The SS4 is the IRS form required to obtain an EIN (Employer Identification Number, frequently called a Tax ID number). The EIN/Tax ID number can be thought of as a Social Security Number for your business. It is usually required to open a bank account in the name of the business and to properly pay and account for any wage/payroll employees of your company. If you require this service we will prepare the SS4 form, and return with your filed formation documents for your signature to file with the IRS. Optionally, you can elect to have IncFile obtain your EIN electronically for you so you will have it ready to go as soon as your company is formed. Just check the appropriate options on the order form and we will send you the prepared SS4 or obtain your EIN electronically, as required.
Posted in EIN/Tax-ID# FAQ, General FAQ on February 4th, 2008
Due to the fact that the EIN is filed with the IRS in the name of the company, we have to wait until the state officially forms your company and we receive the official filed documents from the state in order to electronically obtain your EIN. Once we have received your documents from the state we will immediately obtain your EIN electronically and forward everything to you, ASAP.
Posted in EIN/Tax-ID# FAQ, General FAQ on February 4th, 2008
If you already have an EIN, and the organization or ownership of your business changes, you may need to apply for a new number. Some of the circumstances under which a new number is required are as follows:
- An existing business is purchased or inherited by an individual who will operate it as a sole proprietorship.
- A sole proprietorship changes to an LLC, corporation, or partnership.
- A partnership changes to an LLC, corporation, or sole proprietorship.
- A corporation changes to an LLC, partnership, or sole proprietorship.
- An LLC changes to a corporation, partnership, or sole proprietorship.
- An individual owner dies, and the estate takes over the business.
Posted in EIN/Tax-ID# FAQ, General FAQ on February 4th, 2008