What is an EIN?
EIN stands for employer identification number and is also known as FEID (Federal Employer Identification Number). This identifier is a nine-digit number used by the IRS (Internal Revenue Service) to identify businesses operating in the United States. Many new company owners are unsure if obtaining an employer identification number is required for their business. We believe having an EIN is essential to keeping your social security number from falling into the wrong hands. See below and let us you decide if one is needed.
If ANY of the following applies to your company, an EIN is required:
Company has employees.
Company operates as a partnership, corporation, limited liability company, sole proprietor, etc…
Pay is withheld for a non-resident alien for anything other than wages.
Company has a Keogh plan (tax deferred pension plan for retirement purposes).
This unique number cannot be re-assigned to any other business once issued. If a business ceases operation, the number may be retired only.
How to apply for an EIN:
Our company offers a secure and safe method to obtain an EIN. You can apply for this number through our website. This will be processed and a number issued to you within (1) hour of placing your order. The cost is $75.00. Complete the below application or contact us today to get your number.
Who Get Federal Employee Id Number
The federal employee id number is a nine-digit unique number that is given to a company or any business entity operating in the United States related to the identification purpose,it is also known as Federal Tax Identification Number. Federal employee id number is needed in order to pay the employees and for the business tax return file. Any non-profit organization, LLC etc. or a business should have thefederal employee id numberwhere the procedure for the issuance of this unique number is utterly different as compared to the other organization.
To get federal employee id number it is important to be a legally formed corporation.