Emerging Enterprise Center Blog - Commentary and Analysis For Entrepreneurs and Startups

One of our partners, Rick Schaul-Yoder tells this story:   When you prepare an IRS Form SS-4 to apply for a taxpayer identification number for an entity formed in the United States, you must use a U.S. address on the form.  If you use a non-U.S. address, the IRS will issue a taxpayer identification number that begins with "98".  "98" numbers are issued to non-U.S. entities.  Having a "98" number will cause significant headaches.  If the entity doesn't have its own U.S. address, use a reliable "care of" address in the U.S.   Sample headache:  a large London-based investment manager... More