Latest news with #EmployerIdentificationNumber
Perth Now
4 days ago
- Entertainment
- Perth Now
Tiffany Haddish opens up on 'mentally and spiritual' challenges of getting her makeup done
Tiffany Haddish needs to be in a "good space mentally and spiritually" before she can get her makeup done. The 45-year-old comedienne is no stranger to performing on stage and screen, but admitted that when it comes to the preparation of it all, she can only "handle" having assistants swarm around her to act as a glam squad if she has made peace with it all in her own head first. She told UsWeekly: "A lot of people will be pulling on you, and you need to be in a good space mentally and spiritually in order to handle that. 'Especially on those lady days! You really just want to fight people because you're dying. There's a funeral happening, and nobody knows but you!' The ' Girls Trip' star was then asked if she has any rituals before she goes on stage and explained that she uses "personal feel-good music" to get herself ready. She said: "It's my personal feel-good music. "Not even my team hears it. It's in my AirPods. It's basically Hz tones — 420, 480, 550." Meanwhile, Tiffany - who was married to William Stewart from 2008 until 2013 and dated rapper Common from 2020 until 2021 - is currently single but has strict financial criteria she wants from a new partner, including a good credit score, an Employer Identification Number (EIN) and their own staff within their company. She told 'Extra': 'There are people that want to be special in my life, but they don't meet the qualifications. 'The qualifications for someone to be that special guy is the credit score has to be over 675 because… I'm a firm believer that credit score shows a lot about a person, and if a bank wouldn't be willing to give you a loan for a home, why would I be willing to let you be in my body?' 'You got to have an EIN number, okay? And he has to have employees… If you don't know what an EIN number is, that just means you're an employee.'
Perth Now
18-05-2025
- Entertainment
- Perth Now
Tiffany Haddish has strict financial criteria for potential boyfriends
Tiffany Haddish wants to date a successful business owner. The 45-year-old actress - who was married to William Stewart from 2008 until 2013 and dated rapper Common from 2020 until 2021 - is currently single but has strict financial criteria she wants from a new partner, including a good credit score, an Employer Identification Number (EIN) and their own staff within their company. She told 'Extra': 'There are people that want to be special in my life, but they don't meet the qualifications. 'The qualifications for someone to be that special guy is the credit score has to be over 675 because… I'm a firm believer that credit score shows a lot about a person, and if a bank wouldn't be willing to give you a loan for a home, why would I be willing to let you be in my body?' 'You got to have an EIN number, okay? And he has to have employees… If you don't know what an EIN number is, that just means you're an employee.' On Saturday (17.05.25), Tiffany co-hosted her third Annual Adult prom with Jo Koy to raise money for the She Ready Foundation, which supports young people in foster care, and the 'Girls Trip' star admitted it is a cause that is particularly important to her because of her own upbringing. She said: 'It's a great cause we're raising money for these foster youth to help them get the education they need, the housing, the life skills they need.' 'I grew up in a foster care system, and I wish there was somebody like me that could have been supported and guided me or at least given me some of the skills that I needed. I had to learn the hard way.' Meanwhile, Tiffany recently admitted she got thrown out of ballet class for swearing. She told Us Weekly magazine: 'I auditioned for a ballet-style dance film and I did not get hired. But I also got kicked out of ballet class." Asked why she was thrown out, she admitted: 'For cussing. That s*** hurts!' But Tiffany still enjoys watching ballet. She said: 'I go to ballet. I go to the recital just to, like, smite the teacher." And the 'Haunted Mansion' star enjoys other dance classes, even if she isn't "good" at it. She said: 'I do it at home alone all the time. I'm not good at it. "I take barre classes. That's my jam!'
