1. Did you have to get an EIN if it's just you working?
2. Also, what do you call yourself? Member? Partner? Owner? President?
I live in NC and have a LLC. Yes, you get an EIN # & I am the Owner not a member. All my paperwork was done through my accountant & lawyer. They filled out my paperwork & filed them through the courts.
I live in NC and have a LLC. Yes, you get an EIN # & I am the Owner not a member. All my paperwork was done through my accountant & lawyer. They filled out my paperwork & filed them through the courts.
I agree completly...Have the pros help you! YOu should have a good accountant even before you open your doors...
Also , LLC/EIN etc status has nothing to to with the state. It is all federal so if you have a cousin that is a CPA in Idaho, his answers will be more helpful than a cake decorator in NC.
Also , LLC/EIN etc status has nothing to to with the state. It is all federal so if you have a cousin that is a CPA in Idaho, his answers will be more helpful than a cake decorator in NC.
OK, with this in mind, what special ID would I need for me as an employee in NC besides a state tax ID number?
As and employee or an employer ? As an employee, you only need the same things you do everywhere- some proof of citizenship or work visa and a soc. sec. card.
As as employer- I would suggest you try paycycle.com. It creates all of the documents you need for each employee. If you are a small bakery it will cost you less than $30. a month to do payroll including direct deposit and e-filing your various taxes.
And your LLC or Corporate status has nothing to do with your obligations as an employer.
As and employee or an employer ? As an employee, you only need the same things you do everywhere- some proof of citizenship or work visa and a soc. sec. card.
As as employer- I would suggest you try paycycle.com. It creates all of the documents you need for each employee. If you are a small bakery it will cost you less than $30. a month to do payroll including direct deposit and e-filing your various taxes.
And your LLC or Corporate status has nothing to do with your obligations as an employer.
OUr bank also offers this and the fee is about the same But gads, the paper work!
As and employee or an employer ? As an employee, you only need the same things you do everywhere- some proof of citizenship or work visa and a soc. sec. card.
As as employer- I would suggest you try paycycle.com. It creates all of the documents you need for each employee. If you are a small bakery it will cost you less than $30. a month to do payroll including direct deposit and e-filing your various taxes.
And your LLC or Corporate status has nothing to do with your obligations as an employer.
OUr bank also offers this and the fee is about the same But gads, the paper work!
When we opened we used our bank payroll services, but they end up being much more expensive because they not only charge the monthly dee, they charge a PER employee fee as well. We were paying about $200 a month for 20ish employees.
As and employee or an employer ? As an employee, you only need the same things you do everywhere- some proof of citizenship or work visa and a soc. sec. card.
As as employer- I would suggest you try paycycle.com. It creates all of the documents you need for each employee. If you are a small bakery it will cost you less than $30. a month to do payroll including direct deposit and e-filing your various taxes.
And your LLC or Corporate status has nothing to do with your obligations as an employer.
OUr bank also offers this and the fee is about the same But gads, the paper work!
When we opened we used our bank payroll services, but they end up being much more expensive because they not only charge the monthly dee, they charge a PER employee fee as well. We were paying about $200 a month for 20ish employees.
Wow that is crazy!!! btw paycycle is run by intuit, who also is famous for little hidden fees. How are they on this site?
As and employee or an employer ? As an employee, you only need the same things you do everywhere- some proof of citizenship or work visa and a soc. sec. card.
As as employer- I would suggest you try paycycle.com. It creates all of the documents you need for each employee. If you are a small bakery it will cost you less than $30. a month to do payroll including direct deposit and e-filing your various taxes.
And your LLC or Corporate status has nothing to do with your obligations as an employer.
OUr bank also offers this and the fee is about the same But gads, the paper work!
When we opened we used our bank payroll services, but they end up being much more expensive because they not only charge the monthly dee, they charge a PER employee fee as well. We were paying about $200 a month for 20ish employees.
Wow that is crazy!!! btw paycycle is run by intuit, who also is famous for little hidden fees. How are they on this site?
We started using paycycle before they were bought by intuit, and the fees haven't changed. It costs us about $50 a month to do our payroll and file all of our tax forms. I put in about 2 hours a month on payroll now, vs. about 45 minutes when the bank did it, but I like having more control over when taxes are paid and when money comes out of my account.
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