Re: Paypal EIN
It's ok to have 12+ businesses but at that point you need a lawyer and an accountant , and they do not need to be big names . I Owned a banquet , hall restaurant and bar all under one 27,000 sqft but it was easier to manage by breaking it up into separate parts , so I had multiple EIN S , and colorations set up,and at that point u need to be certain and although u need to understand the legal and tax side of ur business just like every other aspect but as an owner u need to be on top and aware of everything mad need to learn to delegate and get the right people I'n the right spots , u can't be guessing ur way through the day, focus on growing your business and having each department staffed with a professional where need to be, taxes and All the legal issues that come up when running a business never stops and you cannot be the owner , lawyers. Accountant and so on
Those departments are very crucial and with the right people will go smooth but if no one takes care of that end u won't last especially as u grow, than u meet with each department every whatever day or twice a week or whatever you feel necessary to grasp what is going on, but ughhhhh law and taxes is not like sweeping the floor , so leave that end to professionals, my advice, make sure u choose those positions Carefully and always be aware of everything and always make the final decision or you could end up a mess
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