Lead Thinking The Business of Software Development

Creating a LLC – Getting your EIN

What is an EIN?

EIN stands for “Employer Identification Number”, but in reality it’s deals with a lot more than just employees.

It’s basically your companies identification number with the IRS.

Why do I need one?

You’ll need one to do almost anything with your company. Banks will require one, as will Merchant/Gateway accounts.

How to get an EIN if I’m a US Citizen

Although your incorporation company might offer to get you one (for a fee), you don’t need to go down that route.
Instead, you can apply free online at the IRS website.

How to get an EIN if I’m not a US Citizen

This is a bit more tricky as the online service only accepts US citizens.

You’ll need an ITIN (Individual Taxpayer Identification Number) which is a tax processing number for people without Social Security numbers. You should be able to get one in your countries US Embassy (check their website first). Take two forms of photo id (passport & driving license) and your incorporation documents. Once you’ve got an ITIN you can apply online for your EIN.

If you’re in a hurry, you can pay your incorporation company to get one for you. However, you’ll need to apply for an ITIN at some point, as you’ll need it when you file your personal tax return.