Obtaining a Tax ID Number in Oregon
Your business may need to obtain business licenses or professional licenses depending on its business activities. Oregon provides a comprehensive website of every profession and occupation that requires a license by any sole proprietorship. A business can obtain this information by going to the Oregon License Directory. In addition, local regulations, including licenses, building permits and zoning clearances, may apply to your business. You will need to check with your city and county governments for more information.
Obtain an Employer Identification Number
Get an Employer Identification Number, or EIN. This is a nine digit number issued by the IRS for tax reporting purposes. All businesses with employees are required to report wages to the IRS using their EIN. Registering for an EIN can be done online at the IRS website.
Companies without employees are not required to have an tax id number because they can use their Social Security number to report taxes. However, you may want to obtain one anyway for your business due to the fact Some banks require one to open a bank account and it can reduce the risk of identity theft.
Oregon, businesses are required to report taxes and file various employee reports. You may need to use your EIN when registering your business to file taxes via the Oregon Department of Revenue. If you have employees, you must report and pay employment taxes on a regular basis.
How To Properly Register Your New Business in the State of Oregon ?
registered business because of common and federal law trademark protections. To make sure your business name is available, run a search in the following Secretary of State, you can also check out some of these help links below; with getting all the proper permits and licenses you will need.