Overview of EIN Application Process
An Employer Identification Number (EIN) is a nine-digit number that identifies your company with the IRS. Once you establish an EIN, your business can use the number to pay both federal and state taxes.
You may apply for an EIN online if your principal business is located in the United States or U.S. Territories. The person applying online must have a valid Taxpayer Identification Number. You are limited to one EIN per responsible party per day.
Importance of EIN for Business
An EIN is necessary for various actions, such as filing taxes, opening bank accounts, and hiring employees. It’s like a Social Security number for businesses.
Application Process
Once you fill out Form SS-4 you can then send it to the IRS by mail or fax. Fax has a faster approval time than mail. Make sure your LLC is approved before getting an EIN.
Is an EIN free from the IRS?
Getting an EIN does not cost any money. It is a free service offered by the IRS for businesses. You can apply via mail, fax, or phone, but the easiest way to apply for an EIN is using their online application.
Wait for Florida to approve your LLC before applying for an EIN. If you applied early, the FAQs below clarify fixing mistakes. We explain how to correct common EIN errors.