LLC Federal Tax ID Number (EIN)
ฝัง
- เผยแพร่เมื่อ 7 ก.พ. 2025
- Step-by-step instructions: www.llcunivers...
Make sure your LLC is approved BEFORE applying for an EIN. If you do the EIN first, you’ll be attaching the EIN to yourself personally (as a Sole Proprietorship)... and therefore, your personal assets will not be protected.
IRS Online EIN Application:
www.irs.gov/bu...
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-- WHAT IS AN EIN (FEDERAL TAX ID NUMBER)? --
A Federal Tax ID Number is issued by the IRS to business entities. It is also known as an EIN, or Employer Identification Number. For simplicity, we will refer to it as the EIN.
An EIN is to a business what a Social Security Number is to an individual. It basically identifies your LLC to the IRS.
Even though it is called an Employer Identification Number, it does not mean that you have to have employees.
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-- WHAT IS ARE EINs USED FOR? --
EINs are used for:
- Opening business checking, savings, or investment accounts.
- Filing taxes.
- Handling employee payroll (if applicable).
- Obtaining business lines of credit or business loans.
- Obtaining credit cards in the name of the LLC.
- Applying for business licenses.
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-- WHAT DOES AN EIN LOOK LIKE? --
An EIN is similar to a Social Security Number in that it has 9 digits. To differentiate an EIN from an SSN, there are 2 digits followed by a hyphen and then 7 more digits.
An EIN will look like this: 68 - 3302189
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-- HOW MUCH DOES AN EIN COST? --
An EIN is free. You can obtain an EIN from the IRS.
(unfortunately, many websites charge $50 - $100)
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-- ALREADY HAVE AN EIN? --
If you already have an EIN (before forming your LLC), it’s most likely attached to a Sole Proprietorship. This is quite a common mistake.
You’ll need to close out that EIN and get a different one for your LLC (after your LLC is approved).
Here’s how to close out an EIN:
www.llcunivers...
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-- QUESTIONS DURING APPLICATION --
If you have any questions or if there are any errors messages that appear during your EIN online application, please contact the IRS at 800-829-4933. You can find additional IRS phone numbers at this link:
www.irs.gov/he...
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-- FOREIGN NATIONALS & ITIN --
If you are a foreign national and you need to apply for your ITIN please see the following information:
www.llcunivers...
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-- OPENING A BUSINESS BANK ACCOUNT --
You will need your EIN and your approved LLC documents (Articles of Organization, Certificate of Organization, Certificate of Formation, etc) to open a business checking account.
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-- DISCLAIMER --
This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.
LLC University® is a registered trademark of LLCU Media Group, LLC.
© LLCU Media Group, LLC. All rights reserved.
www.llcunivers...
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Hey folks, make sure to check the site for most up-to-date information: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/. If you don't have an SSN or ITIN, see these instructions: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/. Or select your state and start forming your LLC with our free guides: www.llcuniversity.com/.
Does it have to be a single member?
Can i get the EIN and then get an LLC after?
@@TheBanjavi25 - It's best to get the LLC approved first.
@@TheBanjavi25 - Nope. Any number of members is fine.
My wife is opening a day care she already has her license number does she need her SS4 form for a small business
Thanks for making this so painless and not so scary.
You're very welcome Debra!
Agreed. I felt so scared doing this, but I just did it and I am so excited
@@Markbro101 - Awesome Mark!
Just want to say thank you! Between filing my LLC and setting up my EIN your videos have educated me on the process and allowed me to set up our business with minimal expense. Much appreciated.
Thanks so much Bob! You're very welcome. Always love hearing that our videos and guides are helpful :)
The video is 5 years old but still incredibly relevant. Thank you for making the process so much smoother!
You're very welcome Matthew! We'll make an update video if anything changes, but the process is still exactly the same :) For the most up-to-date information, you can find that on our website: www.llcuniversity.com/irs/ein-for-llc/
I've been trying to open my own company for about 3 months and I'm still researching so I don't miss anything! Whenever you upload something it helps me out alot! :-)
Hey Shiya, awesome!! I'm happy that are videos are helping :) Is there anything else you need help with or have questions on?
