Starting a business involves several important steps, one of which is obtaining an Employer Identification Number (EIN). An EIN is a unique identifier assigned by the Internal Revenue Service (IRS) to businesses operating in the United States. It is used for tax purposes and is essential for hiring employees, opening business bank accounts, and filing tax returns.
How to get a business EIN number? To obtain a business EIN number, you need to apply through the IRS. The process can be completed online, by mail, fax, or telephone. The online application is the most efficient method, allowing you to receive your EIN immediately upon completion. For mail or fax applications, the process may take up to four weeks. Ensure you have all necessary information, such as your business name, structure, and the Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) of the responsible party.
Steps to Apply for an EIN Online
Applying for an EIN online is straightforward. Visit the IRS website and navigate to the EIN application page. The application is available Monday through Friday from 7 a.m. to 10 p.m. Eastern Time. You will be guided through a series of questions about your business, including its legal structure and the reason for applying for an EIN. After completing the application, you will receive your EIN immediately.
Other Methods to Apply for an EIN
If you prefer not to apply online, you can apply for an EIN by mail, fax, or telephone. For mail applications, download Form SS-4 from the IRS website, fill it out, and mail it to the address provided on the form. For fax applications, complete Form SS-4 and fax it to the appropriate number listed on the form. If you are an international applicant, you can apply by telephone by calling the IRS at 267-941-1099. Telephone applications are available from 6 a.m. to 11 p.m. Eastern Time, Monday through Friday.
Obtaining an EIN is a crucial step in establishing your business. It not only helps you comply with tax regulations but also facilitates other essential business activities. Be sure to keep your EIN in a secure place, as you will need it for various business transactions and filings.