What’s an EIN Number? How to get an EIN for your LLC (3 ways) | LLC University®

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How to get EIN on-line ↓
How to get EIN by mail or facsimile ↓
How to get EIN without SSN or ITIN ↓ An EIN stands for Employer Identification Number and it is issued by the IRS to business entities, such as an LLC. Special offer: If you hire Northwest to form your LLC ( $ 39 + department of state fee ), they ‘ll get your EIN Number for $ 50.

federal Tax ID Number ( EIN ) : form an LLC ( 9/11 )Federal Tax ID Number (EIN): Form an LLC (9/11)
Watch this video on YouTube flush though it ’ mho called an Employer Identification Number, it doesn ’ thymine mean that you have to have employees. The EIN is just a type of Taxpayer Identification Number ( TIN ) that identifies your LLC with the IRS. An easy way to think of an EIN is that it ’ s like a “ social security number ” for your LLC. An EIN is like to a social security number in that it has 9 digits. To differentiate an EIN from an SSN ( 123-45-6789 ), there are 2 digits followed by a hyphen and then 7 more digits ( x : 12-3456789 ) .

EIN Synonyms

An LLC ’ mho EIN has many different names, but they all mean the lapp thing :

  • EIN Number
  • Employer ID Number
  • Employer Identification Number
  • Federal Employer ID Number
  • Federal Employer Identification Number
  • FEIN
  • Federal Tax Number
  • Federal Tax ID Number
  • Federal Tax Identification Number

What is an LLC ’ s EIN Number used for ?

EIN Numbers are used for :

  • All correspondence with the IRS
  • Deposits and payments for federal taxes
  • Opening an LLC business bank account (checking, savings, or investment accounts)
  • Filing tax return and other documents (federal, state, and local)
  • Handling employee payroll (if applicable)
  • Obtaining business lines of credit or business loans
  • Obtaining credit cards in the name of the LLC
  • Applying for business licenses

Wait for LLC Approval

Important:
Wait for your LLC to be approved by the state of matter before applying for your EIN. otherwise, if your LLC file is rejected, you ’ ll have an EIN attached to a non-existent LLC. Exception to the rule:
If you are forming a Louisiana LLC or a West Virginia LLC, things are a little backwards ( make sure to follow our lessons bit-by-bit ). You ’ ll necessitate to confirm your LLC name handiness first, then get your EIN from the IRS, and then file your Articles of Organization with the state .

Applying for an EIN for your LLC is release ( $ 0 )

Applying for an EIN for your LLC is wholly spare. The IRS doesn ’ triiodothyronine charge anything for applying for an EIN .

Don ’ thymine have an SSN or ITIN ?

I made a mistake in the video recording above. I said : “ If you are a foreign national you will need to use your ITIN. If you don ’ t have your ITIN, you will first indigence to apply for your ITIN before applying for your EIN. ” This is not true. Apologies for the confusion. We now have better information from the IRS about how to get an EIN without an SSN or without an ITIN. If you have a foreign-owned LLC, you can still get an EIN without an SSN or ITIN. You equitable can ’ thyroxine apply for your EIN on-line. alternatively, you ’ ll need to mail or fax Form SS-4 to the IRS. We have instructions hera : How to Apply for EIN without an SSN or ITIN .

EIN Phone Application

Note: The video above besides explains how you can get an EIN by earphone. This is nobelium long the case. The IRS has discontinued this service. The only businesses that can get an EIN by call are nontaxable Organizations ( like non-profits ) and Foreign Companies ( companies formed or organized outside of the United States ) .

EIN for Husband and Wife LLC

If you have a 2-member LLC owned by husband and wife, and are located in a community property state, you can elect a special form of tax income called a “ Qualified Joint Venture LLC “. A Qualified Joint Venture with the IRS allows your conserve and wife LLC to file taxes as a Sole Proprietorship rather of a Partnership. This can save you time and money in account and tax costs. There may be extra benefits to obtaining Qualified Joint Venture condition with the IRS and this is a conversation you ’ ll want to have with an accountant. Please see our full article here : Qualified Joint Venture ( Husband and Wife LLC )

EIN Responsible Party for LLC

The EIN Responsible Party is the person that goes on charge with the IRS when you apply for an EIN for your LLC. think of the Responsible Party as the LLC ’ s “ touch person ”. This is the person the IRS will send mail and correspondence to .

If you have a Single-Member LLC :

You will be the EIN Responsible Party .

If you have a Multi-Member LLC :

One of the LLC Members will be the EIN Responsible Party. The IRS just wants one EIN Responsible Party. They don ’ thymine want all the LLC Members information. The IRS gets the other Members ’ data when you file your 1065 Partnership return and issue K-1s each year. Although any LLC Member can be listed, the person listed will take on the province of making certain the LLC ’ sulfur taxes are handled properly .

If your LLC is owned by another company:

The IRS made changes in 2018 that no longer allow an EIN Responsible Party to be a company. The EIN Responsible Party must be an individual person. So it ’ randomness best to list one of the person owners of the parent company. note : If you have an LLC that is owned by another company and you try to get an EIN on-line, you ’ ll just get an error message at the end of the application.

Learn more:

To learn more about who can be the EIN Responsible Party for your LLC, please see EIN Responsible Party for LLC .

