To obtain your EIN number in Arkansas you have to know how to complete an SS4 form and submit it to the Internal Revenue Service (IRS). An EIN is free of charge, regardless of which state your business is in. An Employer Identification Number (EIN) is used by several government agencies to identify your LLC. Having an EIN for your Arkansas Limited Liability Company lets you open an LLC business bank account, file taxes, and local tax returns.
You can complete an EIN application by mail or fax by sending Form SS-4 to IRS. You can even apply for an EIN by telephone if the company was formed outside the United States.
To help you out, this guide explains the information you need, and it covers the application options for an EIN in Arkansas. Applying for an Arkansas EIN number requires basic information about your business such as your address, phone number, and business structure. On top of the basics, you also need to make a few decisions.
After applying for your EIN, you can apply online for your Arkansas Sales Tax Permit. It is easy, fast and secure. You will receive your EIN together with important information within 1-2 business days.
One of several steps most businesses will need when starting a business in Arkansas is to register for an Employer Identification Number (EIN) and state business tax ID number. These numbers are most commonly used to register a business with the federal and state government in order to pay taxes.
EIN Cost and Application Information
An EIN is free of charge in Arkansas, regardless of your business structure. To obtain an EIN, you must complete Form SS-4 and submit it to the IRS. You can apply online, by fax, mail or phone.
The IRS does not charge a fee to get an EIN. However, if applying by phone from outside the U.S., it is not a toll-free number.
You need an EIN to open a bank account, hire employees, apply for business licenses and pay taxes. Apply only after your LLC is formally registered with the state.
Common uses for an EIN include filing business tax returns, registering for state taxes and obtaining business licenses. Most new businesses need both a federal EIN and a state registration number.
If you don’t have a Social Security Number, you can’t apply online. Instead, submit a paper EIN form directly to the IRS. This process is more complicated than the online application.
While the IRS doesn’t charge for an EIN, some third-party services do. Fees are usually $50-100 to assist with the application. Costs are higher for foreign owners without Social Security Numbers.
The online EIN application takes about 5 minutes. Other tax IDs can take days or weeks in comparison. An EIN functions like a Social Security Number for your business entity.
Besides state filing fees, starting an Arkansas LLC costs at least $45-50. Consider whether you need help from a professional service for business licensing, registered agents and operating requirements.