EIN Application Step By Step

Go through each step of getting an EIN for your business (NO you do not need to pay for the service--the IRS does not charge for this). Lee Phillips and Ben Rucker explain what options you want to choose at each step and why.
A full discussion of how to choose your taxation structure and set up your business for maximum tax savings is available as part of Lee and Ben's Advanced Tax Tactics, available at legalees.com/advancedtaxtactics/
Learn more about information on tax success at legalees.com/tax-planning/
For More Resources...
Personal Planning: legalees.com/personal-planning/
Business Planning: legalees.com/business-planning/

[@JJPham-cx6rv]

I always enjoy listening to Lee Philips. :-)

[@JayCalderon211]

awesome man! you guys really clear things up for me.

[@dianelewis4339]

Thank you for the visual of the estate application. It was a big help.

[@Blue_Kryptonite]

Yes, please do a video on how to close an EIN.

[@bookkeepingtaxprofessional7087]

Hello Lee and Ben, Thank you so much. You are great.

[@GaterTV]

followed the instructions and it worked thanks for the info !!

[@samuelnfor8416]

Thanks for the walkthrough… 😅😅interesting duo.

[@miss.phyllisreneefoster9547]

hello to you both thank you so much for this video I'm still kind of lost to certain process I'm trying to start me a little online e-commerce and I was told I need an EIN FOR MY BUSINESS, AND FOR BANKING PURPOSES AS WELL I THANK YOU BOTH SO MUCH I ENJOY THE VIDEO AND THERE WERE TIMES YOU BOTH MADE ME LAUGH THANK YOU BOTH SO MUCH AND UNTIL THE NEXT VIDEO BE SAFE AND WELL.

[@Legaleescorp]

If you are just doing business as a sole proprietor, you don’t need an EIN number. You will use your Social Security number and file a schedule C. If you are an LLC taxed as a sole proprietorship then you don't need an EIN and you'll just use your Social Security number and file a Schedule C. The LLC will be known as a disregarded entity.

[@sm1hunnid]

As soon as he asked “business or home address” it answered the only question I had left about the application.

[@NewYorkerPEACE]

i'm the "LIAR" i mean lawyer Bahahaha

[@Shheeeeshhhhh]

Sounds about right 😂😂

[@abbyru2908]

Excellent content!!!

[@7eye7]

Good video guys.

[@beebae9]

If a single member LLC has elected to be taxed as an S-corp starting out and they are applying for an EIN, do they select Corporation (says includes S-Corporations) or do they select LLC as you did in the video?

[@josephjaves864]

This video was so useful n funny !!

[@bigk9959]

This was very helpful 😌

[@townplazabarbers7647]

Good info! Thanks 👍🏼

[@danieldiaz6445]

Thank you for the information well done👍

[@72capital53]

You guys are awesome! So helpful!

[@awakenedsoul4924]

Thank you guys!!!

[@Legaleescorp]

You're welcome :)

[@tanyarthomas822]

Great video

[@Legaleescorp]

Thanks!

[@prudencea.a7311]

Very helpful, thank you so much 🌹🔥🥳

[@Legaleescorp]

You’re welcome

[@SOFIA-fr6kj]

Can I file for an EIN if my articles of incorporation are still being under review by the state?

[@mustafaali4437]

Thanks for the video. When filing a SS-4 form as a brand new single member s corp do I have to file a 2553 or 1120 form after the SS-4 ? I received the 101 error and am filing the ss-4 to fax to irs?

[@lavonder18]

Thank you for this information.

[@Legaleescorp]

Our pleasure!

[@1982NitaJCares]

Very Informative, I'm starting a new business and this help partnershipe mad my husband or 1 this really help

[@pddycharles6099]

thank you so much was very helpful

[@planetbully1246]

How would I know if I have to pay quarterly taxes or not with the 720 if I’m a new business and just starting ?

