Listen "Business License Regardless of Status "
Episode Synopsis
In this episode we talk about business licensing and some of the steps our host have taken to navigate through the licensing process. For many starting up seems out of reach due to barriers that undocu folks face, in this episode we talk about ways to navigate through the process regardless of your status.
Can undocumented people acquire licensing?
-All immigrants regardless of immigration status are able to earn a living as independent contractors, or start a business using an ITIN or SSN.
- ITINs allow individuals ineligible for an SSN to (1) report their earnings to the IRS, (2) open interest-bearing bank accounts with certain banks and, (3) conduct business in the U.S.
Resources:
ITIN, EIN and Taxes (Guide by Immigrants Rising)
IRS EIN link
Starting a Business In Colorado
Can undocumented people acquire licensing?
-All immigrants regardless of immigration status are able to earn a living as independent contractors, or start a business using an ITIN or SSN.
- ITINs allow individuals ineligible for an SSN to (1) report their earnings to the IRS, (2) open interest-bearing bank accounts with certain banks and, (3) conduct business in the U.S.
Resources:
ITIN, EIN and Taxes (Guide by Immigrants Rising)
IRS EIN link
Starting a Business In Colorado
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