What is an EIN? - Employer Identification Number

[@HowtostartanllcOfficial]

*DISCOUNT LINKS & RESOURCES* _Below we have some paid links from our partners. If you decide to use their services through our exclusive negotiated deals, we get paid a small percentage. Thank you for your support in our efforts to make business information free for all!_ 🏢 Use a formation service like Northwest ($29 + State Fees). They'll form your LLC and apply for your EIN: go.truic.com/3w7soGk (paid) 🏆 Best Service to form an S-Corporation: go.truic.com/3QLgWba (paid) 🌐 Get your website and domain for your business using our discount link: go.truic.com/3EWyFcw (paid) For more information on EINs, visit: howtostartanllc.com/what-is-an-ein

[@FernandoLopez-ie3of]

I STARTED MY OWN BUSSINESS AND I NEEDED TOO MUCH NUMBERS ..THANKS SO MUCH I APPLY ITS EASY AND FREE ,THANKS FOR TAKE ONE MINUTE OF YOUR TIME AND ORIENTARME GRATIS... ¨I WISH YOU LUCK* FROM PUERTO RICO

[@silversstar72]

Tony I usually don't ever comment on anyone's videos being a part of youtube since 2008 just wanted to take the time to say thank you. Your video was very educational not only that. The step by step process was in very good detail and thorough explanation of every process keep up the good work and hope to see more educational video. Have a wonderful day sir.

[@HowtostartanllcOfficial]

We're glad that you liked it! Check out our channel for more videos! kzbin.info/door/ZuB4F-0eE1IyzYl6QIfqBw

[@jdbyrne61byrne12]

My dude, this is absolutely incredible! Thanks so much for the great video

[@postgradfit3084]

Love your channel man. I've been working on my biz today, and your vids are the best I've seen by far. Every time I search something I hope that one of your videos pops up. Keep up the excellent work!

[@HowtostartanllcOfficial]

Thanks for the appreciative comment! We try our best to make this information easy for everyone. Let us know if there is anything you would like us to cover! Good luck with your business and let us know if you have any specific questions right here.

[@fatheadfathead2708]

Where have you been all my life? This is exactly the information that I need for my business and my wife's business. Clear information that will lead me to binge watching your videos. I am going to refer your channel to many of my family members looking to start a business. Keep up the good work! Truly Useful Information Company. Catchy!

[@HowtostartanllcOfficial]

Thank you for your kind comment! We're glad that we were able to assist.

[@123camuchi]

The information has helped me 100% and I understood it at the first viewing of this video. Well done. Thanks!!!!!!

[@user-oy7lj4ok7w]

Great video and more explicit videos

[@MashedPotatoTime]

Thank you people like you are the best

[@HowtostartanllcOfficial]

You are very welcome! Thanks for subscribing to our channel!

[@FernandoLopez-ie3of]

OHHH.. I SEE!!!THE EIN , THE FEIN, AND TIN ..ITS THE SAME ...I HAVE THREEE WEEKS SEARCHING FOR FILLED THE FORMS JIJIJI UPSSS

[@FernandoLopez-ie3of]

GRACIAS POR LA INFORMACIO ME AYUDO MUCHO ...... THANKS FOR THE DETAILED AND PRECISE INFO , IM PUERTO RICO AND HELP ME TO IMPROVED MY OWN BUSINESS AND STAY Y MIND CLEAR ABOUT STARTED MY NEGOCIO , THANKS

[@ladyrevmarthaboatengministry]

Thank you so much.... this was so helpful

[@HowtostartanllcOfficial]

Glad that we were able to help!

[@patricksangermain1629]

Thank you so much!!

[@ZolaLMT]

Great info

[@DeepblueToff]

Great video again! Can someone tell me why does it take ages for the IRS to give an EIN to a foreign business person without a social security number??? So frustrating !!!

[@vaughnmerritt8857]

Does an EIN have to be attached to a Business type banking account? Or will a regular Checking account make a difference?