Time Business News
13-05-2025
- Health
- Time Business News
Step-by-Step Guidance for Your Rehab Center Venture
Opening a rehab center begins with more than bricks and mortar—it starts with mission clarity. Identify the population you wish to serve and the type of treatment model you'll offer, such as residential inpatient, intensive outpatient (IOP), or detox services. Choose a clinical approach that reflects your values, whether it's rooted in cognitive behavioral therapy, holistic healing, or medication-assisted treatment. This initial blueprint will shape every operational and staffing decision to follow. Developing a comprehensive support infrastructure starts by assessing local recovery needs, securing financing through grants, and forming a team of clinicians and support staff. Following market research and community engagement, you must identify an accessible location, obtain zoning approvals, and draft policies for evidence-based care. Determining how to open a drug treatment center requires navigating state licensing, accreditation standards, and payer requirements to ensure legal compliance and reimbursement. Training programs, quality assurance protocols, and partnerships with hospitals and social services solidify your operations. Ultimately, combining strategic planning with compassionate leadership fosters a sustainable environment where individuals can pursue lasting recovery. Establish your organization as a legal entity to protect personal liability and create a formal business presence. Most rehab centers operate as limited liability companies (LLCs) or corporations, depending on their financial and ownership goals. File formation documents with your state, obtain an Employer Identification Number (EIN), and register for any necessary state or local tax accounts. Clearly written bylaws or operating agreements will lay the groundwork for governance and investor relations. Each state mandates a unique set of licensure requirements for addiction treatment facilities. Submit an application to your state's behavioral health or substance use disorder regulatory agency. This typically involves presenting a staffing plan, safety protocols, floor plans, clinical programming outlines, and an infection control strategy. Fire marshal inspections, zoning approvals, and proof of liability insurance are often prerequisites. Without a valid license, operations are illegal and billing is impossible—this step is non-negotiable. Selecting a location involves more than square footage and cost. Your site must align with zoning laws, be ADA-compliant, and meet fire safety standards. If offering detox or residential services, sleeping quarters, nurse stations, and secure medication storage are required. Consider how the layout supports a therapeutic environment—private counseling rooms, communal group spaces, and areas for family visits. The design should foster recovery, not feel institutional. Ensure the facility passes state inspections before you consider opening your doors. Hire a clinical team with the licenses, credentials, and temperament to provide consistent, ethical care. Depending on your services, this may include addiction counselors, licensed therapists, medical staff, and administrative personnel. Each role must be filled in accordance with your state's staffing regulations. Conduct background checks, verify credentials, and ensure compliance with HIPAA training and state-required certifications. An effective team is your greatest asset, capable of turning a treatment protocol into a compassionate journey toward recovery. Robust financial planning determines long-term viability. Draft a pro forma that outlines all projected revenue streams—insurance billing, self-pay, grants—and matches them against startup and operating expenses. Line items should include lease agreements, payroll, insurance premiums, technology infrastructure, marketing, and clinical supplies. Know your breakeven census and timeline to profitability. Many startups pursue SBA loans, private investors, or lines of credit to finance early phases. A data-driven financial strategy prevents overextension and prepares you for sustainable scaling. Obtain general liability, professional liability (malpractice), and property insurance at a minimum. If offering detox or residential care, you may also need medical malpractice and workers' compensation coverage. Then initiate credentialing with private insurers and Medicaid if applicable. Contracting with payers can take 90–180 days and involves significant documentation. A credentialed status opens reimbursement avenues and increases patient accessibility. Begin this process early, as cash-flow stability depends on it. Develop your full suite of policies, procedures, and protocols. These documents should address intake procedures, client rights, treatment planning, incident reporting, emergency response, discharge planning, and ethical guidelines. Build documentation templates in your EHR system that align with clinical workflows and state expectations. Policies should not only meet regulatory compliance—they should enhance client safety and staff confidence. Review them regularly as laws, payer rules, and clinical practices evolve. With compliance and operations in place, shift focus to visibility. Launch a professional website with optimized SEO, clear service descriptions, and lead capture tools. Create referral networks with local physicians, therapists, hospitals, and legal professionals. Consider a digital ad strategy, but ensure your messaging complies with federal and state advertising rules for healthcare. Avoid generic promises—clients and families respond to transparency, expertise, and evidence of care. Before your first intake, run operational drills. Test your admissions workflows, chart documentation, medication protocols, and emergency procedures. Conduct a full walk-through with mock clients to ensure clarity and coordination among staff. Audit your EHR, billing codes, consent forms, and release documents. Having these systems function smoothly not only protects your license but shapes the initial experience of care—a critical impression in the recovery journey. Mergers