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Business Entity  Form

Business Entity Form

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Instructions and help about business entity form

should I have a DBA or separate entities and then how does the Ein work for that so the general rule if you're worried about lawsuits have separate entities but if you can mitigate the risk of lawsuits by having one insurance policy for all of them you can have them together in one entity and just have little dbas or nicknames for the different businesses you do and then as far as the Ein an EIN is just a tax ID for an entity it's a way for the IRS to put a number to a business or person the tax ID for individuals is our social security number the tax ID for a business is an EIN so the IRS is not really concerned about dbas what the IRS is concerned about is each taxpaying entity that's an LLC a corporation or an individual and whether they're filing tax returns and paying the taxes that are owed so the Ein is just a convenience for the IRS to track your entity

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