[Jewelry making - Article 01318] - Re: [Orchid] Whether or not to get a tax id

[Miachelle DePiano]

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Hi Susan,

    I've been a struggling business for quite some time now-but I have
    to say in spite of dealing with filing my taxes (by state
    requirement) on a monthly basis, I have found it handy to have the
    tax id number. 

    Yes, you have access to wholesale purchases, which everyone knows
    about. But something to consider is the time when you have an
    opportunity to be part of a trade show, or if someone wants to
    approach you regarding wholesale purchasing of your products. In
    these cases, a tax id might and probably will be required. 

    My point is it is better to be prepared professionally for those
    business opportunities that present themselves. That's when having
    the legal paperwork done benefits you most, and you will be happy
    that you did it. 

Good luck with your decision!
Miachelle

 
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