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-   -   Is it necessary for me to get a tax ID, I am the only employee in my startup company? (https://www.askmehelpdesk.com/showthread.php?t=509499)

  • Sep 21, 2010, 09:21 AM
    planet7
    Is it necessary for me to get a tax ID, I am the only employee in my startup company?
  • Sep 21, 2010, 09:26 AM
    tickle
    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.
  • Sep 26, 2010, 06:55 AM
    excon
    Quote:

    Originally Posted by planet7 View Post
    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
  • Sep 26, 2010, 07:06 AM
    AK lawyer

    Is it a sole proprietorship (no corporation or LLC)? You can use your Social Security number instead.

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