[@HowtostartanllcOfficial]

To open a bank account requires either an SSN or an EIN. Applying with an EIN suggests the existence of a business, so a bank is likely to open a “business” rather than a regular checking account. However, a sole proprietor using a regular checking account may thereafter apply for an EIN and use that EIN to file returns.

[@sharanjitsingh2724]

LIKE IT

[@user-hj2vd7sj8o]

I'm planing to start an LLC and then get an EIN for that LLC. I do not feel comfortable filling out these forms myself, is there a reliable website I can hire to do the forms for me? Thanks

[@HowtostartanllcOfficial]

Hello Caden! You don't need to do it all yourself. You can have a professional LLC formation service do it for you. Here are our top five: howtostartanllc.com/reviews/llc-formation-top-five?ref=weincc Good luck in starting your business! Let us know if you need anymore help.

[@scottiejohnson3965]

I start a business rent funerals car out can I used it to purchase car paid for them with my with my EIN

[@HowtostartanllcOfficial]

If a rental car business has an EIN, then purchasing a car to rent out will be an expenditure appearing under a tax return with that EIN. Thanks for the question!

[@hamzachahine2762]

I'm selling online on Amazon and I'm from a country where there is no tax treaty with the US, Can I apply for an EIN as a sole proprietor and do I have to pay taxes online? Because I called the IRS and told you don't have to. And I'm confused !

[@HowtostartanllcOfficial]

Generally, a foreign business using the Amazon platform is not liable for U.S. income taxes. But if that business sells regularly and substantially to U.S. customers, it may be carrying on a “US trade or business” and so be liable for income tax. We recommend reaching out to an attorney that specializes in international business law.

[@lazarogonzalez1524]

I have a question if in 2016 I open the landscaping business and it went under twice and they believe they gave me an EIN was that dissolved when company stopped functioning or what steps do I need to take to open a new business

[@iplaythebestgames3080]

Can I use the same EIN across multiple sources of revenue? Like let's say I earn making websites, and then I also earn affiliate marketing Amazon, and also let's say I do wedding photography work? Would the same EIN be used as a sole proprietor? Thanks!

[@HowtostartanllcOfficial]

As a sole proprietor, the same EIN may be used for separate lines of business. That’s because all sources of income, whether business or not, are treated as personal income. A business owner would complete and attach a Schedule C for each “business” to the Individual Income Tax Return (Form 1040). Please note that the information provided by us is not, and it is not intended to, constitute legal advice or tax advice. All content is exclusively provided for educational purposes. For the most up-to-date legal advice, we advise deferring to a professional attorney or certified public accountant.

[@monicaleo456]

Hi! If i apply as foreign while waititng for my ssn, i want to assign my husband as third party. so i have to put him in form ss-4, but do i habe to mail this form to irs first or i can just keep be and obtain ein online?

[@HowtostartanllcOfficial]

This question could have different answers depending on small and personal details. We would recommend contacting the IRS business service line directly: 800-829-4933. Application for an EIN can be made online, by mail, by telephone or by fax. The IRS preferred method is online. An application will require a valid taxpayer ID number. This could be an SSN or ITIN (Individual Taxpayer Identification Number). EIN online application: www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online

[@ashmehta20]

Can you help me? What should i put for app form for identify: How many member are in LLC? LLC is in hubby name and I will be managing the business. What should i put? TIA

[@HowtostartanllcOfficial]

Hi, thanks for asking! An application for an EIN requires the name and tax number of someone who controls the LLC, known as a “responsible party.” The IRS says a responsible party could be a manager, who must provide their SSN or ITIN or EIN. You will have to state the number of members. A manager does not have to be a member, but could be. To complete the form correctly, you should find out if you are a member of the LLC. You can do that by looking at the application to register the LLC, which may be called the Articles of Organization or Certificate of Formation depending on your state. Please note that the information provided by us is not, and it is not intended to, constitute legal advice or tax advice. All content is exclusively provided for educational purposes. For the most up-to-date legal advice, we advise deferring to a professional attorney or certified public accountant.

