Step VI : Obtain EIN
Your INC or LLC’s EIN or Employer Identification Number is like your personal social security number or bar code for your entity. It is most commonly referred to as a Federal Tax ID Number. Even if your entity is not going to hire employees, it will need one as it is used for all sorts of things, including bank accounts, vendor accounts, and sometimes state tax identification.
Where to get an EIN
An EIN or Employer Identification Number is obtained from the Internal Revenue Service (IRS) for no charge at their website at IRS.gov. The IRS enables you to obtain an EIN by fax (fax-filing Form SS4), Phone (by calling their “Tele-TIN” phone line), or online.
Let us get your EIN for you!
State Filing Fees & Maintenance Costs
Part of your consideration should be the state filing fees, along with the costs to maintain your entity in that state. Once again, select your state from the drop-down menu to read about both of these areas.