An ITIN, or Individual Taxpayer Identification Number, is a tax processing number issued by the Internal Revenue Service (IRS) for individuals who are required to have a U.S. taxpayer identification number, but who do not have or are not eligible to obtain a Social Security Number (SSN). ITINs are used for federal tax purposes only …
What is an INDIVIDUAL TAXPAYER IDENTIFICATION NUMBER(ITIN)? Read More »
An Employer Identification Number (EIN) is a unique, nine-digit number assigned by the Internal Revenue Service (IRS) to identify a business entity. It is similar to a Social Security number for an individual, but it is used for business tax purposes. An EIN is also sometimes called a Federal Tax Identification Number. An EIN is …
What is an EMPLOYER IDENTIFICATION NUMBER (EIN/FEIN)? Read More »
What is LLC(limited liability company) and What is C-Corp (corporation)? A limited liability company (LLC) is a business structure that offers personal liability protection for its owners, known as members. This means that the members of an LLC are not personally responsible for the company’s debts or liabilities. In contrast, the owners of a C …
What Should I open as a Non-Resident LLC or C-Corp? (Pros & Cons for Non-Residents) Read More »
An LLC, or limited liability company, is a type of business structure that provides its owners with personal liability protection for the company’s debts and obligations. This means that if the LLC is sued or goes bankrupt, the owner’s personal assets (such as their homes, cars, and savings) are generally not at risk. This is …
