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An LLC requires a Federal Tax Identification Number for business purposes. While there are exceptions, if you`re opening a business bank account or planning to hire employees, you`ll need an EIN. To make your life easier and take one less task off your to-do list when you start your new business, you should contact a legal document firm that can do it for you hassle-free, hassle-free. Define your business type before requesting an EIN. For example, if you intend to operate your new business as an LLC, create the LLC before applying for an EIN. You can apply for an EIN directly from the IRS, or you can use an independent service to complete the process for you. If you are a limited liability company (LLC), you must apply for a Federal Tax Identification Number or Employer Identification Number (EIN) for tax purposes. This nine-digit number is similar to a Social Security number and is issued by the Internal Revenue Service (IRS). It`s easy to get and requires nothing more than filling out a one-page form. An EIN identifies an entity for IRS purposes. Once secured, the EIN is used to secure commercial banking, apply for the necessary licenses and permits, and file business tax returns. An Employer Identification Number (EIN) is mandatory for some companies and optional for others.

But in general, an EIN is needed for independent contractors and small business owners. Understanding who should apply and what benefits you get with an EIN can give your business a real advantage. Similarly, you apply for and receive a federal tax identification number under the official name of your company. In the case of a sole proprietorship, this is the full legal name of the owner. Boni Peluso is an award-winning creative director and content strategist who has written extensively for legal, healing and. Read More There are several ways to apply for an EIN. The fastest is the free IRS online app. You will receive your EIN immediately after completing and submitting the form. You can also fill out Form SS-4 and send it to the IRS by fax or mail. If you apply by fax, you will receive your FAX NUMBER within four business days. If you apply by mail, it can take four weeks.

International applicants can only apply for an EIN by phone or mail. Even if you are not required to obtain an EIN for your LLC, your LLC could benefit from having one. For example, most banks require LLCs to provide an EIN to open a bank account. You can apply for an EIN, although you are not required by the IRS to have one. It cannot be saved for future revisions, so take your time to fully answer all the questions. For those who prefer to apply by phone, contact the IRS at (800) 829-4933 and select EIN from the list of options. Our attorneys continually maintain our documents to be up to date with the latest legal requirements in each state. Eduard A. Haman is a freelance writer and the author of numerous self-help law books.

He practiced law in Hawa. Read More In a way, an EIN is one of the best kept secrets in the business world. Surprisingly, the app for one isn`t on every contractor`s to-do list. An EIN makes things easier: To apply for an EIN, you must file Form SS-4, Application for an Employer Identification Number (EIN) with the IRS. Submissions can be made online, by fax or by mail. Thanks to the online deposit, you will immediately receive an EIN. Fax submission takes approximately four days and mail submission approximately four weeks. The IRS uses EINs to legally separate a business entity from its individual owners or owners. An EIN identifies the company`s tax account as an SSN identifies the tax account of an individual taxpayer.

The IRS requires most businesses — businesses, partnerships, most LLCs, and some sole proprietorships — to use an EIN. Only ignored businesses – those that the IRS does not legally distinguish from the business owner – can report their taxes to an SSN, not an EIN. If you have employees, the IRS requires you to use an EIN. This also applies to independent entrepreneurs and freelancers working in the gig economy. Sole proprietors and limited liability companies (LLCs) that do not have employees can file taxes with an NSS. You don`t need to have an ON. However, it can still be beneficial for you to have an ON, even if it is not necessary. It allows you to keep your business and personal tax information separate, and it allows you to open a business bank account. Both make it easier for you to track your company`s income and expenses. If you make changes that cause your LLC not to be classified as an unaccounted entity, you will also need to apply for an EIN.

For example, if you add a member to your LLC so that it is no longer a single-member LLC, you must obtain an EIN. The fastest turnaround time is the online application at Once the EIN application form is completed, the information is validated and an EIN is issued immediately. Be sure to save and print the confirmation notification for your business records. The IRS requires certain business units — including LLCs and certain sole proprietorships — to request and use an EIN. How do I get a Federal Tax Identification Number? Specific to the EIN, you have the option to request the following: A one-person LLC is only required to obtain an EIN if it has one or more employees or is subject to excise duty obligations. However, you may still find it advantageous to have an EIN for your LLC. Whether you need an EIN or an EIN for a reason unrelated to the IRS, requesting an EIN for your LLC is a simple process. In addition, an EIN viewfinder does not need to be American. Nationals, foreign candidates can not apply online.

U.S. citizens can apply for an EIN via an online application.