An Employer Identification Number (EIN) is a unique nine-digit identifier assigned by the Internal Revenue Service (IRS) to businesses and other entities in the United States for tax purposes. It is often referred to as a Federal Tax Identification Number.

Obtaining an EIN is necessary in several situations, such as when you:

1. Start a new business or form a corporation or partnership.
2. Hire employees, even if you operate as a sole proprietorship.
3. Establish a trust, estate, or non-profit organization.
4. File certain tax returns, such as employment or excise tax returns.
5. Plan to open a business bank account or apply for credit.

It is important to note that some individual business owners who operate as a sole proprietorship may not need an EIN. They can use their Social Security Number (SSN) for business tax purposes.

However, obtaining an EIN can be advantageous for various reasons, including privacy and separating personal and business finances.

Applying for an EIN is a straightforward process and can be done online, by mail, or by fax. The most convenient method is the online application provided by the IRS. You will be required to provide information about your business, such as its legal name, structure, and intended use of the EIN.
Once obtained, the EIN is associated with the specific business entity and remains valid indefinitely. However, certain changes in the business, such as a change in ownership or structure, may require a new EIN.

For a one-time $75 fee, we will apply for your EIN for you!