What is an EIN?
An EIN, or Employer Identification Number, identifies your business to the IRS for tax purposes. Think of it as your “account number” with the IRS. This number is essential for LLCs and businesses in Indiana and Washington and is required if you are starting a business, are self-employed, or own a business.
Obtaining an EIN in Indiana
Cost and Information Needed
Obtaining an EIN is free of charge, regardless of state. In Indiana, you can apply for an EIN online. You’ll need a valid Taxpayer Identification Number (SSN, ITIN, EIN) to apply, and there is a limit of one EIN per responsible party per day. The process is quick and easy, and the number is issued without expiration.
Registered Agent and LLC Formation Time
A Registered Agent is an entity designated to receive legal mail for your LLC. After completion of the registration, you’ll receive your Tax Identification Number within 2-3 hours. For more information, contact the Indiana agency at (317) 233-4016.
Understanding EIN in Washington
Costs and Usage
An EIN in Washington State is also free. The IRS does not charge any service fees for the online EIN application. It is important for filing state and federal tax returns as most LLCs are pass-through tax entities.
| Requirement | Cost |
|---|---|
| EIN | $0 |
| Annual Report | $60 (per year) |
| State Business License Application | $90 (one-time) |
| City Business License | Varies (renewed each year) |
The initial forming fee for an LLC in Washington State is $200, separate from the EIN, which is required for most filings.
Applying for an EIN
You can apply for a Washington Tax ID online, by phone, mail, or fax. You can use your EIN immediately after obtaining it; the online process typically takes about 30 minutes, but it requires a Social Security Number (SSN) to apply.