An EIN number is a key part of owning a business. There are several big reasons why you need an EIN number for your company. The same way a U.S. Citizen has a Social Security Number so the government can identify them for tax purposes, companies have EIN’s for the same reason. Furthermore, an EIN allows the IRS, financiers, banks, and other institutions to separate your personal finances from your business’. Also, without an EIN (Employer Identification Number) you won’t be able to hire any employees!
Now, let’s take a deep dive into what it takes to get an EIN Number:
1. First, you must incorporate a LLC or corporation
This includes paying registered agent fees, incorporation fees, and any other fees you may be required to pay like mail forwarding, Service Charges etc.
Once you receive you LLC formation documents, you can proceed to the EIN ⬇️
2. Choose the correct way to apply for your EIN
If you have an SSN: Proceed to this website and start filling out the form
If you do not have an SSN: contact us (IT CAN TAKE FROM 4-40 DAYS)
3. Once you have the correct method, this is all key the information you will need:
Legal Name of Entity (Company)
Address of the Entity
Name of Responsible Party and SSN (if they have one)
Date business started
Closing month of accounting year
Description of your business
4. Once you fill all this out, if:
You have an SSN: Click apply and receive your EIN almost right away!
You don’t have an SSN: contact us