Nuts and Bolts of Small Business http://nhbiz.org Lessons Learned in New Hampshire and Everywhere Thu, 14 Feb 2008 07:49:11 +0000 http://wordpress.org/?v=2.3.3 en Always Get an EIN! http://nhbiz.org/startingup/always-get-an-ein/ http://nhbiz.org/startingup/always-get-an-ein/#comments Thu, 14 Feb 2008 07:34:21 +0000 admin http://nhbiz.org/startingup/always-get-an-ein/ The IRS has a chart that says whether you need an Employer Identification Number (EIN) here. The chart is misleading because you can follow the chart and conclude that you don’t need an EIN.

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]]> http://nhbiz.org/startingup/always-get-an-ein/feed/ Choosing a Business Entity http://nhbiz.org/startingup/business-entities/ http://nhbiz.org/startingup/business-entities/#comments Thu, 14 Feb 2008 06:54:11 +0000 admin http://nhbiz.org/startingup/business-entities/ While there are many kinds of business entities — C corporations, S corporations, LLCs, LLPs, Partnerships, and Sole Proprietorships — one of 2 choices will work for most businesses:

  1. A single-person business should be a single-member LLC.
  2. A multiple-person business should be a C Corporation.

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