Do you even have any idea what the EIN is? Besides the name??
If you are getting 2 then I would suggest a tax consultant and business attorney to get a business plan and your books straightened up 1st. That to the IRS means you will have two full blown businesses that act seperately with separate assets, taxes, deductions, etc. You also have to deal with depreciation of vehicles and real estate if you have it. Inventory holding, etc.
Its not a paypal pacifier as many seem to think. You will just get yourself in too deep with the IRS.
There is too much more to it than you realize and you will just get in trouble if you dont get professional advice before you do it.
I have posted much about this recently so do some searches and research a little about the cons of it as well as benefits.
__________________ KingRay |