Teodora

Should Single-Member LLC Use SSN or EIN?

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Should single-member LLC use SSN or EIN? For federal income tax purposes, a single-member LLC classified as a disregarded entity generally must use the owner’s social security number (SSN) or employer identification number (EIN) for all information returns and reporting related to income tax. Read more on ttlc.intuit.com Due to their capacity to provide legal … Read more

How Escrow Works When Selling a Business

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How does escrow work when selling a business? An escrow agent acts as a third party between the buyer and seller to ensure that all conditions of the sales agreement are met. The escrow agent can hold the buyer’s earnest money deposit or down payment, making it easier for the buyer to reclaim that money … Read more