No it's not an EIN number. The secretary at the school made sure she empathized that. She called it a corporate number and said it would be about 6 numbers long. Thanks for your response though. I think it has something to do with registering the entity name.
Policies vary from state to state. I’m sure I have a corporate number but I don’t know what it is and in 35 years no one has ever asked for it. California is a little tougher on the rules. I’m sure once you incorporate they will give you the number. Here in New York we don’t need any kind of license to install flooring.
Yeah as I get deeper and deeper into this I'm finding your advice to be true. Basically if running your own business and every aspect of it was easy then everyone would be doing it. But it's not and that's why we hire those professionals to do the things that they're better, quicker, and more prepared at doing than I would be. Unfortunately I chose the "have my back work for me instead of my brain" route and I'll be of more use out on the field like you were saying. I'm ambitious enough to get my license and after that I'll have to reserve the rest of my ambition and use it in other places that'll benefit me better. Thank you and to everyone for their advice.
When my partners and i set up our business we used a lawyer also. He gave us bad advice and we lost acc'ts over it. When asked about it his comment was "What can I say, ignorance of the law."
Out of curiosity and without trying to pry, what sort of bad advice? Setting up a corporation ain’t that big a deal? For me it didn’t really change how I ran my business much. In small businesses like ours it’s primarily about getting some tax breaks. Paying less into social Security…. Which can bite you in the a** later if you don’t invest wisely.