Wow!!! You Have Made It Real Easy And simple to understand!!! Thank You So Much For Your Time And patients!!!🌹
You are very welcome!! Thank you for the kind words!!! Be well :)
I'm glad I stumbled across this site because it is just what I needed. There are lots of pay for nothing companies out there and waiting to grab your cash. I will look to this site and pay for services now
Hey Patrick, you're right... unfortunately, there are a lot of shit companies out there. Our website will teach you how to do everything yourself, but if you don't have the time (or don't want to), we'll also file for you. We prefer to present the truth and all options to our readers :) Hope that helps. Let me know if you need anything else!
This video is very helpful for anyone who does not know about EIN number.Thanks for detailed explanation.
Thanks Reddy!
Note, the confirmation page states, "It WILL take up to two weeks before your EIN becomes part of the IRS's permanent records" which means you must wait for that time period before the new number will pass the IRS taxpayer ID matching program. That means sites like Etsy cannot validate your new EIN until that occurs. Just keep that in mind if you're preparing for or in the process of setting up a new online retail store or business.
Thank you Jason. This is super helpful and an important point!
Thank for you sharing this information, I am about to become an Franchise Partner for the restaurant I’ve been managing for 12 years, and your website has been such a big help for me!
Heck yes!! That's awesome Michelle. Both on your new moves and that our website has helped so much. Happy to hear that & congratulations!
You guys are awesome, thank you for taking the time to make these very well structured videos.
Thank you Nelson! You're very welcome :)
Wow, the time I have saved watching all these videos on how to open LLC saved me so much time and money. Thank you!
That's awesome Betsy! Make sure to check out our website. The info is better laid out and more step-by-step over there :)
What if I used a registered agent in Albany NYS
The address with the IRS is the mailing address for your LLC. It's best to use your actual address. This doesn't affect the publication requirement. Hope that helps.
I'm SUPER-EXCITED about starting my business and ETERNALLY GRATEFUL for the information received on the LLC University page! I feel like I should give you a percentage of my first contract! :)
Heck yeah!! LOL, you're too kind! You are very welcome Theresa :)
I get an error message 105. what does it mean?
Hey Guillermo, reference number 105 means that you've made too many attempts online to obtain the EIN (using the same SSN, ITIN, or EIN), each leading to an error reference/code. Solution: Wait 24 hours and try the EIN Online Application again. If you still receive an error message, then we recommend filing Form SS-4 by mail or fax.
I have learned so many things from your youtube channel, the only thing is missing that is how to get or how to apply for ITIN as a non US resident. Thank you
Awesome Asim! Don't worry we have you covered. As a non-US resident, after your LLC is approved, you can actually get an EIN without an SSN or ITIN. Please see here: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/
Thanks for the video, I was able to follow through easily. Probably you could update the video to include my comment as follows. I am a Canadian and wanted to apply for EIN after the LLC was formed. Your video mentions that I will have to have a ITIN to apply for EIN. That is true when using online application, However by downloading the paper version of form SS-4, I was able to fill "Alien Individual" in place of the SSN/ITIN field and was able to Fax the application. I was advised by IRS on phone to do so.
Excellent comment! Yes, this video is outdated in that respect and this was a mistake I made then. I will pin this comment at the top for anyone else who does not have a US SSN. Use the paper Form SS-4 (www.irs.gov/pub/irs-pdf/fss4.pdf) and send it in by mail or fax (fax is much faster). On line 7b, write "Foreign".
Hi! I was just reading the Instructions for Form SS-4 and there's a Apply by telephone option, which is available to international applicants
only. I'm from Brazil and just opened a LLC in Florida. I got confused because under this option it says: "If you have NO legal residence, principal place of business, or principal office or agency in the U.S. or U.S.
possessions, you may call 267-941-1099 (not a toll-free
number), 6:00 a.m. to 11:00 p.m. (Eastern time), Monday
through Friday, to obtain an EIN".
I hired a business address for my LLC in Florida, would that be considered a "legal principal place of business"?
Thanks for all your videos! They are extremely helpful! :)
Considered. We have it noted. Thanks for the feedback.
Hey Miss Grebin, apologies for the slow reply. Did you get it figured out? We'll have a guide on our soon for how to complete Form SS-4 for foreigners.
I've just spent my entire day doing research on ITIN, 16 hours literally!!
