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    planet7's Avatar
    planet7 Posts: 1, Reputation: 1
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    #1

    Sep 21, 2010, 09:21 AM
    Is it necessary for me to get a tax ID, I am the only employee in my startup company?
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
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    #2

    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's Avatar
    excon Posts: 21,482, Reputation: 2992
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    #3

    Sep 26, 2010, 06:55 AM
    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
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977
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    #4

    Sep 26, 2010, 07:06 AM

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

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