Simple and understandable. Understanding EIN – FEIN – FED ID – SALES TAX ID in less than 30 seconds. Starting now… EIN (employer identification number) FEIN (federal employer identification number) FED-ID (federal employer identification number) All three of those above are exactly the same thing. I like to think it as a Social Security Number […]
Business Legal Structure
Do I Need an LLC, Sole Proprietorship or What?
When you’re starting a business, whether it’s a hot dog cart, catering company, or whatever, some things can be intimidating. I get a lot of questions from mobile food vendors about what kind of business entity they should set up. I’m not a lawyer, so don’t take my word for legal advice, but I can […]
Part 8 A to Z Hot Dog Vendor Training – Setting Up Your Legal Business Identity
Need help setting up your business identity? Part of starting your street food business is setting up your business as a legal entity. In part 8 we will discuss sole proprietorships, corporate identities like INC and LLCs. I will give my personal opinions as I am not an accountant or tax adviser but you will […]
089 – Lots Of Vendor Questions Answered – Federal/State – Bookkeeping and More
We attempt to keep each show on a topic but with many new vendors starting up, we were asked a wide range of questions. Please click play above to listen or go below and watch the show recording. The topic tonight was selected from requests on our Facebook page. Some asked about State and Federal […]