I've registered my business as a single-member LLC in Ohio, and now I'm applying for an EIN so I can open a bank account for the business. In the online application, it asks if I will be paying employees and withholding money for taxes in the next 12 months. It also asks when is the first date that wages or annuities will be paid. This leads me to two problems:
1) I'm not exactly sure when I will start paying my employees because I don't have a set date of "opening our doors". It will probably be within the next 12 months, but I don't know for sure, and I don't know which month will be our opening month (when I start paying employees).
2) During the "startup" months when we are not open and I am not paying employees, I have set aside a small amount of money to pay myself for the work I'll be doing to prepare the business to be opened. In other words, I'll be working so much on getting the new business started that I won't have time for another job and will have no other source of income. Does this count as "paying my employees" if I'm paying myself? As the only member of the LLC, will I be paid as an employee? Will I fill out a W-2 for myself, or will I be self-employed and fill out a 1099?