[@MSNIKKI-nc3eb]

Lee is hilarious 😂

[@robertrudick2492]

Excellent video

[@Legaleescorp]

Glad you liked it

[@robertrudick2492]

@@Legaleescorp Thank you beautiful young lady.❤🖤

[@TRNSL8]

The look that Lee has on naming the company to Lee and Ben Ice Cream... classic 😂

[@StealthTinyhomes]

Eternal revenue service..... that hits.

[@patterntrader690]

20:20 I have an EIN from a business from several years ago that I never used. However it’s not an S Corp. could this still apply to me?? Please respond thx

[@kish5230]

Wondering if i have a LLC & my trust holds the interest of my LLC, how would it be taxed 🤔 ?

[@meeka.quallo6577]

Hi Lee and Ben. Thanks for such useful info. If I am attempting to obtain an EIN# for a multi-member LLC (3 owners), do I apply as a partnership (since that's the default option unless its a single-member LLC)? Are there any implications for filing as a LP if its in fact registered with a state as a LLC?

[@Legaleescorp]

The option for a single member LLC is a disregarded entity and you would normally use your Social Security number. You have the option of having your multi member LLC taxed as a partnership, Subchapter S entity, or a Chapter C entity. You would file using one of those protocols. The IRS doesn’t know or care if you have an actual partnership or an LLC. They don’t know if you have a corporation or an LLC taxed using Subchapter S. The same is true with Chapter C.

[@andreabarlowe4551]

Hi, thank you for all your posts! This has been so helpful 🙂 How do i change my llc to s-corp if i haven't filed articles of organization yet?

[@Legaleescorp]

You need to have the LLC in place first. Then just file for a Subchapter S tax status when you get the EIN . You are not changing an LLC to a corporation, you are just getting a Subchapter S status for your LLC.

[@lindaadrid9795]

do a video on creating an EIN for a trustee administering assets from a living revocable trust. The choices are confusing as to who's information goes in the boxes, the person who died or the person that is the trustee distributing the assets. I waited 5 hours on line to talkd to the IRS and they couldn't tell me what to fill in the boxes.

[@KayseReactsPop]

Hello Lee and Ben, thank you for covering this! I've been having a difficult time figuring this out: Does a business need to do anything regarding their EIN if they were a single member LLC when they applied for an EIN but have now added another member to the LLC, which would change them to a multiple member LLC?

[@Legaleescorp]

The only change in the tax world would be you have to move from a sole proprietorship (disregarded entity) tax filing to a partnership tax filing. You can use the same EIN.

[@KayseReactsPop]

@@Legaleescorp - Thank you, much appreciated!

[@pamelastansbury1407]

Hoping someone can answer. Forming a general partnership. Our county will not allow us to register our business or DBA UNTIL we have an EIN. How do we answer for our Legal Name? Do we put the DBA we know we will use, or do we use a personal name? appreciate help.. thanks

[@naenae0321]

I went through this process and did not get an ein for a sole proprietor LLC I received an error code 101. I am the only owner but I have employees, so how can I get the ein to push through as a retail sole proprietor LLC without an error message?

[@benbravo1457]

I got an EIN letter in my mail and I didn’t apply for it myself at all. I’m thinking a car shipping company that I had exported a car for me in the past filed it on my behalf. However, the EIN came in my legal name and now I just registered a sole proprietor company, so do I stick to this other EIN or apply for a new one with my business name? If yes, what do I need to do with the other EIN? Thanks

[@Legaleescorp]

I worry that you got an EIN. You need to track down what happened. I suspect identity theft. I would contact the IRS and shut down the unwanted EIN.

[@IGF-en7gn]

Thank you

[@baldheadstore]

We formed a special district called a Lake District. Basically a HOA formed by the county government. Instead of begging for association dues, we can levy a special tax. We don't have a physical office and the board changes every three years. I didn't want to use someone's personal address and have to change it every three years. I initially found your page hoping to figure out what address we can use for the EIN, and was hoping a PO box was the answer. Reading the comments, I think you answered my question "The physical address is someplace where the sheriff can hand you a lawsuit". Some googling suggested setting up a virtual mailbox at a shipping store. What do people do if they don't have a physical address to use?

