Janel

What Is an Unincorporated Business in DC?

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Overview of Incorporated vs. Unincorporated Businesses An unincorporated business is any business not registered with the state. It includes partnerships, limited liability companies taxed as partnerships, and sole proprietorships. For federal income tax purposes, income flows through to owners. DC Unincorporated Business Franchise Tax The DC franchise tax, also known as the unincorporated business franchise … Read more

What Is SBI Kiosk?

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Overview of SBI Kiosk Banking SBI Kiosk Banking refers to a service provided by the bank that allows individuals to access basic banking facilities through kiosks or banking correspondents in remote or underserved areas. The kiosks act as mini-bank branches, offering services like fund transfers, cash deposits/withdrawals, balance inquiries, bill payments, etc. without customers having … Read more

Do Bump Keys Work? Understanding Bump Keys

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Bump keys are tools that can compromise many traditional pin-tumbler locks by exploiting a lock’s mechanical design. These keys, also known as "999 keys" because their ridges are cut to the maximum depth, have been used by locksmiths for decades but are now more commonly associated with burglaries. How Bump Keys Work Bump keys are … Read more

Can You Have 2 EIN Numbers?

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Can You Have More Than One EIN Number? Yes. As long as each EIN is for a separate business entity, a person may apply for multiple EINs. Request one EIN at a time and not on the same day. What Happens If You Have Multiple EIN Numbers? Contact the IRS. They will likely tell you … Read more