I really appreciate all the information you provide for free and step by step, gently holding my hand and walking me through the process of forming my first and dearest LLC.
But because of this tiny mistake I completely freaked out and lost my sh*t a couple of times while reading ITIN application process - how I need to mail my original ID with my address on it, when my ID doesn't have any address on it and they're gonna reject it, how the process will take 6-7 weeks and they will mail the ID back to me when I'm going to move to another country in a month and I don't know what address to put in the form to get the documents back, so I need to move first, settle and then apply and a number of other terrible manipulations I need to do in order to apply for the ITIN, for example to file a federal tax return, when I don't know anything about it and will have to hire a layer anyway!
And just 15 minutes ago I found an article saying that I can file EIN by fax. I headed to youtube to leave a comment for others and give a link to the article and I see that you are aware about it! LOL "Video is outdated and I've made a mistake, sorry" - that is a nice attitude you know! I've lost half of my hair today and the other half has turned gray :'D
A tiny note on your website right above the video, saying we don't need ITIN to file by fax, would have changed the game. Thank you!
Don’t know how I came across this page but definitely subscribed🔥🔥🔥🔥
Awesome! Thanks!
Once I have a EIN. Is it mandatory to file income tax every Financial year even if you didn't do any business under that LLC
The EIN does not make it mandatory to file a return. If you have no activity, you likely don't need to file, but you should speak with a few accountants to be sure as we cannot provide tax information. Check out this strategy: www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/
Great question thanks
I don't know really how to thank you. You're so helpful and logic. Thanks for your help and everything you share. Appreciated!
You're very welcome Kar!
Muchas gracias LLC University. Este sitio es de gran ayuda para emprendedores y es genial lo simple de sus videos para fácil comprensión del proceso.
Es un placer! Muchísimas gracias :)
O.M.G thankkkkk youuuu sooooo much for doing this video. I was Soo upset seeing $300 and $275 for the application. I was following you step by step and I get it right away. I can wait to meet to thank you for my independent.
You're very welcome! Happy to hear that we could help :)
Perfect, simple and straight to the point video.
Awesome. Thanks Afsar! Glad it was helpful.
Super easy thank you for making this video! We thought it would be a long drawn out process but in less than 15 minutes it was done.
Hey Nunya, you're welcome!
Great vibe and info on this video. I just recently requested my EIN and ready to get started.
Thanks PRME! Appreciate the kind words :) Best wishes w/ the business man.
All US citizens and permanent residents have a Social Security Number (SSN), which enables these individuals to apply for an EIN. If you are a foreign national with a green card, you can also use SSN.
Hi Amanda, that is correct. Apologies for the video... as it didn't cover that in detail and has a part in that is incorrect. We've updated this page on our site (www.llcuniversity.com/irs/ein-for-llc/), so it now has 3 versions of EIN instructions, including instructions for those with an SSN or ITIN and instructions if you don't have an SSN or ITIN. Thanks.
So, I can apply for EIN under my legal name as US citizen??
This is awesome!! all information you provide are what I've been looking for. i really appreciate it!!!
You're very welcome! Glad it was so helpful :-)
Thanks for sharing! Was able to get my publishing company set up with your help. Much appreciated. 🙂
Awesome!! You're very welcome :)
Thank you so much for your help. I really appreciate your time to post info. Thanks again
You're very welcome Terrence! Thanks for the comment.
Because of your content I saved a lot and learn a lot!!!
So awesome to hear Sophia!!
yes yes yes very please was able to follow through with clarity..., again Thanks
Awesome! You're very welcome :)
Thank you for making this easy to follow and understand.
You're very welcome :)
Thank you so much you videos helped both me and a client of mine start our llc's
Awesome! You're very welcome!
Thank you so much for the video and lessons to come
You're welcome Tracy! We recommend using our website for anything state-specific: www.llcuniversity.com/
Awesome video, quick and straight to the point.
Thank you sir!
Thank you, your video really helped guide me through the process.
You're very welcome Lazarus!
Ok you are much easier to the ears very detailed and understandable ✅💣
Why thank you! Glad it was helpful :)
Thank you so much, this was very helpful.
You're very welcome :)
Excellent Thank You Sir. Very Helpful!!!!
Hey Ivalina, thank you! We're glad we could help!
Thank you for video.
