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What is an EIN? An Employer Identification Number (EIN) is a nine-digit number that IRS assigns in the following format: XX-X.
We recommend you form your LLC before you get your EIN. One of the main reasons is that when you apply for your EIN, the IRS application asks you to submit the approved legal name of your business and the date it was formed. So, it is helpful to have your LLC formed and registered before you try to get your EIN.
If you are planning to start a new business and the entity being formed is a Limited Liability Company (LLC) then you will need to apply for and obtain a new EIN.
Follow these steps to apply online for an EIN for your business. Determine eligibility. ... Apply at the IRS website. ... Select your business type. ... Provide a reason for requesting an EIN. ... Authenticate your personal information. ... Business location. ... Business information. ... Receive EIN.
An EIN is not the same as an LLC (Limited Liability Company). An EIN, also known as a federal identification number or business tax ID, is a tax identity. The IRS assigns EINs to distinguish unique business entities, including sole proprietors, LLCs, corporations, partnerships, and nonprofit organizations.