[@Legaleescorp]

You need a physical address to have a valid company.

[@brendahagg4417]

Great video! To make sure I understood correctly if I’m the sole proprietor of an LLC and I’m planning in the future to hire employees. Do I check “No” on the question asking if I have or plan to hire people within the next year?

[@Legaleescorp]

If you are not planning on hiring this year, then answer no. It is easier to go back and say you hired than it is to explain why you didn’t hire. If you say you will hire, you will have to file payroll tax returns whether or not you hire. When you hire, then file the payroll, and they will always take it.

[@brendahagg4417]

Thank you so much for response. Very helpful!

[@pecino]

Thanks for the video, it's very good. Thank you. I have a question, when I formed my LLC I applied for an ein on the web and then by phone. so I have two ein. is there a problem? Is it necessary to make a separate annual declaration of the two ein?. thank you all

[@Legaleescorp]

Yes, two EINs is a problem. They want a tax return for each EIN. Just kill one of them by calling the IRS (good luck) or write the IRS and tell them you are not using one and to cancel it.

[@davidjykim]

I have a 3 member LLC trying to get an EIN. I ran into the same thing on the EIN website telling me it should be a PARTNERSHIP. I don't want to worry about all this, can I just continue and finish the application as an LLC even though it is a MULTI-MEMBER LLC? Or do I have to go back and select Partnership to proceed?

[@Legaleescorp]

The legal structure is an LLC, but it is a partnership tax structure. You have multi members, so it has to be a Subchapter S taxation or a Chapter C taxation or a partnership taxation, even though it is an LLC.

[@Nimo123-cp8yf]

How did you end up filing for EIN? As a partnership or as an LLC?

[@truetotoys3215]

I am starting a cleaning business and already got my LLC, I'm applying for the EIN now but I'm stuck at the question that asks if I will I expect to have employees. I am hoping to get clients and hire cleaners, should I answer that yes?

[@learntenk8549]

Hi Lee and Ben. Thanks for the info! When I submitted my EIN application for a single-member LLC, my name is showing with "SOLE MBR" next to it. Is this normal? Should I include this in my name for other official business documents?

[@Legaleescorp]

No, you just identify yourself as manager doing business for the LLC. You probably didn’t need an EIN for a single member LLC, but it isn’t fatal if you have one. You will still end up paying all the taxes on your 1040 form.

[@twistthewrist6313]

@@Legaleescorp The only way to get federal EIN is through Multi-Member LLC if I choose Single-Member LLC then I have to use my SSN. I want to have just me (one member) in Multi-Member LLC forever for 100% income flow through to my personal Income tax. Is this possible? Please advice.

[@truthorsquareallah5899]

​@twistthewrist6313 I'm interested in this as well

[@theslayologist]

I was hoping you would have followed through with adding your wife; the 2nd member! I am starting a business with my son & although I clicked for 2 members it only has my name on the IRS printed document. Can I go back somehow an add my son? I was waiting on it to ask for the 2nd member's information! What to do now?

[@janabaker4219]

Ugh...I need to know this too @thelayologist and @Legaleescorp!! 🤔

[@keiki5046]

hi, you are such a big help, I really appreciate you. I hope you notice and answer my question. In the DETAILS part, my LLC and my shop name "trade name" are different, do I need to file DBA first, or I can just my shop name "trade name" even without a registered DBA? Thank you in advance,

[@keiki5046]

im the owner and I put also myself as a manager, and my husband is also a manager, do I need to click yes fr the w2 or no?

[@Legaleescorp]

You need to make it clear you are doing business as the LLC. If you don’t use the LLC name, you could be held to be working with a different company, not your LLC. The shop name should at least be a DBA of the LLC. On all the paperwork you need to identify “Shop Name a DBA of john doe LLC.”

