Employer Identification Number (EIN)

The IRS uses an EIN to identify taxpayers for many reasons: Do you have, or will have, employees? Is your business a corp or LLC?And more...Read more below, but if you're ready, click on "Order Now" and we'll get started with your paperwork.

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MyCorporation files the necessary forms for businesses needing an employer identification number (EIN).

An EIN is a federal identification number issued by the IRS to identify a business entity. EINs are also known as a Federal Tax ID number. Legally, you are required to identify your business with one of two numbers: either your social security number or an employer identification number.

Generally you need an employer identification number when your business:

  • Is new
  • Hires, or will hire, employees
  • Is an LLC or Corporation
  • Opens a bank account
  • Changes type of organization

If you are a sole proprietor, your social security number can be used on all of your government forms and other official documents, but most small business advisors recommend that you apply for an EIN for these official documents.

Furthermore, most banks require an employer identification number in order to open a business bank account. If you are ready, our business filing experts can help you get started with your paperwork.

The business filing experts at MyCorporation can help save you time and eliminate the hassle of obtaining your EIN. We are here to support you during the filing process:

  1. Fill out and submit the Federal Employer Identification order form on our website.
  2. You will find requests for standard contact, billing, and authorization information, plus specific requests regarding whether or not you want us to obtain your EIN, or simply prepare the tax form for you. Plus, there are general entity type questions and reasons for applying.
  3. We will prepare and forward to you the IRS Tax Form SS-4 necessary to apply for an EIN. Please sign and return to us.
  4. If you requested that we obtain your EIN, we will work with the IRS directly to obtain your number. We will then forward the number to you.
  5. If you requested that we prepare your SS-4 Form only, then you must submit the form and contact the IRS to obtain the EIN number.

Please note: MyCorporation cannot obtain an EIN until your entity formation is completed and all the necessary paperwork has been filed with the state. As soon as the state has confirmed your formation, we will begin the EIN document filing process.

Q: What is an EIN?
A: An EIN is a federal tax id number issued by the IRS to identify a business entity (similar to a social security number being issued to identify an individual, except that an employer identification numberf is used to identify a business entity instead of a person).

Q: What is an EIN?
A: An EIN is usually necessary when an applicant:

  • Starts a New Business
  • Hires (or Will Hire) Employees
  • Is an LLC or Corporation
  • Opens a Bank Account
  • Changes Type of Organization
  • Purchases an Ongoing Business
  • Creates a Trust or Pension Plan
  • Is a Withholding Agent for Taxes
Q: Do you need an EIN?
A: If the answer to any of the following questions is "YES" then you should obtain an EIN:
  • Do you have employees?
  • Do you operate your business as a corporation or a partnership?
  • Do you file any of these tax returns: Employment; Excise; or Alcohol, Tobacco and Firearms?
  • Do you withhold taxes on income, other than wages, paid to a non-resident alien?
  • Do you have a Keogh plan?
  • Are you involved with any of the following types of organizations?
    • Trusts
    • Estates
    • Real estate mortgage investment conduits
    • Non-profit organizations
    • Farmers' cooperatives
    • Plan administrators

Q: What happens if a business entity does not obtain an EIN?
A: Legally, you are required to identify your business with one of two numbers: either your Social Security Number or an EIN (Employer Identification Number, a.k.a. Federal Tax ID Number). If you are a sole proprietor, your Social Security Number can be used on all of your government forms and other official documents, but most small business advisors recommend that you apply for an employer identification number and use the EIN number instead. If you are a corporation, LLC, or other state-level entity, you must obtain an EIN because your business is an entirely separate legal entity. Furthermore, banks require an EIN in order to open a business bank account.

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