You made easy for us to understand SS-4 process.
You're welcome, Osh. We have some updated info here, if helpful: www.llcuniversity.com/irs/ein-for-llc/
thank you for the Great explanation.
You're welcome!
Thank you so much for this free and valuable info!
You are very welcome! :)
Hey! I'm genuinely amazed, that you respond to LITERALLY every comment!
And here's my question:
If I'm non-resident alien without SSN/ITIN, then can I get EIN for llc in other way than by mail or fax?
I'm confused, because on your website it says, that mail/fax is the way to do it. But I've seen NRA Brazilian, who obtained this EIN by phone. I can find YT link if necesary to prove.
Also how do attorneys and other registering companies obtain EIN for me in matter of days if I have no SSN/ITIN? Do they use their own SSN?
Hey Daniel, thanks! Appreciate the attention to detail ;) The Brazilian non-resident alien got it done, but it's technically not correct. That international phone line (267-941-1000; 6am-11pm US Eastern Time) is for companies that were formed OUTSIDE of the United States... not for non-US residents who formed an LLC INSDIE the US. The only method we stand behind is mailing or faxing the SS-4 (instructions here: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/). If you hire an attorney or other person to get an EIN for a non-US resident, they are still completing Form SS-4 and entering "Foreign" in line 7b. The only difference is they add themselves at the bottom as a Third Party Designee. There is no way to speed it up though. So anyone who claims they can get an EIN for a non-US resident in days is most likely doing something incorrect (they shouldn't be listing themselves as the EIN Responsible Party and using their SSN, for example). Either that, or there's something we don't know. However, we've worked extensively on this subject matter. I'm not saying we're 100% accurate, but we don't publish any information we can't stand behind. If I'm wrong though, do let me know. Thanks!
11 minute response time - you're a champion C:
So he cheated the system, but will there be any repercusions by using the incorrect method? I mean, that if the IRS doesn't really care and it works, then why shouldn't we use that loophole?
We don't know if there are repercussions; we can't say for certain as we're not the IRS. Again, technically that phone number is for companies formed outside of the US that want to get an EIN. So while you may get an EIN, we have no idea if the IRS representative understands what's going on and/or how they are entering your information in their system. There is a chance the EIN is issued, but the record isn't created correctly. The reason we don't publish this information, is that we can't stand behind it. And we don't know if it's a guaranteed/reliable "loophole". We only publish something if we can back it up and we know that it works for thousands of readers.
You are awesome this video was so useful. Thank you so much.
You're super welcome Omar! Thanks :)
thank you very much!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!👏👏👏👏👏👏👏👏👏
Sure thing man!!
Thank you very much, your video is so clear and easy to follow.
Awesome! You're very welcome :)
Thank you so much for a detail explanation!
You're very welcome Diana!
Hello Matt I would first like to thank you for all the help I would be so lost without it. The question I have is when applying for an EIN should I always use my registered agent address for my mailing address? And would the same go for other important documents? Thanks !
Hi Cody, you're very welcome :) For the IRS, we recommend using your best address. The IRS doesn't really care about who/where your Registered Agent is. They just want a good mailing address. Your Registered Agent also doesn't want you using their address for all kinds of business things. It should really just be used on the LLC paperwork.
Thank you for making this so easy!
you are appreciated
You're very welcome Wendy!
Awesome video guys, I just linked my LLC with its own tax ID number. it may sound like small fry stuff, but my future looks bright. thanks!!!
You're very welcome Ezra! Happy to help :) Have a great weekend.
Thank you for your kindness and time to help and guide people like me, I'd really appreciated it. I have a question, I'm opening an LLC and want to import/sell raw spice in the USA, I got confused with the type of business category should I choose ? retail ? do I need to specify that I will be selling spice? please help.
You're very welcome :) Import/export would be better under the "wholesale" category. Hope that helps.
thank you very much@@llcuniversity
Thank you so much!
You're welcome Vbae!
I am registering for an EIN as a single member LLC . I have a home run Photography business. A few queries here please.1. Legal name can have llc without comma before. 2. trade name is just the legal name without LLC written.3. Type of entity. I don't know what to write. 4. Do I write photography service and prints sold. Thank you so much Love the clarity of your video it was so helpful.