and acquisitions (M&A) play a pivotal role in the growth and expansion of behavioral health organizations. To navigate these complex processes, many businesses turn to specialized consultants who bring expertise in evaluating potential opportunities and risks. MA Consulting Services offer tailored strategies that align with organizational goals, ensuring seamless integration and long-term success. These services guide everything from due diligence to post-transaction integration, helping organizations make informed decisions. Understanding the intricacies of M&A in the behavioral health space is critical for success, and working with experienced consultants can streamline the path to a successful merger or acquisition. Launching a rehab center is a multifaceted endeavor that demands vision, discipline, and regulatory precision. From legal formation and facility design to staffing and patient care protocols, every phase builds the integrity of your treatment environment. When each component is developed thoughtfully, your center becomes more than a business—it becomes a place of healing, safety, and enduring transformation. TIME BUSINESS NEWS
Miami Herald
08-05-2025
- Business
- Miami Herald
How to get a business credit card with an EIN only
You can use an Employer Identification Number (EIN) instead of a Social Security Number (SSN) to apply for a credit card, as long as it's a business credit card or corporate card. However, it's important to note that these EIN-only business credit cards tend to come with certain credit, revenue, and cash-on-hand requirements that other business credit cards lack. Fortunately, there are a number of business credit cards more ideally suited to medium and small businesses-although some may require not just your EIN but your SSN to sign up. In this article, Ramp explains how EIN-only cards work, how to apply for one, and what the best business credit cards are for every type of business scenario. Small business credit cards that are EIN-only Corporate credit cards are the only business cards that require just an EIN, but they're typically designed for larger, more established companies bringing in substantial annual revenue. If you're a small business owner, it's unlikely you'll meet those capital requirements. In that case, you might want to consider a card from a financial technology company that caters to smaller to mid-sized businesses. These providers often offer more accessible options with features like cashback, no annual or foreign transaction fees, and no personal guarantee requirements. Some also avoid personal credit checks and security deposits, making them easier to qualify for. Others also offer specialized perks, such as expense tracking tools for fleet management or seamless integration with existing payment platforms, tailored to the needs of growing businesses. Alternatives to EIN-only business cards If you have poor credit or don't meet the requirements for a corporate card, secured cards can be a good alternative. With these cards, you put down a cash deposit that will act as your credit limit. Secured credit cards report to the business credit bureaus, so you can use them to build your credit score. Although secured credit cards don't come with credit score or capital requirements, you'll have to provide your SSN to qualify. This is necessary for the personal guarantee you agree to with these cards. Here are a few secured business credit cards: Bank Of America Business Advantage Unlimited Cash Rewards Secured Mastercard® Credit Card This secured credit card from Bank of America has no annual fee and requires a minimum $1,000 cash deposit. When you're approved, your cash deposit will act as your line of credit. The card offers 1.5% cash back rewards with no annual cap, making it a good option for funding business expenses while improving your credit score. The First National Bank Business Edition® Secured Mastercard® Credit Card The First National Bank Business Edition® Secured Mastercard® Credit Card requires a cash deposit between $2,200 and $110,000, which acts as its credit limit. The card reports to Dun & Bradstreet, so you can build your business credit score with that bureau. It also comes with some expense management features, like receipt capture for recordkeeping. The card has a $39 annual fee. Wells Fargo Business Secured Mastercard® Credit Card The Wells Fargo Business Secured Credit Card requires a security deposit between $500 to $25,000, which determines its credit limit. The card offers a choice between cash back or reward points; you can earn 1.5% cash back on every dollar spent or 1 point on every dollar spent, plus 1,000 bonus points when your company spends $1,000 or more in any billing period. There's a $25 annual fee per card. Can you use an EIN to get a credit card? It's possible to get a credit card with only an Employer Identification Number (EIN), though it isn't easy. If your business doesn't have established credit, you'll need to meet additional requirements to get approved for a card using just your EIN. Those requirements can involve meeting a certain monthly revenue threshold or having a certain amount of capital in the bank. While sole proprietors can get an EIN, they're typically not eligible for small business credit cards using only their EIN. If you have a large, established business, you can usually get a corporate card without using an individual SSN or an EIN. Can you get a business credit card without an SSN? Yes, you can get a business credit card without an SSN, but you'll need to provide an EIN or a tax ID. However, new businesses usually won't have the credit history to avoid getting a personal credit check and providing a personal guarantee. If you don't have an SSN (e.g. you recently immigrated), you may be able to use your individual taxpayer identification number (ITIN), or tax ID, in the application process. Why some issuers don't approve applications with only an EIN Many card issuers prefer an SSN over an EIN-and many may ask you to provide both-because they require business owners to provide a personal guarantee. That's because lending money to startups is extremely risky, and most credit