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Are you someone who is always struggling with money?
Do you need assistance and guidance of experts to help you with sorting out your monetary issues?
Well, scroll no further because you have come to the right place. We help you with all your queries, issues and problems related to finance.
Applying for a Washington Tax Identification Number
Becoming an entrepreneur is a huge step to take in life. It takes many goals to reach the point in a business where you can call yourself successful. Everyone in this world has had a dream of working for themselves and making tons of money. To be able to be your own boss and not have to work for a boss that you can’t stand working for. In the State of Washington, you must apply for a state tax identification number. This is the number that the state will use to identify your business when it comes to doing your taxes. This number is just like having a social security number except it is for your business. The tax ID is a nine-digit number that will remain with you throughout the lifetime of your business. So lets get to it on how to apply for a washington tax id.
First you must figure out if you are going to be a sole proprietorship, a partnership, or a corporation. A sole proprietorship is when you are running the business all by yourself. A partnership is where you equally share the business and its entireties with one other person. A corporation is when your business is run by three or more people. Once you figure out what business entity you are going to have, you are ready to apply.
The application is going to ask you several different questions pertaining to the business such as the name of the business, the address, phone number, email address, and any other question that may be pertaining to the name of the business. Then after you fill out the form, you will be able to review it to make sure everything is correct and spelled correctly. After it is submitted you will have to pay a fee of $185.00. As soon as you have submitted the application online and pay the fee, you will receive an email that states the tax identification number for your business. It takes about two weeks for the information from your online application to permanently go through the Internal Revenue Services files, but they do not make you wait that long to generate your number. Since you might need that number to finalize other things for your business such as licensing or insurance, they want to make sure you have it available. If you apply for your tax identification number by fax, mail, or telephone, it could take up to four weeks to get your number back.
Applying for your businesses tax identification number in Washington is not a very long process. Filling out the application is the easy part. Once that is done it is just a waiting game. Once you have your number, you are ready to get the show on the road. You are ready to get your business rolling. It is all up hill from her on out. Once your business is up and running, you can watch your income start to flow in. Being your own boss can be difficult, but it can be very rewarding in the end.
And to end the article, here’s a quick reminder of what taxes are and why we even have to pay them (awesome video!):
How To Quickly Sell Your Home
If you are planning to sell your home to upgrade to a larger home, if you are relocating for business, or if you are just ready for a change, you will likely want to sell the home quickly, or in three simple words: sell house fast! The sooner your home sells, the sooner you can start over in a new house. The longer your house remains on the market, the more frustrating it can become. If you want your home to sell quickly, there are a few tips that you should follow.
#1 Improve Your Home’s Curb Appeal
What potential buyers see when they first pull into your driveway will have a great deal to do with whether or not they will do a walk through and make an offer. First impressions are very important when it comes to selling a house. It is important to make sure that the landscaping is always well-groomed. This means keeping the grass cut and the shrubs trimmed. You should keep the exterior of your home clean and free of dirt and debris. If your fence is broken or the paint is chipping, make the necessary repairs. As long as you are willing to put some extra effort into caring for the outside of your home, potential buyers will be more likely to want to come in and tour the inside.
#2 Know Your House’s Selling Point
If you want to sell your home as quickly as possible, you want to use what makes the house so unique so that you can market it properly. Think about what you loved so much about the house that made you buy it in the first place. This is likely the selling point. The selling point could be that it is the biggest or the newest house in the neighborhood. If you have a pool or a finished basement, these are excellent selling points. If you are having trouble finding the selling point, you can talk to a real estate agent. They can help you find your house’s selling point. When you do, it can make your home more valuable and credible to potential buyers.
#3 Make the Interior Less Personal
If you are like most homeowners, your favorite parts of the house are the personal touches that you added. Family photos and collectibles made your house feel like home while you lived there. What you should understand is that these personal touches are yours, not your potential buyers’. When prospective buyers come into your home to do a walkthrough, they want to picture themselves living in the home, not you. This means removing all of your personal items from the home. It is best to keep the walls bare. This will give potential buyers a blank canvas so that they can visualize their own things in the home.
#4 Keep Bad Odors From Turning Potential Buyer Away
If a potential buyer comes to do a walkthrough of the home, something minor like a foul smell can turn them off completely. There are a few things that you can do to keep the home from smelling bad.
- Have your carpets cleaned by a professional
- Make sure there is enough ventilation in the home
- Get rid of old furniture
- Deodorize the kitchen to remove old cooking smells
There are also a few ways that you can make the house smell nice.
- Brew coffee before you potential buyers arrive
- Put a batch of cookies in the oven
- Light a scented candle
- Spray the curtains and the furniture with a fabric refresher, such as Febreeze
#5 Make Sure That Your Asking Price Is Reasonable
If you are like most people, you love your home, even though you are selling. This love can cloud your judgment, causing you to ask more for your home than it is actually worth. There are a couple of ways that you can ensure that your asking price is reasonable. First, you can work with a real estate agent. You will need to pay this person a commission, however, real estate agents are very knowledgeable and they can help you price your home and sell it quickly. If you don’t want to work with a real estate agent, you can do some research. Take a look at other similar homes in your neighborhood that are on the market or that have recently sold. This will give you an idea as to whether or not your price is reasonable. If you are selling your home at the right price, you have a better chance of it selling quickly.
Preparing your home for a quick sale will take some time and effort and possibly some money. At the end of the day, this will all be worth it because you should be able to sell your home quickly and start your new life in your new home.
Are you someone who has an incredible business idea in mind and looking for sources to finance your idea? Are you someone who is opting to set up a start-up but not sure where to start? Well, worry no more because we have compiled a list of sources, which you can consider when looking for a way to fund your start-up. Let us look at them one by one.
Getting a Bank Loan
For Entrepreneurs, Banks are supermarkets, where they can get finance for their business. Banks provide various packages or plans, which you can choose as per your needs or wants. Usually, the financing plans are of three basic types including short term, mid-term and long term plans. These plans contain finance for all things you need for your business including equipment, working capital, real estate and any other asset needs. Banks want you to provide them with some kind of security when you seek to get a loan to assure that you will pay back the money. Unlike other business options, banks provide you the most flexibility. You can choose the best-suited plan for your business and decide an appropriate time for paying the money back. If you want, you can always pay back the money earlier and end the contract.
Going for a Smart Lease
When starting a new business, you will need to purchase some property or space to set up your business. You may also need to buy equipment, machinery and other things as well. This can be very tough decision to make and a heavy burden to bear. In such a situation, going for a smart lease is a good option for you because doing large down payments will be difficult and painful for you. In this case, you have to pay the money back in instalments at regular intervals of time. The instalment amount, time interval and payment criteria are set before you sign the lease contract. There are, yet again, various options for you to opt for and many plans and packages to make it easier for you to pay the instalments.
Getting funding from friends and family
This is the most flexible and lenient option for you if you are lucky. You might not even have to pledge your property to provide assurance to them. Your family and friends are the people who have faith in you and they trust your abilities. If they are good investors, they can be the best option for you when starting up a business because while others might be looking at your initiative as a big bag of risks, your friends and family will be there to back you up, support you with your idea and help you to make it successful because they are the ones who personally believe that you have the potential to do so.