In the business world, we use something called an EIN number, short for Employer Identification Number. This special number helps the government, banks, investors, and others easily tell apart your personal finances from those of your business.
In this blog, we will explain how you can get your EIN in 4 simple steps!
Here is how to get your EIN:
- Set up Your LLC or C-Corp: To get started, you'll need to establish your LLC or corporation. This involves taking care of registered agent fees, incorporation fees, and any other necessary payments. Once you have all your LLC formation documents in hand, you can move on to the next step.
- Applying for Your EIN: Depending on whether you have a Social Security Number (SSN) or not, there are different paths to follow:
- If you don't have an SSN, you can download the SS-4 form directly from the IRS website.
- If you have an SSN, visit this website and begin filling out the required form.
- Gather the Essential Information: Regardless of the path you take, you'll need to provide some key information:
- The legal name of your business entity
- The official address of your business
- The name and the responsible party along with their SSN (if applicable)
- The date your business started
- The closing month of your accounting year
- A brief description of your business
- Submit Your Application: Once you've filled out all the necessary details:
- If you don't have an SSN, you'll need to fax the completed form to the IRS and patiently await their processing.
- If you have an SSN, simply click "apply," and you'll receive your EIN almost immediately.
These steps will help you obtain your Employer Identification Number (EIN) smoothly and get your business up and running easily.
Here’s How We Can Help
We know it may sound confusing but we're here to assist you with everything you need.
At Incunit, we can help you set up your LLC or C-Corp and apply for your EIN effortlessly. Just click here to begin! Leave the heavy lifting to us.