[@Legaleescorp]

If you are an employee, you will probably be getting a W2. I don’t understand the question.

[@FernandoMartinez-ou2ed]

This is great information! I am applying for my EIN as well for bank purposes. My LLC is a single member entity for real estate rentals. For the address portion where it asks LLC physical location. Do I have to use my physical residence for the address. I know I cant use a PO Box. What can I use instead? If I do need to use my primary residence and I move out what would I need to do? Thank you.

[@Legaleescorp]

The physical address is someplace where the sheriff can hand you a lawsuit and you will for sure get it. Someone has to sign for it. So you always need to keep that current. It could be your house or office or someplace where you are sure you will get mail and physical delivery immediately when it is received. I just read your question and did a KZbin on LegaLees KZbin channel, so check it out in a week or two when it goes up. I assume you are subscribed, so you will get notice.

[@AMGGT63DRIVER]

​@@Legaleescorp Thank you for all the great info. When it comes to the phone number, is it best to list my personal phone number, or the business phone number?

[@TJ-spirit]

If I add a second DBA or trade name in addition to one I already had and listed, how would I update that info?

[@gerqueriousmatthews4366]

I made a mistake and used my real name for the legal name of llc slot but my llc certificate has my actual business name, do those have to match ??

[@zaheermoorad1802]

Excellent video.... do you need to do fax it through or can it be done online now ?

[@Legaleescorp]

The EIN is all done on line now.

[@bfourney]

@@Legaleescorp *unless you’re a non us resident with no SSN or ITIN

[@TustinS]

Both of these guys are great. Just not great together!

[@cout6279]

So with parntership do I need 2 ein so I'm have to do that ein twice?

[@Legaleescorp]

The EIN is for the company (the partnership) not for each partner, so only one EIN per company.

[@KDH1920]

This video is super helpful. If I choose sole-proprietor for my EIN and decide to get an LLC later, can I amend my EIN filing?

[@Legaleescorp]

You don't amend the EIN, you just change the legal structure.

[@Loyalteelogistics]

Hi I'm starting a trucking company I'm going to have a semi so 1st question is yes for me I'm not sure about the 3rd question I'm going to have to file for fuel taxes quarterly so I'm not sure if that has to do with the 720 tax form can you help me with this thanks..

[@Legaleescorp]

You are beyond me. I am not familiar with the tax aspects specifically for the trucking industry. You need an accountant or tax guy that knows that industry.

[@peacebestillconversations3761]

in 11:40, why do we not include the letters , LLC , can someone please comment

[@SD-rg5mj]

Hello, could you hep me to correct my SS4 : “I know what the IRS told you but the SS4 is incomplete and not filed in correctly. 4a and 4b should have the full address, 7a should have your name, 7b should say none / foreign. This will resolve the issue of not having an SSN or ITIN. The business information on the rest of the firm needs to be filled in. And the application must have your name as the member in the signature section and you need to sign the form. You also should submit the articles of organization with the SS4 to the IRS »

[@Legaleescorp]

It sounds to me like someone is doing a pretty good job of telling you how to correct your SS4.

[@SD-rg5mj]

@@Legaleescorp I faxed it to the irs but they send two letters to my agent, is it an error from them?

[@sujatatorres8535]

I will be filing for IRS EIN for llc but i will only be the person operating, do I still put 1 for how many members?

[@Legaleescorp]

A member is an “owner.” So put how many owners there are. If you only have one owner you can’t be taxed as a partnership, but sole proprietorship (disregarded entity), Subchapter S, or Chapter C are ok.

[@Alshakdary]

Hey lee, for legal business name do we have to include LLC at the end of the business name or just write the business name without adding LLC at the end 11:40 and if I submitted the application without adding LLC isn’t going to affect my business or when filing taxes

[@Legaleescorp]

The IRS probably doesn’t care, but always use the LLC at the end of the name. if you don’t then the people you deal with think you are a sole proprietorship, and they get to sue you individually. You never notified them they were dealing with an LLC if you don’t use it in the name.

