Starting an LLC is a pretty straightforward activity when you think about it. But it does have some documents that could be hard to understand for some. There are documents that deal with different parts of a business and one of them is taxes. So, if you have a company, you automatically have to pay for this. And for this to happen, you have to get what is known as an Employer Identification Number or EIN. This is provided by the IRS through the ss-4 form. That is what we would like to talk about today and help give you an understanding of how this can be gotten. The first thing you need to understand is that this number is necessary to pay taxes. And also, it is part of setting up any kind of company including an LLC. This form is also needed if you are looking for a loan. Any financial institution will ask for this, so you better keep it ready. But how can you get one?
The Easy Method
The good news for anyone looking to get this form filled is that it is available online. All you need to do is download and get it filled up. Apart from the convenience that this method offers, it also gives you easier access to communication between yourself and the IRS. After you have downloaded the form, fill it out. This is quite easy as it asks for basic information such as the name, type of business and so on. Another advantage of the online method is that the IRS website is easy to understand and use. This is needed when the information is of a sensitive nature. After you have submitted the form, what else do you need to do?
Getting The Form
All of this is being done to get the EIN and that will be sent to you by mail from the IRS. Now, there are other methods you can such as posting the form or even faxing but this is arguably the most comfortable. Make sure you keep this number with you as it will have to be provided when asked for. Do not ignore this document thinking that it is unnecessary. It is part of your business, and it literally gives you an identity. So, get things in order and you are good to go.