[@rahelworku3729]

Hello, How can I access my EIN Application form? I haven't done any business since I got my EIN for my Solepropritership. I want to start using it but I couldn't find My EIN number.

[@HowtostartanllcOfficial]

Hi there, if you lost your EIN confirmation number and haven't used it to file taxes or get a bank account, then you will need to call the IRS. Here's the number: 800-829-4933 And here's some info from IRS.gov: www.irs.gov/businesses/small-businesses-self-employed/lost-or-misplaced-your-ein Best of luck and thanks for watching!

[@lakeishar23]

What should I do if my daughter started her own busines and she's only 15. Is a EIN number neccessary and would this be considered a legitimate business

[@jadencarter4087]

So I have a question so I just recently started a tee shirt business and have made a website and it was going smoothly a few orders her and there and then the payment method that my costumers go through called stripe told me I needed an employer identification number and I was going to get one but then I was told they will take taxes out and I really can’t afford that right now because I am a small business just starting so can you please explain to me how that will work it would mean the world thank you !

[@HowtostartanllcOfficial]

You'll have to file taxes that include the business's earning regarless if you have an EIN or not. Business owner's without an EIN are required to report business earnings under their personal SSN.

[@fernandomorales6794]

So I want to start selling my own make up and I contacted someone to guide me in the process of creating my make up, however I am being asked for an EIN number. From the options above, which option do you suggest fits me best.

[@rojaniocastro8608]

this is absolutely incredible! GREAT GREAT VIDEO .. THANK YOU

[@Quinten13]

Would we still get an EIN number if we click no for hiring employees for the next 12 months ?

[@HowtostartanllcOfficial]

If a business doesn't have employees AND it is a sole proprietorship, it is not required get an EIN. If a business doesn't have employees but it is a partnership, multi-member LLC, single member LLC or corporation, we recommend getting an EIN to maintain the corporate veil.

[@MANOJPATEL-bh2ki]

Hi Tony Can i apply for EIN number after getting my ITIN number, as i am not the citizen of US, and i also want to start business, Please help me out or what would be the processor for the same ?

[@HowtostartanllcOfficial]

Hello MANOJ! We have a guide on how to get an EIN if you are not from the US: howtostartanllc.com/what-is-an-ein/how-to-get-an-ein-as-a-foreign-person Thanks for the comment!

[@jjgee5009]

Hi, I got an EIN before researching what it was. I can't find this anywhere else, but I was wondering if I had to pay taxes on an EIN or if there was any type of payment I had to do. Thanks.

[@jjgee5009]

I don't have a business or anything and I don't pay taxes as I am a minor so do I have to do anything to own it.

[@HowtostartanllcOfficial]

Hey JJ Gee! We have a guide on how to get an EIN if you are not from the US: howtostartanllc.com/what-is-an-ein/how-to-get-an-ein-as-a-foreign-person Its totally free! Thanks for the comment!

[@anthoniebalki5021]

@@jjgee5009 Any update on your situation?

[@briannameyer8464]

Hi, i wasn't sure how else to contact TRUiC but i wanted you to know that the "FORM AN LLC IN MARYLAND" page has a silhouette that is only of part of the state. That's all

[@HowtostartanllcOfficial]

Hi, Thanks for the heads up we will be updating it shortly.

[@santosmares6419]

If I’m doing a side job pressure washing, do I need to do anything for tax Purposes for the end of the year?

