If your business structure is a 世乒赛直播sole proprietorship世乒赛直播 without employees (and doesn’t file any excise or pension plan tax returns), then you are 世乒赛直播not required世乒赛直播 to get an Employer Identification Number (EIN).
Sole proprietors with employees 世乒赛直播are required世乒赛直播 to have an EIN.
A sole proprietor who is hiring employees should start thinking about when to form an LLC. Our sole proprietorship to LLC guide can help you decide when to take the next step in growing your business.
It's recommended that taxpayers get an EIN number in order to open a business bank account, build business credit, and lower the risk of identity theft.
Learn more about EINs for Sole Proprietorships.
If your business entity is a single-member LLC without employees (or excise tax liability), then you are世乒赛直播 not required世乒赛直播 to get an Employer ID Number.
Single-member LLCs 世乒赛直播are required世乒赛直播 to have an EIN if they have employees.
It’s still recommended (and sometimes required) to open a bank account, to hire employees later, and in order to maintain your corporate veil.
Learn more about EINs for Single-Member LLCs.
If your business structure is a partnership or multi-member LLC, you 世乒赛直播are required世乒赛直播 to get an EIN number because the LLC must file a 世乒赛直播partnership return 世乒赛直播and provide 世乒赛直播K-1s世乒赛直播 to members of the LLC.
Learn more about EINs for LLCs.
If your business structure is a nonprofit, you are required to have an Employer ID Number for tax reporting purposes.
EINs are used for specific types of trusts and estates under varying circumstances.
No matter what kind of business you have, it is usually a good idea to get an EIN number. Here are some advantages of having an EIN:
世乒赛直播Most banks require an EIN in order to open a business banking account.世乒赛直播
- A business bank account will simplify the process of tracking and managing your professional expenses.
- You can also build business credit and qualify for more loans.
世乒赛直播You will need an EIN before you can hire employees.世乒赛直播
- Employees will file their taxes separately under the LLC’s 1040 form.
- Employers need an EIN for an LLC to set up payroll, and the IRS will use the business’s EIN to track payroll taxes for taxpayers.
- An EIN number is necessary to register for your State's employer taxes.
世乒赛直播If you’re an LLC, an EIN helps you maintain your corporate veil.世乒赛直播
- The corporate veil protects business owners from personal liability for the business’s debts.
- Maintaining the corporate veil also establishes credibility and professionalism by allowing your business to have its own identity separate from its owners.
世乒赛直播An EIN will help to prevent identity theft.世乒赛直播
- Your Social Security number (SSN) will be more private.
- It’s less likely for someone to break into your accounts when you keep business finances and personal finances separate.
Read more about the 世乒赛直播benefits of getting an Employer Identification Number (EIN)世乒赛直播.
- What type of business do you wish to start? (LLC, Sole Proprietorship, Corporation, etc.)
- How many owners does your business have, and in what state is your business located?
- Why are you applying for an EIN?
- Who will be the “responsible party” or principal officer of the business?
In addition, you will need to fill out the name, SSN or TIN, and contact information of your business’s responsible party. If you have any further questions, you can also call the IRS customer service line by dialing (800) 829-1040.
世乒赛直播Do I need an EIN if I’m self-employed?世乒赛直播
You don’t need an EIN if you’re self-employed; you can simply use your Social Security number. However, some people who are self-employed choose to apply for an Employer Identification Number (EIN) instead of using their Social Security number to reduce the risk of identity theft; it’s less likely for someone to break into your accounts when you keep business finances and personal finances separate.
世乒赛直播Is there a difference between an EIN and a TIN?世乒赛直播
No, there is not a difference between an Employer Identification Number (EIN) and a Taxpayer Identification Number (TIN). Both refer to the nine-digit number issued by the IRS for your business.
世乒赛直播Is there a difference between an EIN and a FEIN?世乒赛直播
No, there is not a difference between an Employer Identification Number (EIN) and a Federal Employer Identification Number (FEIN). A FEIN can also be referred to as a Federal Tax Identification Number.
世乒赛直播How do I look up my EIN number?世乒赛直播
It is very easy to look up your EIN number, and there are several ways you can do so. First, the IRS will typically email or send a physical letter confirming your EIN application. You can also check business documents such as tax returns to find your EIN printed there.
If you are looking for an existing EIN number, use the instructions on our page: How to Look Up an EIN Number.
世乒赛直播How do I look up another business’s EIN?世乒赛直播
You can look up another business’s EIN by searching for the company on the Securities and Exchange Commission (SEC) EDGAR online Forms and Filings database.
世乒赛直播How do I recover my EIN if I forget or lose it?世乒赛直播
If you still aren’t able to find your EIN by checking for a confirmation email or letter, or by identifying it on your business documents, you can simply call the IRS EIN Department at 1-800-829-4933 to speak with one of their representatives. Their hours of operation are Monday-Friday from 7 a.m. to 7 p.m.
世乒赛直播What is the difference between an EIN and a DUNS number?世乒赛直播
An Employer Identification Number (EIN) is a nine-digit number issued by the IRS to keep track of a business’s tax reporting. The Data Universal Numbering System (DUNS) a nine-digit number issued by Dun & Bradstreet, a business analytics company; a DUNS number helps businesses create and identify their credit reports.
世乒赛直播Does a DBA need an EIN?世乒赛直播
A DBA doesn't need an EIN because a DBA is only a name for a business.
世乒赛直播Do I need an EIN for my LLC?世乒赛直播
LLCs need an EIN number when they hire employees.
世乒赛直播Do I need an EIN before or after I form my LLC?世乒赛直播
In most states you will need to form your LLC before getting an EIN. This is because the IRS will request your approved business name and business formation date on the EIN application.
You can learn more in our LLC before EIN guide.