An employer identification number (EIN), also known as a federal tax identification number, is required by the IRS and used to file business taxes, hire employees, open a business bank account, and meet compliance requirements.
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Avoid having to navigate complicated IRS rules and processes on your own. We make it easy for you by filling out your EIN application, based on your answers to a few questions.
Enjoy a more effortless, stress-free process. We’ll facilitate the filing of your EIN application directly with the IRS, so you don’t have to worry about meeting all the IRS requirements.
No need to manage the approval period with the IRS. We’ll handle the approval process and send you the official documentation, complete with your confirmed identification number.
Answer a few basic questions online to give us the required business info.
Using your business info, we’ll fill out an application for you and file it directly with the IRS.
Once your application is approved, we’ll send you official documentation with your confirmed identification number.
Even if your particular business isn’t required to have an employer identification number, there are still important benefits to having one.
An EIN helps organize business taxes separately from personal taxes, simplifying the process and avoiding late penalties or incorrect filings. Having an EIN also helps reduce the likelihood of an IRS audit, by demonstrating you actually have a business.
Having an EIN is required if you plan to hire employees. It allows you to withhold payroll taxes and report required employee information to the IRS.
You’ll be able to use the EIN number instead of your Social Security number with clients or vendors. You can keep your personal and business finances separate, which helps prevent identity theft.
Many banks require businesses to have an EIN to open a bank account. An EIN is also crucial for establishing a credit history and can help with getting business loans.
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An EIN is often legally required to avoid potential tax penalties. It may also be required for your federally mandated Beneficial Ownership Information Report.
Having an EIN shows you’re serious about your business, which helps boost credibility and build trust with vendors and partners.
An EIN can help you establish the financial infrastructure needed to hire employees and simplify the process of managing payroll.
A federal tax ID number is a unique 9-digit number that’s assigned to a business or organization by the Internal Revenue Service (IRS). It identifies your business for tax purposes and is formatted as: XX-XXXXXXX.
This number is generally necessary to pay your employees, open a business bank account, withhold taxes, complete W-9 tax forms as an independent contractor, or pay taxes.
EINs are issued by the IRS and used on federal tax forms. Once your business has been assigned an EIN, it never expires and can never be reissued to another business.
When it’s mandated by the IRS, you don’t have a choice. But even when it’s not required, an EIN makes it easier to do the following:
An EIN helps keep your personal and business finances separate. It reserves your Social Security number for personal needs and helps keeps identity thieves from accessing your personal assets.
This varies by state, but many states require an EIN before you can be licensed to conduct business.
The federal government requires that businesses file a Beneficial Ownership Information Report (BOIR), which requires an EIN.
Many banks require a federal tax identification number to open a business bank account, which is generally required in order to apply for loans.
An EIN is absolutely required if you have employees, and you can’t set up your payroll system without one.
If you are required to have an EIN and don't have it before you file your taxes, you could open yourself up to all kinds of tax penalties.
Boost credibility An EIN shows a formal commitment to your business and that it’s legitimate. It helps you build trust with vendors and partners, who may want to check your business credit before working with you.
Getting an EIN comes with all these benefits and virtually no drawbacks. It never expires or gets reassigned, even if you never use it.
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Generally only allowed for sole proprietorships and single-member LLCs with no employees
Leaves your personal info vulnerable to potential theft, since you’d be using your SSN for both business and personal taxes
May need to fill out paperwork explaining to the IRS why you don’t have an EIN
Generally only allowed for sole proprietorships and single-member LLCs with no employees
Leaves your personal info vulnerable to potential theft, since you’d be using your SSN for both business and personal taxes
May need to fill out paperwork explaining to the IRS why you don’t have an EIN
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To secure your own EIN, you’ll need to navigate the IRS rules and process, meet the requirements to apply directly, and manage the approval period.
You’ll need to fill out an application, also known as an SS-4 form, and you must be a “responsible party.” The IRS defines a responsible party as the owner or individual who exercises effective control over the entity.
Lorem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing. Rem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing.
Lorem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing. Rem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing.
Lorem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing. Rem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing.
Lorem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing. Rem ipsum dolor amet consecte tur. Quis gravida eget diam urna habitant adipiscing.
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