[@HowtostartanllcOfficial]

The IRS requires all individuals who earn more than $400 in a year from self employment to file an income tax return. As a sole proprietor, this self-employment income will be claimed on the individual's personal tax return. Self employment income is subject to both personal income tax and the self employment tax (which covers both the employee and employer contribution to social security and medicare tax). The IRS also requires sole proprietors who expect to owe more than $1000 in annual taxes to make quarterly estimated payments throughout the year. This means that the sole proprietor's business-related taxes will be paid in four roughly equal payments rather than all at once. The IRS provides helpful self-employment tax and estimated tax pages, and you can also check out our article on LLC vs Sole Proprietorship business taxes. www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes howtostartanllc.com/taxes/business-taxes-llc-vs-sole-proprietorship

[@zouheirk1829]

I'm only trying to get ein # to drive for uber do i need to start company

[@HowtostartanllcOfficial]

Thank you for the question Zouheir. Uber drivers can operate as independent contractors or they can operate under a company (like an LLC or corporation). Most people choose to drive for Uber as independent contractors. Only a company or business would need an EIN. You can use your own social security number to file taxes as an independent contractor for Uber. If you aren’t sure if you’d like to operate as an independent contractor, our recommendation is to contact Uber and discuss any concerns or questions you might have. Best of luck to you!

[@markivirich8]

Should I open a business account instead of using my personal account for my daily expenses, and business expenses? Or I don't have to?

[@HowtostartanllcOfficial]

While that is a matter of preference, we recommend having a business account to separate your business expenses from your personal expenses. To learn more about business bank accounts, check out our article: howtostartanllc.com/why-you-need-a-business-bank-account?ref=ytwhatein

[@markivirich8]

@@HowtostartanllcOfficial can I buy lamps, tables, chairs, laptop, etc. And put it on my business account? Technically, I could and will use it mostly for that, can I take advantage of that?

[@jacquibarbet-shields2135]

Can a small non profit group

[@dronelife7444]

I went through the process and got an EIN as a sole proprietorship and selected a DBA a few months ago. I haven't done anything with my business ever since. Now I want to actually function as a LLC and also i want to change my DBA. I'm in NJ. While forming my LLC if I use the EIN I received a few month ago will this be OK? Figure i'm going from being listed as a Sole proprietorship to an LLC.

[@HowtostartanllcOfficial]

Yes, because when a business owner goes from a sole proprietorship to a DBA, the IRS requires that the business get a new EIN. Also, when a business registers as an LLC, it registers the business name in the same way that a DBA registers a name for a sole proprietorship. The county clerk will have information on dissolving DBAs (business certificates) that are no longer in use.

[@TheOrionivv]

can I get company information on ein somewhere?

[@HowtostartanllcOfficial]

What do you mean? Could you clarify more what your are looking for? If you are looking information on a company through it's EIN number, you can search here if it is public: www.sec.gov/edgar/searchedgar/companysearch.html Thanks for the comment!

[@FernandoLopez-ie3of]

I NEED MORE INFO ABOUT DUNS NUMBER

[@HowtostartanllcOfficial]

To learn more about DUNS numbers and how to get one, read this free guide: howtostartanllc.com/business-credit/how-to-get-a-duns-number-free?ref=ytwhateincc

[@katelynnorris5461]

So one of my assignments in beauty school is requiring me to apply for an Ein , which is common since everyone is usually gonna open their own business, but I don’t want my own business. I want to work for another company. Would I still need a Ein number?

[@HowtostartanllcOfficial]

You shouldn't need an EIN unless you plan to own a business. Here is a small questionnaire list from the IRS, if you answer yes to any of those questions you may need an EIN: www.irs.gov/businesses/small-businesses-self-employed/do-you-need-an-ein It is totally free and easy to get one however, if you need more information or guidance on how to get one, go to our EIN guide: howtostartanllc.com/what-is-an-ein Thanks for the question and good luck!

[@nikii3999]

@@HowtostartanllcOfficial unemployment told me to send a EIN i dont know why. I dont have a business

[@argazboutamart5595]

Where can I get FEIN UK ?

[@HowtostartanllcOfficial]

If you are not a United States citizen, you can still apply for an EIN to allow your business to operate in the US. Read our article to learn more about applying for an EIN as an international: howtostartanllc.com/what-is-an-ein/how-to-get-an-ein-as-a-foreign-person

[@blaccprodigy7338]

Received my EIN # from IRS and tried getting my resale tax exemption certification through Michigan treasures website and asked me to give them my FEIN(which is assume is the exact same as EIN) so I put my EIN in and said it’s not active with the Department of Treasury?? Not sure on what to do

[@HowtostartanllcOfficial]

We would recommend reaching out to the Michigan Department of Treasury directly to get this resolved. It may just be a filing quirk.

