Hi Tom!
I had a business prior to starting my dc 3 years ago. That business was and LLC, with an EIN number. I had no employees, btw.
I closed out the LLC, but the EIN number is still attached to my SS # with the IRS.
My daycare name is different, and I use my social for taxes at the moment.
I am hiring an LTE for 6 weeks, so I need an EIN number for her tax withholding, right?
And, as long as I have that EIN number in use again, I will give that to my parents for daycare receipts.
1. Do my parents then have to write my checks to the business? My bank charges fees for business accounts, but not for personal. So, my current account is just under my own name.
2. How do I do a name-change with the IRS? I have been on their website, and am not clear if I even have to do anything.
3. Is there any point in changing my daycare to an LLC?
Thanks in advance!
I had a business prior to starting my dc 3 years ago. That business was and LLC, with an EIN number. I had no employees, btw.
I closed out the LLC, but the EIN number is still attached to my SS # with the IRS.
My daycare name is different, and I use my social for taxes at the moment.
I am hiring an LTE for 6 weeks, so I need an EIN number for her tax withholding, right?
And, as long as I have that EIN number in use again, I will give that to my parents for daycare receipts.
1. Do my parents then have to write my checks to the business? My bank charges fees for business accounts, but not for personal. So, my current account is just under my own name.
2. How do I do a name-change with the IRS? I have been on their website, and am not clear if I even have to do anything.
3. Is there any point in changing my daycare to an LLC?
Thanks in advance!
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