Do you need to renew my EIN yearly?

No, but you need to renew your EIN when your business changes hands or restructures, or changes its name, address, type and some changes like these, you are in need to submit a new tax ID application.

What can you do with EIN?

What can you do with EIN? Hire employees Open a bank account for the company Apply for credit for the company Ask for local licenses and permits

When is a tax ID needed?

If you have a sole proprietorship or single-member LLCs without any employees, you may, of course, use your social security number instead of an EIN or tax ID.

What are the Self-Employed Tax Obligations?

Self-employed tax duties and responsibilities are much more than what the standard employee has. In addition to personal income taxes, the Self Employment (SE) fee must be paid. SE does include the cost of social security and medicare.

What is the W-7 Form for?

Filing a W-7 Form is necessary to apply for an ITIN. An ITIN is a nine-digit number used for only tax purposes issued by the US Internal Revenue Service (IRS).

Can I apply for an ITIN on my own?

Yes, but IRS forms are very complicated and confusing. You may not know how to fill out the ITIN form or which documents you need to submit. Filling out the ITIN form incorrectly may result in delay or even rejection…

Can I get an ITIN without an SSN?

YES, you can ONLY apply for ITIN if you do not have an SSN and without an SSN (Social Security Number) qualification. Apply for ITIN at here.

What are the Business Registration Steps?

Deciding Business Type Location of the Business Registration Getting a Registered Agent Registering Business Getting EIN Getting a US mailing address if applicable Opening a US business bank account Getting an ITIN if applicable Paying annual fees on time to…

Do I Need a Registered Agent?

You need a registered agent if you are a Non-US resident. U.S. residents can be their own registered agent as long as they have a physical street address. Let our experienced registered agents shape your companies legal status for everyone's good