Help starting a new business

Ronald E. Scott, II Certified Public Accountant

Business Startup Advisors

Practical Advice You Can Understand

Advice for new businesses

Jerry L. Walker Certified Public Accountant

Small Business CPAs The CPA. Never Underestimate The Value.®
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SS-4 Application for Employer Identification Number (EIN): Use this form to obtain an Employer ID number from the IRS. Apply for a federal ID number on-line or open a printable version of the form here.

Sole proprietors should apply for the number before they hire employees. If a sole proprietor never hires employees, the proprietorship is not required to obtain an EIN.

All other entity types must obtain an EIN to use on the entity’s tax return, W-2s, 1099s, etc…. The SS-4 should be filed as soon as the entity has been formed. First, complete and sign the form. Then, you can mail it to the IRS or call a toll free number and have your EIN assigned over the phone.


W-4 Employee's Withholding Allowance Certificate: Use form W-4 to obtain the name, address, social security number, marital status, and number of dependents for each employee from which you must withhold payroll taxes. You should copy this form and use it every time you hire a new employee.



W-9 Request for Taxpayer Identification Number and Certification: Use Form W-9 to obtain the name, address, and ID number for any contractor to whom you make payments. You will need this information if you are required to issue the contractor a 1099.


Form 2553 Election by a Small Business Corporation: Use Form 2553 to elect S-status for your corporation within two months and fifteen days of incorporating or within two months and fifteen days of each new year. The form must be signed by each shareholder (and spouse if in a community property state).

 

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