Obtain a Federal Tax ID / EIN For Your Business Today
Benefits of Getting an EIN With LLC Formations
- Separate Your Finances
- Open Business Bank Account
- Hire New Employees
- Protect Personal Assets
- Build Business Credit
- File Taxes For Your Business
- Maximize Business Tax Deductions
- Hassle Free Application
- Amazing Customer Support
Applying for a Free EIN quickly and easily
When starting a business applying for and receiving an EIN is one of the first steps during the formation of the company and it can seem a little complicated but the process can be completed for free in a few minutes of time with the right preparation. There are several companies that offer to complete this process for you but paying someone to do this is not required or necessary and can be done easily by any person needing an EIN number. Some of the basic information required to apply for an EIN number include the name and tax identification number (such as SSN, ITIN, or EIN) of the principal partner in the business or any partners or co-owners identification information.
Like any process, there are some steps to consider prior to applying for an EIN which will help the process go quickly and smoothly. For example, if your company is applying for tax-exempt status, you must confirm that your tax-exempt company is legally formed prior to applying for the EIN number. If your venture is forming an LLC you must have completed the LLC process prior and received confirmation of acceptance prior to filing for an EIN number. The IRS requires business information such as the date the LLC was formed and a legal business name for the application. If you apply for an EIN number before the LLC information is finalized your business name could be rejected which in turn invalidates your EIN number. An invalid EIN number will then require you to apply for a new EIN number. When a company changes the structure or has been purchased by another company a new EIN application will also be required. The IRS puts a limit on the number of times a party can apply for an EIN daily which would be one application per day.
How To Get An EIN
There are four different ways a company can apply for an EIN number with some being quicker than others. Each way has its own process depending on how much support you are looking for when completing the application. The easiest and most efficient way to apply for an EIN number is through the website www.irs.gov with the online application. You can scroll to the bottom of the IRS homepage to click a button to apply. The IRS also has a dedicated link to the application called IRS EIN located here. The IRS provides a basic interview-style form to gather the needed information efficiently with 10-15 questions that must be answered. You are presented with the following options to help categorize your application: Individual/Sole Proprietor, LLC, Estate of Deceased Individual, Trust, Non-Profit Organization, C-Corporation, Partnership, Church Organisation, and Personal Service Corporation, or Single-Member LLC.
The process is so quick and easy once you have completed your application and the IRS validates the information you have submitted for the EIN number it is approved almost immediately. The EIN number is given to you after the completion and approval. When using the IRS service it provides help topics and keywords and definitions to help with the understanding of the application. The online application is for businesses, an office or agency, or anyone located legally in the United States or territory of the United States. The primary person applying for an EIN number must have a valid Social Security number, an EIN number of their own, or an ITIN number in order to apply with the online application.