[@gab31282]

@@Legaleescorp The entry field in the EIN application will not allow LLC to be included with the name. What then?

[@twistthewrist6313]

The only way to get federal EIN is through Multi-Member LLC if I choose Single-Member LLC then I have to use my SSN. I want to have just me (one member) in Multi-Member LLC forever for 100% income flow through to my personal Income tax. Is this possible? Please advice.

[@giothedon2794]

Try a Multi-member LLC but file for S-corp status for taxes.

[@Legaleescorp]

You can actually get an EIN for a single member “disregarded entity.” In the application for the EIN check other in the activities and just say disregarded entity. That will not trigger a filing requirement for a tax return. The advantage is you don’t have to give out your SSN all the time, use the EIN. I still counsel people to use their SSN and don’t get an EIN. This is the IRS publication on the issue: www.irs.gov/businesses/small-businesses-self-employed/single-member-limited-liability-companies#:~:text=Most%20new%20single%2Dmember%20LLCs,need%20to%20obtain%20an%20EIN.&text=A%20single%2Dmember%20LLC%20that%20is%20a%20disregarded%20entity%20that,owner%20for%20federal%20tax%20purposes.

[@Oiganbah]

What option would I select for an LLC Partnership? Partnership of LLC?

[@LloydBraun13]

Hey there, Im starting a business in San Diego and right now im living out of my van so I dont have an address, My business does not have an office, I can get mail at a homelss shelter but I dont want to use a that as a business address, I was thinking about using my dads address in South Carolina, what do you think about that? Will it be alright if business is being conducted on the other side of the country? Thanks

[@Legaleescorp]

You have to have a local address in San Diego. It needs to be a physical address where you are sure to get the mail promptly passed along to you or the law suit if the sheriff shows up to serve papers. I wouldn’t start a formal business in CA until I knew I could make money. Make some money, then consider a business start up. California is so expensive that it will eat all of your capital before you get going on the business. Hope it all works.

[@gandalftheblack4]

If I'm changing from a single member LLC to multimember LLC, how do I inform the IRS of the new member and to be taxed as a partnership?

[@Legaleescorp]

I assume that you have been being taxed as a disregarded entity (sole proprietorship) using your Social Security number. You will apply online for an EIN and tell them you want to be taxed as a partnership. You will file a Form 1065 as your tax return and issue K-1s to your partners.

[@gandalftheblack4]

@@Legaleescorp what if I already have an EIN? I tried applying for a second one as a 2 member LLC and it wouldn’t work.

[@sorcererstone3303]

I followed the instruction in this video. I chose to receive the EIN online. As soon as I hit continue to submit, I received the EIN. But somewhere along the application process, I think I read something this EIN number cannot be used right away, like opening a bank account for the company. I have to wait for (mail) confirmation from IRS. Is my understanding correct?

[@Legaleescorp]

I don’t think they will send you a mail confirmation. As far as I know you can use the EIN.

[@Meka-hz3dl]

Does your business own a highway operated vehicle, my business will have a tractor trailer eventually. Do I select yes even if I don't have the truck yet

[@Legaleescorp]

I would reply on your current situation not what might happen in the future.

[@lashondabuskey8603]

Did you ever do a video that tells you how to decide which one to choose?

[@Legaleescorp]

Are you talking about deciding between S corporation or C corporation status? That was one of our early ones at kzbin.info/www/bejne/iamllaeYhLKhoMk

[@lashondabuskey8603]

@@Legaleescorp at the end of this video you mentioned possibly doing one to help determine which one is best

[@zanderesp4295]

(LA,CA)After months of studying and figuring out the steps I need to take. I'm finally getting started. I made sure to get a registered agent and a business address with Ups. Next up is to file a DBA. Before I head to the County Clerk office in the morning. Can I apply for an EIN before a DBA? I've made sure it's not taken .

