Employer ID Number (EIN)Get your Federal Employer Identification Number NowA Tax Identification Number (TIN) is used to identify a business for tax purposes with the Internal Revenue Service (IRS), similar to the way Social Security Numbers identify individuals. A TIN is sometimes called an Employer Identification Number (EIN) when the company has employees. All corporations and most LLCs will need to obtain a TIN, even if the corporation operates as a partnership. Although a single-member LLC is not usually required to obtain a TIN, it will need a TIN/EIN if it hires employees or meets other IRS guidelines. Single-member LLCs sometimes elect to obtain a TIN/EIN for personal reasons. Banks usually require businesses to obtain a TIN/EIN prior to opening a business bank account. Ordering an Employer Identification NumberFor only $75 ($100 for non-US residents), CorpAmerica will process the application to obtain an EIN for your business. Just complete the form provided and we'll do the rest. It's another service CorpAmerica provides to expedite the startup of your business. We'll send you the application form for signature and proceed with the EIN application once you return the signed form to us for processing (your state formation filing must also be complete.) Customers must provide a U.S. Social Security Number or Individual Taxpayer Identification Number to request this service. To place an order by phone, contact a business specialist at 877-246-2462 or 302-636-5448. EIN Frequently Asked Questions1. What is a TIN or EIN? A Federal Tax Identification Number (TIN) is a nine-digit number assigned by the Internal Revenue Service (IRS) to identify business taxpayers for reporting purposes, similar to the way Social Security Numbers identify individuals. If a company hires employees, the TIN is sometimes referred to as an Employer Identification Number, or EIN. 2. When is an EIN required? An EIN is usually required when you: - Start a new business - Hire employees - Operate as a partnership (including multiple-member LLCs) or corporation - Open a business bank account - Purchase an existing business - Create a trust or pension plan 3. What is the difference between EIN and TIN? A Federal Tax Identification Number (TIN) is a unique nine-digit number assigned by the IRS for the purpose of reporting taxes or for identification purposes. When the same number is used for the purpose of reporting employment taxes, it is usually referred to as an EIN (Employer Identification Number). People tend to use the terms EIN and TIN interchangeably. 4. Will my EIN expire? No. Tax/Employer ID Numbers do not expire. 
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Did you know?You must follow your states rules and regulations for maintaining a business in "good standing" in order to preserve the benefits of incorporating. This includes protection of your personal assets. |
