Should I obtain an EIN before or after officially beginning my business?
After you officially open your business, there will be several times where you will need to have an EIN. There will be many essential milestones you will encounter that cannot be completed without an EIN. Therefore, you are in need to have it as soon as possible.
Why do I need an EIN?
Employer Identification Number – EIN, in other words, the Internal Revenue Service – IRS uses the nine-digit number to track the tax obligations of various legal entities.
When you get an EIN, you may do the following tasks:
– Hire employees
– Open a bank account for the company
– Apply for credit for the company
– Ask for local licenses and permits
As it has been shown before, it is very important for every point of the process to sustain the business correctly. The easiest and best way to get it is through an online platform. Other forms of application can last for roughly three weeks. If you apply online, you can begin using your tax ID number the next day.
If you lose your EIN, you may find it again by using the online portal to re-take your EIN for free.
Don’t wait any longer. Apply now. We are here at your service.
Ein-itin.com is a brand of Cohen Investment LLC, act as a Certified Acceptance Agency. Ein-itin.com provides professional services to prepare and apply for an Individual Tax Identification Number (ITIN) to submit through IRS. As a Certified Acceptance agent , Ein-itin.com prepares and submits applications for an Individual Taxpayer Identification Number (“ITIN”) on behalf of their applicants. Ein-itin.com tracks the application processing and notifies ITIN Applicants for their ITIN Confirmations. Ein-itin.com understands the applicant situation, inform before the ITIN Application process. Ein-itin.com helps to applicant to apply for their ITIN in a convenient way to avoid mistakes and rejection for ITIN Application. Any individual may hire us to prepare, submit and obtain his or her ITIN Number (via W7 Form) application to the IRS.