Hey Saba, did you already form an LLC? Did you also file a DBA too... or no, just LLC?
Thanks! I would've loved to see a multi-member application.
You're welcome! Ah, good call! We do have that info on our website though: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/
So helpful! Thank you!
You're very welcome!
Thanks A lot for this info ... You’ve definitely saved me A Lot of money and time 🙏🏾
You're very welcome Kenny! If you need anything else, just toss "llc university" into your google searches ;)
LLC University one more question ; if I already have an LLC and looking to be a member under another LLC , is it possible? , and what are your best tips for doing so .
Thanks in advance
Hi Kenny, do you mean you want to own a 2nd LLC? Or are you trying to add an additional member to an already formed LLC?
LLC University correct .. already own a single member LLC , but want to be added as a member of another existing LLC
Okay, I see. The process is not straightforward and we recommend hiring an attorney. But here is the overview.
1. Someone needs to sell/transfer some of their LLC membership interest to you. This can be done with an Assignment of LLC Membership Interest form.
2. They'll/you’ll need to amend the LLC’s Operating Agreement showing that the new Member was added and reflecting the new ownership percentages.
3. They/you may need to amend the Articles of Organization (or equivalent form) with the Secretary of State, depending on whether or not the Members are listed. What state is this LLC in?
4. Visit the bank together, show the bank your documentation, and add yourself as a signer. We recommend calling the bank ahead of time to make sure you have all the documents they need. You likely need to go to the bank with all the Members.
5. How many Members are in the LLC (before adding you)? You may need to file Form 8832 with the IRS to change the tax classification, but it depends.
6. You may need to update the account with the Department of Revenue or equivalent agency in your state.
Thank you for the video it was simple and clear...
You're very welcome. Thanks for your nice comment!
Thank you so very much for all this extremely helpful information!!
You're very welcome Yaqiyn!
Very Informative. Thank you.
You're very welcome!
thanks for the help and direction
You're welcome Arion!
Fantastic explanation!! thanks
Thanks Carlos!
Ok! After watching your amazingly informative video on forming an LLC, I'm happy to report that my LLC has been approved and is ready to go!! However: I had planned to set up a DBA (doing business as) name under the LLC - should I do that before applying for the EIN?
Thanks Sean! It would be best to get the DBA done before the EIN application. This way, you can list the LLC name and the DBA both on the application. Hope that helps! Keep rockin'!
Can I ask you when filling out the paperwork am i also creating a LLC or is that something totally different. I see that you put the LLC name. But was just wondering. You made the entire process so easy thank you. Even explaining everything how calm and clear you were.
Hey Desiree, thank you! Glad it's helpful. No, this doesn't create an LLC. This is the step that's done to get an EIN for an LLC AFTER the LLC is approved. If you stop by our website and click on your state, you'll find instructions on how to form an LLC. After your LLC is approved, then you'll get the EIN. We also have detailed EIN instructions on our website too. Hope that helps!
Thanks man,you made it so easy!👊
You're welcome Daniel!
Thank you so much!!!! Love ur educational video
You're very welcome!
Hi Matt. I hope you can see this comment and reply back. I send an SS-4 to the IRS a month ago via an online fax service ( got the success message of course). I waited a month exactly and yesterday I called them to get a Verification letter, as you recommend on your website. The guy could locate my LLC, but he said my application is not in the system. I dont know why this can be. He suggested I re-send the form again and write " second request" on it. By mistake I sent a normal form, instead of the writing on it. Now I'm in a pickle. what if they find the initial application I sent and reply with the number and then get the other one I sent and reply with a new number. God only knows when that's gonna happen. This is so frustrating! What do you suggest I do? He suggested I call back on August 6th. I'm really confused.
Hey there, no worries. It's not a big deal. First, the IRS is delayed right now due to covid-19. Some EIN Applications can take 45-50 (sometimes even 60 days) to process. If you get one EIN, just use that. If you get a second one, it's not a big deal. Just mail the IRS a Cancellation Letter (www.llcuniversity.com/irs/cancel-ein/) to close out the extra number. Hope that helps!
@@llcuniversity thank you. Fingers crossed
@@followmearound123 - You're welcome!
Do you put your actual home address or can you put a virtual office address for the EIN?