[@Legaleescorp]

Usually the DBA doesn’t get its own EIN. It just uses the tax structure of the “mother” company.

[@Legaleescorp]

Just did a video on DBA to help explain more: kzbin.info/www/bejne/ZmKucqGGncl-f9E

[@transco_megdecastro513]

Hi, Lee & Ben. Thank you so much for this very informative video! We are trying to secure an EIN for banking purposes but we are a Foreign Corporation. How can we do that? Please advise. Thank you!

[@Legaleescorp]

If you are foreign as in from another country, not sure how you would do that. If you are foreign as in from another state, the EIN process is the same.

[@bfourney]

You have to fill out the form and either fax or mail it in to the IRS vs getting it instantly online. There’s a very specific way to fill it out properly when you don’t have an SSN or ITIN. Also if you fax it (fastest option for foreign owners) they will fax it back so make sure you can receive a fax at a us number. There are services that specialize in non us owned LLCs that charge anywhere from $175 to $500 to handle am EIN for you.

[@ljproductions5149]

@legallees if I’m working offshore with a catering company and I’m a foreigner which one should I apply within

[@NatureZone101]

Curious - Self Employed, but have heard that these days it might be wise to just get an EIN to use instead of SS# to help protect against identity theft?

[@Legaleescorp]

Some are saying get an EIN. I don’t know if that helps or just gives the ID thief two targets. It probably doesn’t hurt, but not sure how much help it will be.

[@r5yamaha]

Lee, regarding the IRS EIN application. When applying for the IRS EIN who is the Responsible Party for an Irrevocable Trust ...Trustee or Grantor?

[@Legaleescorp]

The trustee would be. In an irrevocable trust the grantor has usually given up all interest in the property and it’s management.

[@divanycorton]

When I made my ein application I put down a dba name which I don’t plan on registering as I want to use my name !how do I change it back to nothing if I already submitted

[@Legaleescorp]

If you want to use your name and your Social Security Number then you will have to “kill” the EIN you got. You can write to the IRS and tell them to kill it, or you can file a zero tax return and mark it as the final return. It actually depends on how the you got the EIN filed. If it is a Chapter C or Subchapter S entity, you need to file the final return and still ask the IRS to kill the EIN.

[@tkxl3930]

Can you use your ein for personal credit if you have bad credit?

[@Legaleescorp]

Your EIN is attached to your company not you. Your small company credit will always be based on your credit, so your personal credit will be the starting point for your company or EIN credit.

[@perfectabassey593]

If I own an LLC with my husband can I file for EIN as a single member LLC?

[@Legaleescorp]

You can file for an EIN. You will need one if you are taxed as a partnership, Subchapter S or Chapter C entity. If you are jointly filing a 1040 tax form and you want to be a sole proprietorship, you may be able to just use a social security number, but a single member LLC can have an EIN.

[@tonka6569]

So i made my llc and applied for my ein. i put single member llc. but i have partner in the llc. i also heard having a partner in a llc has better tax codes. anyway i can get some help. should i cancel my ein number and get a multi member ein number ??? pls need help

[@Legaleescorp]

An EIN isn’t linked to how many participants there are in the LLC. If you only have one member (owner) you could have it taxed as a disregarded entity and just use your Social Security number.

[@joleneemonique5876]

I want an LLC what option do I have besides having to file as a sole proprietorship because I am the only sole owner of my own business.

[@Legaleescorp]

A single member LLC (one owner) can be taxed as a sole proprietorship, under Subchapter S (Like an S Corporation), or under Chapter C (like a C Corporation).

[@superdino821]

Which type should I choose if I got a Incorporation (C corporation)?

[@Legaleescorp]

The process of getting an EIN is the same for any type of business taxation. You would file separate forms to qualify as an S Corporation (or LLC taxed under Subchapter S of the IRS Code) or to qualify as a Chapter C taxation entity.