[@motownsyre]

TRUiC okay so I might have needed a sales tax license first which I didn’t have, but I just received one so we’ll see if it works

[@motownsyre]

TRUiC Received my Sales Tax License and was able to apply for exemption ‼️👏🏾 I had to register my business with state for taxes in order to receive my license so we good now

[@ssljcs5706]

Is that the same as a ID tax number?

[@HowtostartanllcOfficial]

Thanks for the comment Naeveis! Yes, an EIN is the same thing as a tax ID. If you need more information on what an EIN is, or how to get one, check out our written page here: howtostartanllc.com/what-is-an-ein

[@bishopgoodnight3428]

Good information..... But I still had to pay........

[@16PLATNIUM]

I do this like 1wk ago & still no response from thim why

[@HowtostartanllcOfficial]

Did you apply online or by mail? The IRS recommends applying online, as it is the fastest method to expedite. If you applied by mail, it may take up to four weeks. There may also be a delay due to the coronavirus pandemic.

[@bhill1521]

I just formed a single-member LLC. I applied for an EIN for the business because I thought it was required. Now I'm learning that it's not required since there are no employees. I'm also learning that the LLC's EIN can't be used on W-9 forms if filing as a sole proprietorship. Only the owner's SSN or EIN. So my question is: Can I get a sole proprietorship EIN to use on the W-9 instead of a social security number? If so, do I list the business name when it asks for the trade name on the IRS EIN application, or can I leave that section blank? I tried entering the business name and it said I couldn't list an LLC.

[@HowtostartanllcOfficial]

Yes, it’s possible to get a sole proprietorship EIN to use on a W-9 instead of an SSN. When completing a W-9 request, the owner of a single-member LLC has a choice of submitting either their SSN or EIN. If the LLC will file as a disregarded entity, the EIN must be in the name of the member (owner). It cannot be an EIN that was issued to the LLC. Also, the EIN of a sole proprietor, like an SSN, identifies the individual and not a business. A sole proprietor that writes software, as well children’s stories will use the same EIN for both businesses, assuming that there are no employees, and no excise tax and pension plan returns to file. Get your EIN here: howtostartanllc.com/what-is-an-ein?ref=ytwhatein

[@bhill1521]

@@HowtostartanllcOfficial Thank you so much!

[@halerardin4252]

okay but I thought it was free. I'm getting a prompt to pay $236

[@HowtostartanllcOfficial]

EIN is free, apply for it here through the IRS website: sa.www4.irs.gov/modiein/individual/index.jsp For more information on EINs and how to get one for free, read this detailed guide: howtostartanllc.com/what-is-an-ein

[@rabiifarhat9696]

I just start online business, do I need EIN and LLC, but I don't sell anything yet, and can I do a business and work with a company at the same time? thank you

[@HowtostartanllcOfficial]

You technically don't need EIN or LLC until you make a profit. But if you run into any trouble, the LLC will protect your assets in case of a lawsuit or other legal matters, so it's generally a good idea to get it started. You can own a company and work for someone else at the same time, unless your employer prohibits it because you are competing in the same field.

[@hbarudi]

I hope doing this does not send the IRS to my business for making a deposit between $5000 and $10000 and then take that money without even charging me with any crime or tax evasion of any kind.

[@HowtostartanllcOfficial]

The IRS is usually forgiving with small business owners within the first year. If you have any questions or concerns consult a tax accountant.

[@hbarudi]

@@HowtostartanllcOfficial Then why do we hear about small companies that get attacked by IRS and have assets seized with no tax evasion or crime happening to them due to "structuring" laws?

[@blessedfavor3299]

This was not free I had to pay 125.00

[@HowtostartanllcOfficial]

Hi Blessed! How did you go about acquiring your EIN?