cards don't require collateral. Lenders want to protect themselves from losses by requiring individuals to promise to repay their debts if their business can't. Business credit card issuers that require a personal guarantee will look at your personal credit when deciding whether to approve your credit card application. In those cases, your personal credit will also factor into the size of the credit limit you receive and the interest rate, if applicable. Some, but not all, business credit card issuers that require an SSN will report payments on the card to personal credit bureaus. Why would a small business need a business credit card with EIN and not an SSN? If you're a small business owner, you might prefer a credit card with an EIN rather than an SSN for several reasons. Using an EIN instead of an SSN helps separate your personal finances from those of your business. That way, you can avoid taking on personal liability for your business's debts, should you become unable to repay them. Cards that use only an EIN are also one of the few types of business credit cards that will not affect personal an EIN can help your business build a credit history over time, as long as the card issuer is reporting payments to business credit-rating agencies. Building your business credit score can give your company access to extra sources of capital in the future, and make it more affordable for you to borrow money.Another reason you might want a credit card with just an EIN as a business owner is if you have bad credit. In that case, you wouldn't have to worry about being denied based on your personal credit history. It's important to note that your business credit score is inextricably linked to your EIN, in the same way your SSN is tied to your personal credit score. Credit bureaus use it to determine your company's creditworthiness. Pros and cons of credit cards with EIN only EIN-only credit cards are a great option if you want a card with no credit check, but they have their drawbacks. Here are the pros and cons of credit cards with EIN only. Here's how to apply for a business credit card with only an EIN, in three steps: 1. Get your EIN Before you can apply for a business credit card using your EIN, you'll need to get an EIN for your business. You typically get an EIN when you register your business with the state, but if you don't have one, you can request an EIN from the IRS using this online form. Or if you already have an EIN number but are unsure where to find it, here's how to perform an EIN lookup. 2. Find EIN-only business credit cards that work for you Once you have an EIN, you'll need to look for card issuers that will approve you with just an EIN-we've listed a few options below. Usually, your business will need to be registered as a limited-liability corporation (LLC), a partnership, or a corporation. Then, apply for a business credit card as you would any other credit card. If there's a box asking for your SSN, just skip it and fill out the section requesting an EIN instead. 3. Apply for a business card with EIN You'll also need to include other information about your business, like its name and corporate structure, its contact information, the size of your business, its current and projected revenues, and its date of registration. Once you've filled out the application, the card issuer will review and verify the information and then let you know whether you've been approved. Some card issuers will complete the verification process instantly, while others might take a few days. Types of EIN-only business credit cards There are different types of EIN-only business credit cards you might consider based on your business's needs. Here are the card options to look at: Corporate business credit cards When using a corporate business credit card, your business is responsible for any credit card debt, eliminating the need for a personal guarantee. An SNN isn't necessary for corporate credit cards, so you can get a business credit card with just your EIN number. To qualify for most corporate business credit cards, you'll also need a U.S. business bank account with a certain minimum balance. Store credit cards Store credit cards are meant to be used at one specific store. While you'll be more limited in where you can use them, they may make sense if the bulk of your business purchases come from a single vendor. As a bonus, store credit cards don't come with a personal liability requirement. Best Buy's credit card and Amazon's Secured Store Card are examples of this type of card. While store credit cards often offer rewards that can benefit your business, these are only redeemable at the store where you use the card. You're better off with a more flexible corporate card that lets you set permissions on which stores employees can shop from, with a wider range of rewards. Corporate gas credit cards Much like a corporate store card, gas credit cards offer perks like discounts at the pump and other travel rewards. Many companies opt to use corporate gas cards instead of gas reimbursement programs. As with store cards, corporate gas credit cards have limited use since they only work at gas stations within a specific network. That said, if gas is a significant expense for your company, a corporate credit card for gas might make sense. For a more flexible option, consider a corporate credit card that works anywhere, while offering category controls to limit where employees can spend. You can sign up for some gas cards using only your EIN. Prepaid business cards Business card issuers typically require an SSN to determine the creditworthiness of businesses without an established credit history. Since prepaid business cards reduce the risk to lenders (since there's no possibility for losses), they don't require an SSN or a personal credit check. Prepaid business credit cards are one type of secured business credit cards. While these can be a useful tool to help you build business credit, an unsecured card offers much more flexibility. This story was produced by Ramp and reviewed and distributed by Stacker. © Stacker Media, LLC.
CNBC
07-05-2025
- Business
- CNBC
LLC vs. Sole proprietorship — which should you choose?
