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Employer Identification Number

Employer Identification Number

MyCorporations filing experts make filing your EIN application quick and easy.

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What is an EIN? 

After a business is formed, an application for an Employer Identification Number (EIN) should be made. An EIN is a nine-digit number that is issued by the IRS and used to uniquely identify employer tax accounts. Think of it as how a Social Security Number (SSN) identifies an individual, only an EIN is less sensitive. 

Much like a Social Security Number would identify an individual or sole proprietor (taxpayer identification number), an EIN will be used by the Internal Revenue Service (IRS) to identify a business entity for taxation. Unlike SSNs, They are considered to be less sensitive, so they are often used by entrepreneurs as their identification on government forms and official documents, since there is much less risk of identity theft.

The benefits of an EIN

  • Open a bank account
    Most banks require that a business have an EIN before they can open a bank account under the business name.

  • Hire Employees
    The IRS requires that every business must have an Employer Identification Number before hiring employees.

  • Establish a credit profile
    Filing an EIN allows a business to build its credit profile, separate from the credit profiles of its members or owners.

  • We handle the paperwork
    We make it easy by filing with the IRs on your client's behalf, and provide them with the employer identification number once complete.

Who needs an EIN?

While there are many benefits for almost any small business to apply for an EIN, there are some cases in which a business will be required to have one. If your client answers yes to any of the following questions, they are required to have an EIN.

  • Have you hired, or plan to hire, employees?
  • Is your business incorporated as an LLC, partnership or corporation?
  • Do you plan on opening a business bank account and establishing business credit?
  • Do you file employment, excise, alcohol, tobacco or firearm taxes?
  • Do you withhold income tax to a non-resident alien?
  • Do you plan on changing your organization type?

Sales Support 

For any sales or product questions about forming an LLC, MyCorporation has a dedicated team ready to help. You can even call them with your client on the line!

Phone: 877-692-6772

Key Selling Points for Employer Identification Number

  • Over 20 Years: MyCorporation has been helping customers form and maintain their businesses since 1998, becoming the most trusted online filing company.
  • All 50 States: MyCorporation works individually with all 50 states to make sure that you get the quickest filing times possible at an affordable price.
  • 1 Million Businesses: We truly care about the success of businesses, and we have been honored to help over one million new businesses form and grow.

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