[@JuanMartinez-dq7qp]

What if I have a registered agent? Do I put my registered agents address for physical address or do I put my own address?

[@Legaleescorp]

I would put your own. You want to get the tax stuff directly. The EIN info is very private - supposed to be.

[@jaytravel-12]

question so if I get a Ein and add it as partship so if I use that to file taxes will it still effect my ssn number

[@Legaleescorp]

The partnership files taxes, but doesn’t actually pay taxes. The income passes through to the individual partners on a K-1 and then the partners pay taxes under their social security numbers on their 1040.

[@jaytravel-12]

@@Legaleescorp give me an example please if you don't mind let use x as me y z ext

[@jamesjordan7612]

I losted didn't print right away no ink in the printer what do i do?

[@MrSyous13]

If I'm filling an EIN for a partnership, do I put down my personal name for as Legal Name and then the business as Trade Name? Because I'm being told a Partnership isn't a legal entity

[@Legaleescorp]

You will use the trade name for the business name and you will be the responsible party to get the EIN. You should really be operating as an LLC taxed as a partnership of the activities have any liability possibility.

[@MrSyous13]

@@Legaleescorp yes the plan is to convert to an LLC down the road, I just did not and could not pay state fees of almost 600 right now

[@lopezjuan100]

What about if I have inc. At the end of my business. Which one I choose?

[@Legaleescorp]

If you are an Inc. you need an EIN. Corporations can only be taxed under Subchapter S or Chapter C and those both require an EIN. 99% chance you will be a Subchapter S. If your income is from rents, you shouldn’t use a corporation and use an LLC taxed as a partnership. I would use an LLC instead of a corporation in almost every case.

[@lopezjuan100]

So I have a patent under the company's name ( inc at the end of the company's name). And if I have 2 more people I am planing to share a percentage of the company plus investors, what do you recommend me to do, or to chose on the IRS website to get my EIN number? Thank you for your time.

[@FoolMeOnce50]

I'm applying for an ein to start a courier service through FedEx Ground. I'm confused on which option to select. Cargo People Provide a support activity? Which option should i select? Cargo or support activity for transportation?

[@Legaleescorp]

I don’t know what best fits what you are doing. You can check with other folks that are doing what you are doing and see what they have used successfully or unsuccessfully.

[@FoolMeOnce50]

​@@Legaleescorp I'll ve delivering packages goes fedex and possibly amazon as an independent contractor.

[@donmarquis08]

what if you got the EIN before the LLC

[@TheHandHistoryVault]

@LegaLees. I have a few questions. Called the IRS Business side and the agent refused to explain their own question within the Online EIN Application. My business is just starting, I plan on manufacturing firearms later on when it's financially possible, but for now I'm manufacturing Body Armor only. My questions pertains to the question: "Does your business sell or manufacture alcohol, tobacco or firearms?" 1. Does this question have a time limit? (within 12 months or beyond?) . Meaning the answer would be "No" currently. But what if my business does well enough, and I start manufacturing firearms within a year or sooner? 2. Does this question affect my EIN Number if I say "No" now? How about later on when I start manufacturing firearms? Would I need to apply for a new EIN Number? 3. Will the IRS expect Tax Money on Firearms within the year if I answer "Yes" to the question?

[@Legaleescorp]

You would answer that you are not doing firearms. Just know that if and when you ever do start to manufacture them you will have to set up an excise tax account with the IRS.

[@TheHandHistoryVault]

@@Legaleescorp Thank you for responding.

[@luismoreno1798]

Why does tx charge $275 for a ein number in tx on the irs website

[@Legaleescorp]

I have no idea. Never heard of a charge for EINs.

[@rodrigomeraz4891]

What if you don't have the 5500 lb truck but plan on getting one

[@Legaleescorp]

The vehicle needs to be over 6000 pounds if you want to write it off on your company taxes. An individual can never write off a vehicle, only a company can write off a vehicle.

[@5va]

Would this work for music publishing company?

