Ss 4 employer identification number

State Organizations

Certain specific types of organizational structures also require an EIN. And getting an EIN comes with several benefits. Having an EIN number allows you to separate your business and personal finances and easily apply for business credit, open a business bank account, and work with suppliers without having to use your personal SSN. Ideally, you should apply for your EIN when you first launch your business, but you might also be applying in time for tax season or to submit a business loan application. The application process is free through the IRS, so be wary of companies who charge you to apply for an EIN on your behalf.

There are two basic requirements that must be met to apply for an Employer Identification Number:. Your principal business is determined by identifying the main income-generating activity that you do e. Just because you provide services outside of the U. As long as your primary business activities are in the U.

IRS Resources & Links

The person who submits the EIN application need not be the business owner. The applicant can be a partner or officer of the company.

Next, you have to choose how you want to apply for your EIN. You can apply online, by fax, or by mail. Applicants who are currently overseas and seeking to immigrate to the U. For all U. Fax applications take four business days to process. Mailed applications take four weeks. That way, you can ensure that you have all the required information ready, such as names, addresses, and the social security number of the responsible party. If you have a multi-member LLC, make sure you know the number of members. By reviewing and filling out Form SS-4, you can make sure you have all the information you need ready to go before you begin the online application process.

The EIN assistant walks you through the application process and provides links to help resources and other information. One of the main benefits of having an EIN is that you no longer have to provide your SSN to banks, credit card companies, and suppliers. You can provide your business EIN instead, which lowers the chances of identity theft. In addition, having an EIN helps you separate your business and personal finances, which is important for any entrepreneur.

State and Federal Taxation

And when doing business with a supplier, you will appear to be a more legitimate business if you can provide an EIN in lieu of a personal SSN. There are certain events that could happen in regards to your business which will require you to apply for a new EIN. These are some common situations where you need to apply for a new Employer Identification Number:.

If you lose or misplace your EIN number, no need to panic or run out and apply for a new one. They may also be called federal tax ID numbers. Like social security numbers, they never expire and are never reissued to another business. To receive an EIN, a business needs to be located in the U.

Step 4: Obtaining Your EIN - Starting a Nonprofit Organization in 5 Easy Steps

A wide variety of entities may apply for and be issued an EIN, from sole proprietorships to partnerships, LLCs, corporations, government agencies, non-profits, and other types of organizations. There are no size requirements or limitations, as far as employees are concerned. A sole proprietorship with only the owner as employee can request one, as can a multinational corporation or charity.

Businesses need an EIN to pay their federal taxes online, to file their annual tax return, and to issue payroll and tax documents to suppliers.

IRS Information

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  • Maine Corporations Division.
  • What Is Form SS-4? | Applying for an Employer Identification Number.
  • Apply for an Employer Identification Number (EIN).
  • What is an Employer Identification Number (EIN)?.
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