Employer Identification number

[basiafiolek]

I want to start a business anyone know how EIN work? and were I can obtain one? how much should I pay for Employer Identification number is there an annual fee for EIN? Is Federal Tax id the same as Federal Identification number?

[biuro446]

Employer Identification Number (EIN) is also known as a Federal Tax Identification Number so yes Employer identification number is your Federal tax id you is your social security but not for personal but for business and remember is used to identify a business entity. Generally, businesses need an EIN. You may apply for an EIN in various ways, and now you may apply online you just need visit Internal revenue services web site and apply for free there is no annual fee.

[basiafiolek]

I recently formed a limited liability company (LLC) in the State of Connection. I went to Hartford Commerial Division office pay those fee it was like $65 dolllar and then pay expediated services fee of another 25$ and they gave me my LLC document the next business day. Of course I was drive to Hartford downtime to pick up but it was wort this! Here is a question my LLC has not employees I am the owner so I call myself Chief Executive Officer do I need to seperate Federal Tax ID number for the LLC?

[blackship357]

No, you will not need a separate Federal Tax ID number for the Limited Liabality company LLC, if you are the sole owner ( you are only owner of this company) of the LLC and the LLC has no employees ( you dont hire anybody ) You will not need to get a separate Federal Tax ID number, because you pay you taxes on your social security number in schedule C, Schedule C is for LLC with no employee and also sole owner

[cassie]

You will only need an Employer Identification number if you hire employees. If you don't have employees, you can use your Social Security number. To apply for a EIN go to IRS.gov and search for Employer Identification number.

[mojehaslozgaslo]

I have my Employer Identification number for over 10 years but never hire any employees so I keep this maybe someday I open new corporation and will use this tax number.. just joking.. I can't actually uses this I will need to apply for new EIN for new corporation!

[pheinbaugh2]

It should be on your tax forms.

[pranith]

i think you just want to have an employer identification number if you hire some employes . if you dont hire employees then you can use social security number.