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If your LLC or corporation does business of any kind, you will need to obtain an EIN. All corporations must have a federal tax ID number to do business, and there are only rare situations (a holding company that does not pay tax of any kind) where an LLC wouldn’t need an EIN. Your tax ID number will be required to fill out payroll reports, pay taxes, open a business checking account, etc. However, a sole proprietorship with no employees that doesn’t file any excise or pension plan tax returns doesn’t need an EIN. In this instance you would simply use your social security number in place of the EIN.
An EIN, also known as a Employer Identification Number, is a number assigned to a corporation or LLC by the IRS for purposes of taxation. Think of the EIN as a Social Security Number for your business. Most banks require that you obtain a EIN as a prerequisite to opening a bank account regardless of whether your company will have employees.
Keep it simple and hire Crop Filing Express to incorporate your business, and we’ll acquire your EIN in 24 hours or less. When you order our Sprinter of Finisher plans, EIN obtainment is included. However, if you want to acquire an EIN yourself, you can do so for free. Simply visit the IRS website, complete a questionnaire, and if you have a US social security number you’ll have your EIN for free in about 10 minutes. You can also find IRS form SS-4 here. You can mail or fax the form in old school style if you wish, but filing online or hiring Crop Filing Express to obtain your EIN is definitely the fastest and most efficient way. If you are a not a US citizen or do not have a social security number, the process can be much more time consuming.
No, you don’t need an SSN to obtain an EIN.
An SSN and an EIN are uniquely-identifying numbers that fall under the umbrella term Taxpayer Identification Number (TIN), and the SSNs are meant for individuals while the EINs are usually meant for entities. An EIN doesn’t necessarily depend on an SSN.
An Individual Taxpayer Identification Number (ITIN) is a tax-related business identity number for your business, and is issued by the IRS usually to individuals who aren’t able to get SSNs. The form W-7 is used to apply for an ITIN. An ITIN is required for those who aren’t eligible for an SSN but must file a US tax return. Using an ITIN will simplify the process for obtaining an EIN.
Non-US citizens without a taxpayer ID, such as an SSN or ITIN, cannot apply for an EIN using the IRS’s online form. Instead, they will need to apply for an EIN from the IRS by mail or fax (form SS-4) or telephone. Applying for an EIN by telephone is an exclusive method for international applicants. If filing by phone, it’s a good idea to fill out the SS-4 form before calling to ensure you have all the required information ready.
For an affordable fee, Crop Filing Express can obtain your company’s EIN, even when you don’t have an SSN or ITIN, if you use our incorporation service. Sign up today!
La gente de Corp Filing Express no solo son los mas confiables sino los mas seguros “socios” estratégicos que puedes tener no solo para registrar tu empresa en Estados Unidos sino también después para operarla y lo mejor es que ellos siempre estarán a tu lado solo a la distancia de un click.