What Does a Sole Proprietor Need To Get an EIN?

 

An employer identification number is a taxpayer identification number used for businesses or other entities that are not directly related to one person, such as estates. If you own a sole proprietorship, you may need to secure an EIN in certain situations. If you have employees, then you must get one. Even if you don’t have employees, you may need one to open a business bank account and conduct other formal business activities. Luckily, it is not too difficult to get one.

Working With the Proper Agency

The first thing you need to know is that all EINs are issued by the IRS. However, you do not have to go directly through the IRS to get one. You can use a service that simplifies the process and allows you to just fill out a quick form to get the number. Either way, you can file your SS-4 online, so there is little hassle.

What You Need

Regardless of whether you go through the IRS or a service, there is some information you will need to file for your sole proprietorship tax ID number. You must provide information about your business. This includes noting it is a sole proprietorship as the business entity or business form. You will also need your personal information and the business name. Finally, you have to provide your Social Security number or other taxpayer identification number. It is important to ensure you enter all information into the form correctly. Any mistake could delay your application or lead to a denial, which could complicate the process of securing the EIN.

Get Yours Now

Ensuring that you get your EIN for your business requires filing the proper forms. If you want to make the process easier, consider going through IRS EIN Tax ID Filing Service. You will fill out a form that is easy and quick, and the company will then do everything else, including communicating with the IRS. Get started and learn more here.