L. Duncan Apparel Blog
The latest news and info from L. Duncan Apparel
On the Road to Success: Tax IDs
When you are thinking of starting your own Business, you have to go about it the right way the FIRST time. Step one being applying for your Tax ID. Next, applying for the necessary License and certifications. Doing things the right way speaks loudly about your character. Authenticity
When we were first getting started, our CEO attended a webinar at a local college that encouraged using resources online to get incorporated. One of the first steps was obtaining a federal tax id. So she went online to get the id. She started off on the government website and was transferred to another website where she was told there was a fee of $80 to get the id. She paid the $80 and received the id. She was still confused because she was told her tax id should be free. She called the IRS to inquire about this and they confirmed the id should be free. She contacted the company that she obtained the id from and later received a refund.
Everyone needs to be careful when conducting business online. You can easily be scammed. We would recommend handling your business affairs at your local bank where they do everything for you for free.