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View Full Version : Is it necessary for me to get a tax ID, I am the only employee in my startup company?


planet7
Sep 21, 2010, 09:21 AM

tickle
Sep 21, 2010, 09:26 AM
Yes, it is necessary but don't know where you are located. If you are invoicing clients then you have to collect, say a goods and services tax and in order to report it to the government on a quarterly basis you have to have an ID.

excon
Sep 26, 2010, 06:55 AM
is it necessary for me to get a tax ID, I am the only employee in my startup company?Hello p:

If you're buying goods for resale, you'll need one so that you don't pay sales tax. If you're NOT buying goods for resale, then you don't need one.

excon

AK lawyer
Sep 26, 2010, 07:06 AM
Is it a sole proprietorship (no corporation or LLC)? You can use your Social Security number instead.