Now that you are registering a new business, its likely that you will need an Employer Identification Number (EIN).
This guide is particularly created to help you on how to get an EIN for your startup. As a business operating in the state, you are required to process this as it is important for tax purposes.
Also known as the Federal Tax Identification Number, your Employer Identification Number is a 9-digit code that identifies your business as a legally operating entity. Your EIN is the Corporate counterpart to a social security number.
As mentioned, this is used for tax purposes specifically this number is used by the IRS to monitor the various tax returns that your business has to comply.
Filing Fee: $0
There are several ways to obtain an EIN for your business. You can only choose to file one of either of the methods.
The easiest and quickest way to obtain an EIN is through online application. To apply for an EIN online, you to the IRS website and fill out the application form. Make sure to fill out all the necessary entries correctly and submit it. After your application has been validated, you will immediately receive your EIN.
A fax application for your EIN can be done. First off, you need to download the SS-4 form and fill it out. Afterwards, you can fax the form to 859-669-5987. When you send in your form, make sure to include your fax number as well so your EIN can be sent to you. It takes four business days to wait for EIN through fax application.
To apply through phone call, call the IRS toll-free number at 1-800-829-4933. Ready all the information about your business as you will be continually asked questions when you make the call. You can phone in anytime between 7:00 AM and 10:00 PM. As soon as the call ends, you will have your EIN.
For postal mail application, fill out your SS-4 form, double check it, and send it to this address:
Internal Revenue Service Center
Attn: EIN International Operation
Cincinnati, OH 45999
Disclaimer: Note that this article is an informational guide only. It should not be taken as a legal advice nor is it a substitute for one. You should refer to your lawyer for taxation and legal questions or if you are confused about the process of starting a business.