A business registration number is obtained from the state in which the company is doing business. According to the IRS, some states require new businesses to be registered with the state's department of revenue. New business registration forms can be submitted online in some states, and they can also be filed at the state or city's local office of finance.Know More
Although only some states require a business registration, generally all new businesses operating in the United States must register for an Employer Identification Number, says the U.S. Small Business Administration. An EIN, also sometimes called a Federal Tax Identification Number, is used to identify a business entity that is separate from an individual. The California Tax Service Center notes that only businesses such as corporations, retirement plans or partnerships need to file Federal Tax ID numbers. Sole proprietors do not need to have an EIN unless they are contributing payroll or federal excise taxes. An application for an Employer Identification Number can be completed online at the IRS website.
According to the Bureau of Consumer Protection, businesses involved in the distribution, sale or importing of fur, textile or wool products can be issued a Registered Identification Number. These are not required, but instead of placing a name on the product's required label or tag, a business can affix the company's Registered Identification Number.Learn more about Business Resources
A statutory agent, also known as a registered agent, is an individual or third-party company that takes in all tax and legal documents for a business. Within most jurisdictions in the United States, it is a requirement to have a statutory agent in order to do business.Full Answer >
A turnkey contract is a business agreement in which a company is given the responsibility of planning and building a product that can generate cash flow for the client upon completion. Cambridge Dictionaries Online uses the example of a stadium being built, while Investopedia describes Subway sandwiches as an example of a turnkey business that requires only capital and labor to begin.Full Answer >
From a business perspective, stakeholders are important because they affect major changes within a company, from financial decisions to how an organization runs. Stakeholders can be investors, employees, board members or partners, notes the Chartered Quality Institute. A stakeholder is someone or a group of people that are directly or indirectly affected by an organization's actions, or an individual or group that has a direct role in shaping a policy, business practice or decision that negatively or positively helps or hinders a business.Full Answer >
Setting up a security company requires a bit of research and planning to set the groundwork for a successful business, including setting a budget and assessing market conditions. Turning an idea for a business plan into action requires a bit of work, but is essential for establishing a competitive organization. Business success is accomplished through a series of steps, which are carried out during a period of time.Full Answer >