Hi Faye, you can either one, whichever you prefer. The IRS simply treats this address as a "mailing address", so whichever place is easier and/or more reliable for you to get mail. Hope that helps.
question did you put your address for physical and clicked yes for different mailing address. or used virtual office for all?
@@Homefront18 The video was just a sample. Can you ask the question as it relates to your situation? What are you looking to accomplish or what's your question?
I can't thank you enough for your super awesome videos and website! It has made this transition so much easier! I do have a question though. I am starting a handmade gift business. I didn't know if I should select retail or wholesale? (I plan to sell online, direct sales, and move into wholesale in boutiques.) Or something totally different? I really appreciate your help and am so happy my friend (who is also in the process of starting his business) referred me.
Heck yea! That's so awesome your friend referred you Lacey :) Retail would likely be more accurate. Retail includes eCommerce (www.irs.gov/irm/part4/irm_04-043-001). Hope that helps! Let me know if you need anything else.
@@llcuniversity I got it set up. Thank you again for your help 😊
Awesome! You're welcome :)
Hi
First of all, i would like to thank you a lot for the work you are doing , It is very helpful and I wish you a big success. I setup my LLC with Northwest like you adviced. I then use their address. Now I have two questions
1- In the EIN application, will I use the Northwest address as the principal LLC address and mailing address?
2 I am not US citizen but a permenant resident with a SSN. Can I use the SSN and apply online right?
Thanks
Hi Yawu, you're very welcome! Yes, you can apply online if you have an SSN. We have instructions here: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/. You'll want to use your best mailing address for the EIN Number. And typically, when opening a bank account, the bank may want this address to match your LLC's other addresses listed. Hope that helps.
Hi, Thanks for making these easy to understand videos. I would like to if I should be entering my home address or the registered agents address as I don’t have a physical address for my business? Thanks for your help!
With the EIN application, we recommend using your home address. This way, any notices or paperwork from the IRS will go right to you.
@@llcuniversity thank you!
@@knights673 You're welcome :)
Thanks for sharping great information!
You're welcome!
Looks so easy !!!
Do i have to do this every year???
Or is forever??
Hi Lala, no. An EIN is a one-time thing. After the LLC is approved, you apply for an EIN. The EIN will be used on the LLC's bank account, filing taxes, and other government-related forms. Hope that helps.
Thank you for your video! When filling out form what do you put for a start date if you haven’t officially launched your business? Also when first starting out do you put filing quarterly or annually on the SS4 Form? Thank you in Advance!
For reference it would be for a sole proprietorship.
Hi Barbara, you can use the approval date of your LLC. For #14, if you don't have employees, just leave it unchecked. We have more detailed instructions on these pages below.
File online: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/
File by mail or fax: www.llcuniversity.com/irs/apply-for-ein-for-llc-ss4/
@@llcuniversity Thank You!
For the principle/physical address, if we used Northwest (Albany) as the registered agent do we put their address ?
Same with the "Tell us about your LLC" page, for the county do we put Albany or the County we really reside in ?
The purpose of the IRS asking for an address is to ensure that their mail/correspondence will reach you. No one outside of the IRS should see this address (and there won’t be communication between the IRS and the NY DOS regarding this address), so you don’t have to list the temporary Albany address you used to meet the NY publication requirement. You can just list your normal/regular NY address here. Hope that helps.
Thank you !
Tank you sir good job 👍
You're very welcome :)
Nice job
Thanks!
I just want to say "thank you" for your videos. They have been very helpful.
You're very welcome Isabel! Thank you :)
Regarding the mailing address and physical location of the LLC, in say NY, would it be the owners home address or the registered agents (UPS mailbox address)?
For the LLC's EIN, there is flexibility in the address you use as it will be treated as the mailing address of the business, so any address where it's easiest for you to get the mail. The address isn't on public record either. Hope that helps.
Very good man.. thank you!
You're welcome Allan!
Great info. thanks for sharing.
You're very welcome!
What if I don’t have an address for the business as it is an online business?
You can use a home address when applying for the EIN. You will need an address though. You can't not use an address and get an EIN.
@@llcuniversity really? What will happen after I use my home address for the business?
@@BabyGangstahh - Yes, the IRS simply needs a mailing address to send tax correspondence. The only thing that will happen is you'll have an EIN Confirmation Letter with your LLC name, your name, and your address on it. Hope that helps.
