Tax & commercial documents
Your EIN.
The Employer Identification Number that gives your US company its standing with the IRS. Required to open business bank accounts, file tax returns, manage payroll, and access financing.
What an EIN is.
Few steps matter more in the early life of a US company.
Discover more
Why it matters.
The number underwrites the everyday functioning of a US company.
Discover more
How to request it.
The EIN is requested from the IRS, the Internal Revenue Service, through its official form, on which the company's essential information is set out.
Discover moreWhat an EIN is.
Few steps matter more in the early life of a US company. The EIN is among the first the federal government asks of any business it intends to recognize.
The EIN, or Employer Identification Number, is the identification number of your business, also known as the Tax ID, or tax identification number of the company.
It carries nine digits, presented in the form XX-XXXXXXX.
Why it matters.
The number underwrites the everyday functioning of a US company. It is required for filing tax returns, completing state forms, managing and paying payroll, and, above all, for opening commercial bank accounts in the company's name.
It also lends your business credibility with suppliers and clients. The number signals that the company is properly registered and tax-compliant, which is the quiet foundation of trust between business partners.
It is equally essential to accessing finance. Many banks and financial institutions require the number before assessing a loan or a line of credit. Without it, doors that would otherwise open to a growing business remain closed.
Finally, the absence of an identification number invites penalties and complication. Keeping the company in good standing is the surest way to avoid difficulty later. Should you have questions about obtaining the number, our advisors are at your disposal.
How to request it.
The EIN is requested from the IRS, the Internal Revenue Service, through its official form, on which the company's essential information is set out.
Delivery can take anywhere from 1 to 10 weeks. Where a partner holds an SSN (Social Security Number) or ITIN, the EIN may be applied for online, which shortens the response time considerably. Prodezk attends to the matter end to end, from the form to the delivery of the EIN letter.
Details
What an EIN unlocks
- Open a business bank account
- File federal tax returns
- Manage and run payroll
- Apply for business loans and credit
- Establish vendor and supplier relationships
- Onboard with Stripe, Amazon, and other platforms
Questions
Frequently asked
What happens if my business doesn't have an EIN?
The company will not be able to carry out any operation. The EIN is mandatory when incorporating your company in the United States.
Is it possible for the EIN application to be denied?
Normally, if the IRS finds an inconsistency in the form, or requires more information, it will be returned for a second application.
Does the company need to have an EIN to open a business bank account?
Yes. It is an essential requirement of the banks that the company already has its tax identification number to open the business account.
If I have a Social Security Number or ITIN, should I file the form with the IRS?
If you have a Social Security Number or ITIN, Prodezk carries out the process online for you, so it isn't necessary to fill out the form. This also implies a shorter response time.
What type of business should get the EIN?
Any type of company that is incorporated must obtain its employer identification number for the proper management of it.
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