LLC taxed as a Corporation

By default, an LLC is taxed based on the number of Members ( owners ). And “ by default ” means the LLC doesn ’ thyroxine elect to be taxed as a Corporation ( either a C-Corporation or an S-Corporation ). alternatively, the LLC is barely taxed in its default condition. ( relate article : how are LLCs tax ) The default tax status for a Single-Member LLC is a Disregarded Entity, meaning if the LLC is owned by an individual, the LLC is taxed like a Sole Proprietorship. If the LLC is owned by a company, it is taxed as a branch/division of the parent party. The default option tax condition for a Multi-Member LLC is Partnership, meaning the IRS taxes the LLC like a Partnership. If alternatively, you want your LLC to be taxed as a C-Corporation, you ’ ll first practice for an EIN and then late charge shape 8832. If you want your LLC taxed as an S-Corporation, you ’ ll foremost apply for an EIN and then late file mannequin 2553. If you choose to have your LLC taxed as a C-Corporation, make sure you speak with an accountant as there are a lot of details you need to consider. Having an LLC taxed as an S-Corporation is a much more democratic choice than having an LLC taxed as a C-Corporation. S-Corporation tax normally makes smell once an LLC generates about $ 70,000 in net income income per year .

How to apply for an EIN for your LLC

Below you will find 3 different sets of instructions :

1. If you have an SSN or ITIN, use the online EIN application

We recommend applying for an EIN on-line for your LLC if you have an SSN or ITIN. This is the easiest filing method acting and has the fastest blessing time. We have instructions here:
How to apply for an EIN on-line

2. If you apply for an EIN online, but you get an error message

If you have an SSN or ITIN, apply for an EIN on-line, but you get an mistake message ( called a mention number ) at the end, you will need to mail or fax Form SS-4 to the IRS rather. We have instructions here:
Apply for EIN for LLC with Form SS-4

3. If you don’t have an SSN or ITIN

If you don ’ t have an SSN or ITIN, you can distillery get an EIN for your LLC. You just can ’ triiodothyronine apply for an EIN on-line. You will need to mail or fax Form SS-4 to the IRS. You must besides fill the form out a certain way ( on course 7b ) in order to have your EIN approved. We have instructions here:
How to get an EIN without an SSN or an ITIN

EIN Confirmation Letter (EIN Approval)

once the IRS issues an EIN for your LLC you will receive your official approval, known as an EIN Confirmation Letter (CP 575). The method in which you applied for an EIN will determine how you receive your EIN Confirmation Letter. If you apply for an EIN online:
You ’ ll be able to download a PDF imitate of your EIN Confirmation Letter at the end of the on-line application. There is no waiting time. The IRS will besides send you a double replicate in the mail in about 4 to 5 weeks. If you send Form SS-4 by fax:
The IRS will fax you back your EIN Confirmation Letter within 4 to 7 business days. If you send Form SS-4 by mail:
The IRS will mail your EIN Confirmation Letter within 4 to 8 weeks. Here is what the EIN Confirmation Letter for an LLC looks like: EIN Confirmation Letter (CP 575) for LLC

How to Cancel an EIN?

If there was a mistake with your first EIN application or you need to cancel your EIN Number for any reason, you just need to mail a cancellation letter to the IRS. We have instructions here : how to cancel an EIN. You don ’ t have to wait for your EIN cancellation to be finalized before getting a fresh EIN for your LLC .

LLC Business Bank Account

After getting your EIN, you can then open a divide business bank history for your LLC. Banks normally ask for the following documents to open an LLC clientele bank score :

  • EIN Confirmation Letter
  • LLC Approval (stamped and approved Articles of Organization, Certificate of Organization, or Certificate of Formation)
  • LLC Operating Agreement
  • Driver’s License and/or Passport

aside from the above, banks may besides require other paperwork ( like proof of address ), so we recommend calling a few banks ahead of time before going in. It ’ s besides a good mind to ask if they have monthly fees on their “ basic ” business checking accounts. There are a number of banks that don ’ t have monthly fees. If you ’ re a non-US resident ( foreigner ), you will need to show 2 forms of identification, such as your foreign passport and your foreign driver ’ mho license. There are extra things ( shown below ) to keep in judgment when opening a U.S. bank report for your LLC : Non-US resident opening U.S. bank account for an LLC

IRS Contact Information

If you have any questions, you can call the IRS at 1-800-829-4933. Their office hours are 7am – 7pm local time, Monday through Friday. We recommend you call the IRS early to avoid the typically long holding times.

Matt Horwitz

Matt Horwitz
 
Matt holds a Bachelor’s Degree in business from Drexel University with a concentration in business law. He performs extensive research and analysis to convert state laws into simple instructions anyone can follow to form their LLC – all for free! Read more about Matt Horwitz has been the leading expert on LLC education for the past ten. He founded LLC University in 2010 after realizing people needed childlike and actionable instructions to start an LLC that other companies were n’t offering. He ‘s cited by Entrepreneur Magazine, Yahoo Finance, and the US Chamber of Commerce, and was featured by CNBC and InventRight.Matt holds a Bachelor ‘s Degree in occupation from Drexel University with a concentration in business law. He performs extensive research and analysis to convert country laws into childlike instructions anyone can follow to form their LLC – all for absolve ! Read more about Matt Horwitz and LLC University

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