@@llcuniversity lovely thank you
@@BabyGangstahh - You're welcome :)
I was saying there is ppl that get ein s online rhat are independent contractor an u don't have to have an llc to get an ein for my job for my insurance an for my self proportership for my job
Hi Clarisa, thanks for sharing. That all makes sense. What I meant by my comment was that our company just focuses on LLC education. Thanks for your understanding.
Thank you so much for your video. It helps me alot also save money. I appreciate it.
You're very welcome Nang!
This was VERY helpful, Thanks!
You're welcome Bonnie!
useful contents, thank you
You're welcome :)
Awesome!! Thanks for your help, God Bless You!
You're very welcome Jorge!
Thank you so much for creating this video. It was so helpful. Just want to confirm, once I complete the articles of corporation and receive the email receipt. Does that mean my LLC is approved or do I need to wait for the certified copy in the mail or another communication via email before proceeding with setting up my EIN. Please note the filing will be done in NY.
If you file online in NY, the Articles of Organization is approved instantly. So once you pay and download your Articles of Organization (and other docs, if ordered), you're LLC is approved and officially in existence. If you file by mail, you'll need to wait until you receive back your stamped and approved Articles of Organization in the mail. Hope that helps!
Thank you!
Very helpful. Thank you!
You're welcome Meg!
So, I've created a bit of a dilemma for myself. I created an EIN first but then found out that the business name I listed it with was taken. So I decided to send the IRS a cancellation letter like you've outlined in your website, and after nearly two months, I've heard absolutely nothing back. Now my question is: do I send a second request to take that EIN down, or just forget about it and create a new one? Does it matter in the first place? I'm hoping I can just shrug it off and make a new one (this time researching a name that isn't taken ahead of time) instead of waiting another two months for a confirmation that might never arrive.
The IRS is required to respond in writing to written requests within 60 days, so you should receive confirmation shortly of your first EIN cancellation. Don't cancel it again, but you can always call and check the status. That's the easiest thing to do. We have the phone number towards the bottom of this page: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/
Good job dude.
Thanks!
You're welcome!
Hey. I truly appreciate all of the work you've put up to help people with these processes. I plan on forming a single-member LLC for myself. I am in NY. I will not have any employees working under me. IS it better for me to get an EIN or remain A sole-proprietor under my own SS# once I've formed my LLC? Thanks so much
Thanks Ferro! You're not a sole proprietor, but rather, your Single-Member LLC is, by default, taxed as a Sole Proprietorship by the IRS. Subtle difference in wording, but big difference legally. We recommend getting an EIN for your LLC since the bank will likely ask for it when you open your LLC bank account. Hope that helps.
Thank you. And again I must say how much of a blessing you and your services are. Its beyond beneficial. Will that mean I have to file more than a Schedule C come tax time (If I get an EIN)?
Thanks so much for the kind words :) It makes the hard work very rewarding. Most LLCs will just have a Schedule C as a part of their personal 1040 tax return, however, you may have additional Schedules and Forms depending on how make money. And that would be the same whether you had an EIN or just filed with your SSN. We recommend working with an accountant though once you get the LLC setup to make sure you file taxes properly. 3 levels to file for (and often, even if $0 tax is owed): federal, state, and local. We have some tips here for finding an accountant: www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/. Hope that helps!
Thank you so much again! You guys are such a great asset!
You're welcome :)
Great content Matt. Thanks a lot. Just one question. If I am a non-US resident but have incorporated my company as an LLC in Delaware it is possible to open a business bank account without an EIN. I have attempted to do so with Wise and Revolut without success. I was wondering if there was a workaround or if this is something I cannot avoid. Thanks.
Hi Tom, no, you'll need an EIN to open a bank account. We have instructions on EINs for non-US residents here: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/
Also, here is LLC banking info for non-US residents: www.llcuniversity.com/foreigners/open-us-bank-account-llc-non-resident/
Thank you for the video. I have a specifi question about the member part of the application.. are you available for paid telephone support?
You're welcome Jeiver. The IRS doesn't ask for Members. They just ask for the EIN Responsible Party: www.llcuniversity.com/irs/ein-responsible-party-for-llc/
We don't offer such a service, but feel free to leave your question here.
