online shopping centre is incredibly wide ranging. Whether it is school supplies for the kids, household appliances, pet accessories and even food. It has everything.
In the fashion section you can find all the top brands in clothing, footwear, jewellery and sports, from Nike and Adidas to Swarovski and Marc Jacobs. And if you are looking for gifts, there is a huge range of toys and baby products or beauty and home products.
So if you find yourself needing a new lawn mower at the same time as a new clarinet – Buyviu have got you covered.
It even sells car parts, sports equipment and arts and crafts. With such a lot of choice, navigating the website needs to be carefully planned. Buyviu make this easy, organising categories by brand or type, with the ability to search and filter by size, price, colour, merchant and material across all products. No matter what you need Buyviu will find it for you and get you to that shop to make your purchase.
Top brands right at your fingertips
The great thing about an online shopping centre is the easy access to all the top brands you know and love. Brands like ASOS, Dolce & Gabbana, Adidas, Nike, Zanussi, Bosch and other well known household names is second to none.
The baby range is particularly good with brands like Baby Bjorn and Bugaboo easily accessible. The site covers everything from potties, to prams and car seats and of course clothes for children of all ages for when they inevitably grow out of absolutely everything in record time.
Within a couple of clicks you have access to hundreds of retailers. There is just no need to spend hours on the internet going for site to site when it is all in one place for you already.
To make it even better, there is also an easy to access outlet section, all year round. The site pulls in discounted products across all the ranges and retailers and puts them in one easy to search location.
No more waiting for seasonal sales, or a long drive to the nearest outlet village for bargain hunting. Shoppers can do it all from the comfort of their sofa.
Discounts on well known brands are incredibly tempting, in places as much as 70% off, with a much greater choice. It is no wonder that shoppers prefer to spend their hard earned cash online, and the great filtering and search speeds the whole process up considerably.
Take back your free time and go and enjoy yourself
So with all those household needs met, and money saved from super bargains, all you need to do know is decide what to do with your spare time instead. Now you can avoid the weekend shopping chaos why not do something more fun for all the family? Nothing is more important and why not make the most of it.
We finally have a new way to surf the net for purchases. The online shopping centre is the way forward for busy people everywhere.
If you’re interested in starting a small business in Florida, one of the first things you need to consider is the current climate in your chosen industry. You don’t want to launch into a field that’s oversaturated while also offering a minimal demand from the public. Differentiation is key, but you should also look for indicators that there’s a strong customer base for your goods and services in a particular area. A souvenir shop will do well in parts of Florida where tourism is high, while a business focused on home repair services is best situated among residential neighborhoods.
Florida is a welcoming state for small businesses. In fact, over 99 percent of businesses in the state are classified as small businesses. This means that you’ll be in good company here, but you’ll also have a lot of competition. At the end of 2016, 18,474 small businesses shut down. Make sure your company isn’t among those to close their doors by taking care of your due diligence before you make that first sale. Planning is critical for new business owners who want to achieve long-term financial success.
From labor costs to tax laws, there’s a lot that you need to know about the area that you choose for your new business venture. Florida offers a wealth of benefits for prospective entrepreneurs. Learn more about the small business climate in the Sunshine State with this infographic. You’ll get valuable details to help you pick the perfect spot for your next venture.
How to Create a Viable Business Plan from Scratch
An idea is a fragile thing. Millions of people think up brilliant business ideas all the time, yet, few see the light of day. In fact, many would argue that the most difficult aspect of starting a business is transitioning an initial idea into a tangible business model. Fortunately, we’ll help you do just that in this post. Here’s how to create a professional business plan from scratch:
Step #1 Write Everything Down
Even individuals with eidetic memories can forget crucial details after a few hours or days. Starting a business requires a high level of organization, and would-be entrepreneurs need to stay on top of their tasks and responsibilities. As such, make it a point to put your ideas and plans in writing. Doing so will give you a strong point of reference and prevent you from overlooking critical deadlines.
Step #2 Research the Competition
The odds of coming up with a completely unique business idea in a world of over 7 billion people is fairly low. Still, many professionals have crafted successful businesses that tackle old problems in new ways. Before you start drafting any paperwork, though, make it a point to perform market research. Determine who your potential competitors will be, and identify if a profitable opportunity exists within a specific niche. If it doesn’t, then your great idea may not prove all that lucrative in practice.
Step #3 Secure Funding
Whether your company will manufacture polypropylene tubes or develop hair-care products, every business needs funding to get off the ground. Retail space, domain names, employee salaries –– these expenses will add up if you don’t budget for them beforehand. Note that there are plenty of alternative lending options available to ambitious business owners.
Step #4 Set Goals
Business owners will have a difficult time setting up a startup for success if they can’t answer two basic questions: what do they want their business to achieve, and how do they plan on making that happen? This is the crux of any sound business model, and it can take weeks or months to address these two issues. Don’t rush the process; instead, take your time to develop reasonable goals and practical means to reach them.
Step #5 Sweat the “Small” Stuff
New business owners have to power through a ton of paperwork before they can open their doors for the first time. It’s easy to dismiss these requirements to focus on “more pressing” concerns, but filing the correct documents can help you avoid massive legal trouble down the line. Get your ducks in a row now or pay for your negligence later –– the choice is yours.