What Is an Entity Type?

When you think about running a business, chances are good that most of your attention is focused upon the product or service you’d like to sell, as well as how you would like to sell it. Far less attention goes into the behind the scenes work like actually setting the business up and ensuring that it stays on the good side of the United States government and the IRS. To do this, you will need to first obtain an employer identification number (EIN) and confirm your EIN status. How you do this, or if you have to do it at all, will depend upon your business entity type.

Which entities have to apply for an EIN number?

There are a variety of different business entities. LLCs and corporations, for example, are two of the most common and widely used options. If you are setting up either of these, you will most likely need to apply for a federal tax ID, also known as an EIN number. If you aren’t sure if you already have an EIN number, or if you need to apply for one, then you need to confirm your EIN status.

How do I apply for an EIN?

In order to apply for a federal tax ID, you will fill out the application online. Once your completed application is approved, you will receive your EIN number within a few business days. This is usually done via email. Overall, the process is a relatively painless one that doesn’t even take up much of your time. You can even complete it from your own computer in your home, which means that you can at least be comfortable while filling the application out.
If you need to check EIN status or apply for a federal tax ID, contact IRS-EIN-Tax-ID.com today! They offer great service at a great price.