A sole proprietorship is a type of business structure where there is no separation between the business and the individual who owns and operates it. As the name suggests, sole proprietorships are run by only one person. These types of businesses are generally unregistered, and common examples are freelance writers, consultants, and other service work performed by one person. An LLC is a business structure that separates the assets and liabilities of the business from the assets and liabilities of the person who owns it. This means that an individual's personal assets are protected if their business goes bankrupt and still owes debts, or if there's a costly lawsuit against the company. That's where the "limited liability" benefit comes in. With sole proprietorships, you don't enjoy this protection — any financial liability owed by your company could quickly spill over into your personal finances. Also unlike sole proprietorships, LLCs need to be registered with the state where you're conducting business. The owners of the LLC are called members. If you're owning and operating the business by yourself, you'll be a single-member LLC. If there is more than one owner, you'll be a multi-member LLC. Sole proprietorships don't require any registration for setup if you're simply operating under your legal name. If you plan to operate under a different name, though, you'll have to file a DBA (Doing Business As). Sole proprietorships also generally don't require an Employer Identification Number (EIN) so you'll just use your Social Security Number where required. LLCs require registration. You'll have to file Articles of Organization with the state where you'll be operating, file an operating agreement (a document outlining who owns the company and other details) and apply for an EIN. Business formation services like LegalZoom and Bizee can help you get filed and make sure your legal bases are covered. Sometimes, you'll have to pay a small fee to use the service, as well as the filing fee for the state where you're operating, but plans at LegalZoom and Bizee start at $0 plus the state fee. With an LLC, you'll also have to file an annual report with your state, which simply provides updated information on your company and the activities you perform. As a sole proprietor, the money you earn from your business can go directly into your personal bank account since there is no legal separation between you and your business. If you set up a business bank account, you can just transfer money from the business account to your personal account as an "owner's draw." If you have an LLC, you can also generally take an owner's draw from your business bank account. However, if your LLC is structured as an S-Corporation, you'll have to pay yourself a salary, which can be a bit more complicated. For example, you'll have to determine a "reasonable" salary for your role (it's usually recommended that you pay yourself what you would pay another employee to do your role) and report the income on a W-2. Sole proprietors report their business income on their personal tax returns where they'll be taxed at your personal income tax rate. Unless otherwise noted, LLCs follow the same tax rules as sole proprietorships — you'll report business income on your personal income tax return and be charged at the appropriate rate. Your taxes essentially "flow" through you as the individual, not the business, which is why LLCs are known as pass-through entities. Your business's losses, profits, income and deductions all flow through you. However, you can elect to have your LLC taxed as an S-Corp. One advantage of this approach is that you'll only have to pay a FICA tax (Federal Insurance Contributions Act tax, which helps fund programs like Social Security and Medicare) on wages your business pays to owners and employees. All other earnings will be considered dividend income. This can help save your business some money in the long-run. Another big advantage to having your LLC taxed as an S-Corp? You can receive a deduction you otherwise wouldn't have with an LLC that's taxed as a sole proprietorship. According to the Tax Cuts and Jobs Act, pass-through entities claim a 20% qualified business income deduction. However, the taxable income must be below a certain number in order to qualify for the deduction unless you pay employee wages. Because LLCs that are taxed as an S-Corp are incentivized to pay wages to employees, they can potentially claim this deduction if they meet all other requirements. It's generally recommended to opt for an LLC over a sole proprietorship because having an LLC allows you to protect your personal assets should you be sued or default on its debts. However, if you're thinking you just want to test the waters before you dive into the deep end and file an LLC, consider starting as a sole proprietor first. There are some businesses, like freelance writing, selling crafts, tutoring and content creation, that are simple to run as a sole proprietorship. But for businesses with higher liability risk, like running a bakery or legal consulting, an LLC might be a safer option for you. Is it better to have an LLC or a sole proprietorship? Sole proprietorships are simpler to start and manage but LLCs offer you that layer of protection by separating your personal assets and liabilities from your business assets and liabilities. Plus if you run the kind of business that naturally carries more risk, an LLC is typically the better option. What are the disadvantages of a sole proprietorship? Aside from the inability to separate personal assets and liabilities from business assets and liabilities, it's hard to raise capital for your business if you run a sole proprietorship. Venture capitalists usually prefer to fund corporations due to the tax advantages, but LLCs are still preferable to sole proprietorships. What happens if my LLC makes no money? If your business is still active but making no money, you may still have operating expenses that you can write off on your taxes. But if your business is inactive and not making any money, you should dissolve the LLC. At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of small business products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff's alone, and have not been reviewed, approved or otherwise endorsed by any third party.
