Sole-Proprietors, Prevent Identity Theft by Getting an EIN

Written by Ellen Zucker


Continued from page 1

Sole-proprietors are not required to have an EIN. But if you are a sole-proprietor, I strongly recommend getting one.

The reason? If you are a sole-proprietor, clients who pay you $600 or more inrepparttar course of a year must file a 1099 on your behalf. And they need your social security number or employer identification number to do that.

And you, in turn, are required to dorepparttar 141699 same for your own sole-proprietor subcontractors who receive $600 or more in payments from you.

The Employer's ID number fulfills IRS's requirements when filing your 1099s, so you just substituterepparttar 141700 EIN forrepparttar 141701 social security number.

The process is easy and straightforward.

You can apply for your EIN number online atrepparttar 141702 IRS website (www.irs.gov) or askrepparttar 141703 IRS to haverepparttar 141704 forms sent to you.



Ellen Zucker's site http://www.selfemployment101.com, provides helpful articles and resources to help the creative sole-proprietor earn a living and create a life.


HOW TO RUN A SUCCESSFUL HOME SALE PARTY

Written by Darren Hendricks


Continued from page 1

1. Ask basic questions about families and homes. Suggest items that would fit their lifestyle or decor. 2. Suggest that a guest can "earn" a gift she particularly wants for "free" by hosting a party. 3. Never high-pressure a guest into having a show. 4. If you don't haverepparttar answer to a guest's question, simply noterepparttar 141698 guest's name and phone number and call them at home withrepparttar 141699 answer. This gives you more time to talk torepparttar 141700 guest and does not take valuable time away from other guests duringrepparttar 141701 party.

Finishing Up Guest Orders It should take about 10 minutes for allrepparttar 141702 guests' Order Forms to be completed. As soon as you have gathered allrepparttar 141703 orders and remittances, it's time to awardrepparttar 141704 Host her free gift if your program is set up for it. In some cases you won't actually haverepparttar 141705 gift with you since some companies suppliythe incentives gift free of charge based on party performance. However, you can still make it a point to present her with a certificate. Note: Make sure you do this beforerepparttar 141706 gusts leave. It's a strong incentive to host a party.

Getting Paid: Be prepared to accept cash payments (have some change on hand) along with checks. Many guests will probably want to write a check, so be sure they makerepparttar 141707 check out to you or your company's name, whichever you prefer. Since most guests are well known torepparttar 141708 party host, you don't need to worry too much about "bouncing" checks. If a problem comes up, it will be easy enough to contact that guest and let them know their check didn't clear.

Policy Tip: You might want to hold off on ordering merchandise until each check has cleared. Of course, if you have a merchant account you can accept credit card payments as well.

How To End The Show After allrepparttar 141709 orders have been taken and you've signed up some future . hosts, run through this checklist:

1. Each guest should have a copy of his or her completed order form. 2. Give all future hosts their Open House Host Guides. 3. Get names and addresses of guests who had solid reasons for not booking shows immediately. They are still good future prospects, and excellent names for your mailing list. 4. Be sure all display samples are back in boxes and all packed up.

Good Practice: Make it a point to visit or callrepparttar 141710 Hostrepparttar 141711 following day to express your appreciation for their hospitality.

Darren Hendricks has been involved in marketing in one form or another since 1979. He has owned or co-owned 3 successful companies. He is currently owner of Far Horizons Home Based Business Program


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