Hello....newbie here. I`m doing alot of research to understand how the fine details work, but with all of the good information I see here, I`ll ask..
I have found a private investor to provide me with the startup capital, and additional capital for expenses as needed until my new business become profitable. We are still working out details, but how do I accept his 100k? What do I need to do for tax purposes, etc? Can someone point me to a website or post that discusses how to accept the money and apply it to the new business?
Hello, my question is.... I have an EIN/DBA (DBA expired) from a previous business that never really became a business. It managed to generate a very small revenue last year and quite honestly cost me more than that. Now, I am in the process of trying to open a retail store as a new business. Will I need to cancel or close out the old EIN? I read somewhere that the EIN stays and I can have one EIN for more than one business. Can some one point me in the right direction to clear this up? I plan to incorporate the new business as an LLC.