[@Legaleescorp]

It will work for any company you want that is taxed as its own taxing entity. Try the music company as a sole proprietorship or disregarded LLC and just file a Schedule C until you have shown that you can make money with it, then have it converted to an LLC taxed under Subchapter S.

[@5va]

@@Legaleescorp thank you so much for your helpful information 🙏 God bless you 🙏

[@phiggnewton5499]

Can four individual revocable trusts have four individual ein?

[@Legaleescorp]

Yes, each trust would have its own EIN. However, most living revocable trusts just use the grantor’s Social Security number.

[@Geniusnegus]

How do I get multimember LLC status with just myself with no other members. I don’t want (sole proprietor)/disregarded entity If I won’t be given an EIN. I need an EIN to open my Business Bank Account. Help me ?

[@Legaleescorp]

You get to choose how your LLC will be taxed. If you choose to have it taxed as a sole proprietorship and use your Social Security number then the IRS wouldn’t even know you had an LLC. it would be disregarded by the IRS. they think it is just you. You choose to have your single member LLC taxed under Subchapter S or the IRS Code. That’s fine. But the IRS now knows there is something there, either a corporation or LLC, and so it isn’t disregarded by the IRS. you have to get an EIN for the LLC taxed under Subchapter S.

[@Geniusnegus]

Shouldn’t you have at least , 50-75k cashflow to consider the business an S Corp ? because I would then have to run payroll and if there’s no cash flow right away , that can be a red flag to the irs &trigger an audit

[@brittneylimage557]

Can I use this if I have a medical transportation company

[@Legaleescorp]

Any type of company needs an EIN. It isn’t dependent on what type of business the company does.

[@MirandaRM1]

What type of EIN should a 5 member music band get?

[@Legaleescorp]

All EIN are the same. It is not dependant on the type of business. The question is how should it be taxed. I assume you will use an LLC. Have it taxed probably as a Subchapter S entity, because you are selling the services of the band. You will have earned income not passive income.

[@MrHarry20092009]

CAN WE ADD MULTIPLE BUSINESS IN ONE LLC LIKE AS INSURANCE, TAX PREPARATION, NOTARY AND ONLINE STORE

[@Legaleescorp]

You can have multiple businesses or activities in a single LLC. However, usually you want to separate the activities in some way, so multiple LLCs would be more common for the scenario you talk about.

[@camerythomas4154]

Can I still use an EIN number instead of my social security number even though I am a sole proprietor of a LLC

[@Legaleescorp]

You don’t need an EIN for a sole proprietorship LLC. Just use your Social Security Number. If you do get an EIN, then you need to use that EIN when dealing with the LLC. Just kill the EIN, because it is going to be confusing to everybody.

[@healthpointplus6442]

Is the ein has no expiration

[@joleneshipp3946]

So can we use our registered agent for the address and phone number? I'm Virtually wholesaling real estate.

[@Legaleescorp]

I believe you need to use the phone and address of the person responsible for the taxes.

[@230Leah]

So if it’s myself and my husband, he has to just do 1 for ein purposes

[@Legaleescorp]

Only one EIN would be required. In fact, you may not even need an EIN, because the two of you are one with a joint tax return. Just one or the other social security number may be sufficient.

[@masontroglen3413]

Is this the same number i need to file my taxes?

[@Legaleescorp]

The EIN is the number a company uses to file it’s taxes. A foreign person will get a Tax Identification Number or TIN to file their personal taxes.

[@raffaelesilletti156]

One thing that isn't clear and none explain is if the member of an Llc with multiple members file for Ein and of course uses it's ssn is than responsabile for filing taxes or not. Being a limited liability company technically the one who files for the Ein suppose not to be responsabile for filing the taxes instate should be the executive member to do that but not clear at all.

[@Legaleescorp]

If it is a multi member LLC, unless the other member is your spouse, you will need an EIN and can’t use your or any other Social Security number. The manager of the LLC is responsible for filing the taxes.