@@llcuniversity thank you again for responding.. so here is the specific question that I have; my partner and I have an investment property that we do 100% of the management duties for. We have a 3rd partner who is a passive investor. We set up an LLC in FL. and we only put us 2 on the State LLC registration as Authorized member(he will be in Oper. Agreem), so the question is do all 3 of us have to be on the EIN registration in the "member" or can it be just the 2 of us? .. or better yet just one of us?
@@jespi510 - Hi Jeiver, please see the link in my other reply. There is only 1 EIN Responsible Party on file (not all Members). The Members are disclosed during the 1065 Praetorship return filing. It also sounds like your LLC is a Manager-managed LLC: www.llcuniversity.com/member-managed-llc-or-manager-managed-llc/
Thanks for this video! It’s was very helpful. Should I Charge taxes since I have my EIN?
Hey Jazziee, which type of taxes are you referring to... sales tax? If your business needs to collect and remit sales tax, then yes. And you'll need to register your LLC with the state's Department of Revenue or equivalent agency. Hope that helps.
hey thanks for the information really helpful..I do have a question though. regarding the question, does your business own a highway motor vehicle? currently the answer is no, but I plan on getting one in the next few months for my Business.. would the answer be no or yes?
If the vehicle you're going to get is a "heavy" vehicle (over 55,000 pounds), then you need to file an extra form and pay taxes to the IRS. Checking the box just give the IRS a "heads up" that they should expect that return. More info on Heavy Highway Vehicle Use Tax is on this page: www.irs.gov/businesses/small-businesses-self-employed/trucking-tax-center
Do I have to send the bottom of the letter in that says "return this part with any correspondence so we my identify your account ".?
No, I never send them in. What they mean/intend with this, is that if you ever have to mail a letter to the IRS in the future, to make sure you include your LLC name, the EIN, an address, your name, and your contact information. Hope that helps.
First off thank you for your wonderful help. Now to my
question, if I were to file my llc with the DOS in new York using the northwest
registered agent, I would have to list Albany as my primary address for
publication purposes. When I apply for an ein number with IRS, would I have to
list the physical/primary business address as the northwest registered agent
address also? I am confused because with the department of state I would have
to list Albany as my place of business, but with IRS I would have to list New York
city as primary business address, if I am understanding what you said in the video
. I am assuming this difference wouldn’t matter much, and that I may be overthinking this, but would greatly appreciate
your confirmation.
Hey Michael, you are correct. You'll use the Albany address with the DOS and you'll use your NYC address with the IRS. The two agencies will not be communicating with each other.
Thank you for your help! Yes I finally got that portion completed.
Awesome. You're welcome!
@@llcuniversity Hiiii!! I had the EXACTTT same question thank you so very much!!
Thank you for asking this!! I had the exact same question about here in NY!! Good luck and God bless!
This is great video. Can I share this with my college class?
Thanks Laura. Yes, you certainly can :)
So what is Llc ? I confuse I’m trying to open a barbershop it’s two partners and why is only one person have to use their ssn to get an ein when its two people opening up for a barbershop as partnership? Great video btw
Hey there, the IRS only needs one Responsible Party. We have more info on that here: www.llcuniversity.com/irs/ein-responsible-party-for-llc/. And we have a video on "what is an LLC" here: www.llcuniversity.com/what-is-an-llc/. Hope that helps :)
so i just got done watching and reading information on your website and better understand domestic vs foreign llc. my concern is i currently live in texas and will do business here but i plan to move to either cali or Georgia in the near feature...what do i do with my llc i formed in texas...can i transfer it to another state...or do i close it and open one the other state.. also i am in the stage of becoming a food truck...that will travel...will my llc in texas provide protection as i sell in other states
Hi Venita, there are 3 ways to "move" an LLC. Dissolve and form a new one, register as a foreign LLC, or "domesticate/convert". It's a bit much to explain it all here, but if Texas will be somewhat of a base for you/your business, then possibly keeping the Texas LLC and having a foreign LLC registration may be the simplest. It'll keep it all under the same EIN and bank account. It's essentially 1 LLC (the TX LLC) that will be authorized to do business in all states (in addition to TX) where it is registered as a foreign LLC. Hope that helps.