New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I am flooring contractor in CA looking to start a branch in NY. I am incorporated but am unsure if i need a new tax id and biz license because of contractor license issues, have to get a NY contractor license.
Jason,
You can expand your business by registering your California company as a foreign entity in New York.
When filing a foreign entity, you do not need to get a new EIN, however you will need to obtain specific licensing on a state to state basis, such as a state contractor license.
Keep in mind when filing as a foreign entity in a different state you may have additional requirements to comply with depending on your original entity type. For example, LLC’s established in New York as new or foreign entities are required to publish articles to the public regarding the business formation and purpose.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
