Form a Corporation today
A Washington DC corporation protects the shareholders' assets by being a separate entity all together. It is always best to obtain an EIN for this reason. The corporation files a separate tax return from its owner. Corporations are required to hold annual shareholder meetings as well as filing annual reports. Fees depend on the state in which you file in.
Protecting yourself by forming a corporation is what many people are doing these days. It is too much of a risk to operate in times like this. Protecting yourself will provide you with insurance from people suing you for injuries from your product.
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