Question

Denzel is checking his state's government website regarding applying for a tax ID number for his business. What would be the determining factor for obtaining a tax ID number or employer identification number (EIN)?

a. Professional representation
b. Legal capacity
c. Structure of business ownership
d. Contractual obligation

Answer 1

The determining factor for obtaining a tax ID number or EIN is the structure of business ownership.

Step-by-step explanation:

The determining factor for obtaining a tax ID number or EIN (Employer Identification Number) is the structure of business ownership. When applying for a tax ID number, Denzel will need to provide information about the ownership structure of his business, such as whether it is a sole proprietorship, partnership, or corporation.