Applying for an EIN for your Washington LLC is completely free. The IRS doesn’t charge any service fees for the EIN online application.
Online Application Process
Once you apply for the EIN online, the process should only take 30 minutes. You need to have a Social Security Number (SSN) if you are the one applying for the EIN. The responsible party must be an individual, not another entity, with a valid SSN, ITIN, or EIN. Each responsible party may only obtain one EIN per day.
You must complete the application in one session, as you cannot save and return later. Your session will expire after 15 minutes of no activity, and you will have to start over.
To file online, the principal business must be located in the US or its territories. Prepare the required information before starting the application. Submit the application to get your EIN, which you can use immediately.
Costs Associated with Forming an LLC in Washington
- Forming an LLC in Washington State has associated costs:
- EIN: $0
- Annual Report: $60 (per year)
- State Business License Application: $90 (one-time)
- City Business License: Varies (renewed each year)
Forming an LLC in Washington State costs $200, the filing fee for the Certificate of Formation. The Washington Secretary of State charges $180 to file a Certificate of Formation by mail and $200 to file online. You can pay $30 to reserve an LLC name, and expedited processing is an additional $50.
The statewide business license in Washington costs $90 when opening or reopening a business. The annual renewal fee is $10. Cities may charge additional licensing fees.
Tax Information and Immediate EIN Use
Most LLCs are pass-through tax entities for income taxes. An EIN (Employer Identification Number) is a Tax ID number issued by the IRS to identify a business. With an EIN, businesses can file state and federal tax returns, hire employees, open bank accounts, and apply for loans.
Can I use EIN immediately?
Yes, you can use your EIN immediately after obtaining it.
Does an EIN cost $250?
No, an EIN does not cost $250; it is free to obtain.
Steps to Obtain your Tax ID (EIN) Number in Washington
- Prepare Required Information.
- Apply for a Washington Tax ID Online.
- Apply for a Washington Tax ID by Phone, Mail, or Fax.
Employer Identification Numbers (EINs) are crucial for most Washington business licenses and permits before filing an application, and you can use your EIN immediately after acquiring it.