LIMITED LIABILITY COMPANY (LLC) | EIN APPLICATION
An LLC combines characteristics of both Corporations and Partnerships. With that said, the limited liability or protection feature is similar to that of a corporation but the taxation passes to the individual. Moreover, the great flexibility of an LLC is that can be elect to be taxed as an individual, partnership, S Corp. or C. Corp. Any type of entity can form an LLC, including individuals and corporations.
WHAT IS AN EIN NUMBER?
The Employer Identification Number (EIN), also known as the Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number (Tax ID Number), is a unique 9 digit number assigned from the IRS. The digits of an EIN are formatted as follows: XX-XXXXXXX. Entrepreneurs and business use an EIN to conduct business activities that would otherwise require a Social Security Number (SSN).
DOES AN LLC NEED AN EIN?
- Open bank accounts
- Hire employees
- Obtain Business Licenses and Permits
- Open a business checking account and apply for business credit
- Keep your privacy and reduce your chances of identity theft by not providing your Social Security Number
- File business taxes at a federal, state and local level
HOW TO GET AN EIN NUMBER FOR AN LLC:
Apply now and obtain an Employer Identification Number (EIN) by filling out the EIN Online Application form. It is Easy, Fast and Secure. After you complete the online process you will receive your EIN together with important information within 1-2 business days.