Tax Id Number Information

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FEDERAL Tax Id Number

Employer ID Numbers (EINs)

An Employer Identification Number (EIN) is also known as a federal Tax Id Numberentification number, and is used to identify a business entity. Generally, businesses need an EIN and it is recommended to obtain one for your business.

Nevertheless, you definitely need it in the following situations:

You Need a Federal Tax Id Number:

  1. If you have a corporation,

  2. If have employees, or

  3. If you are obtaining a Wholesale / Retail License ( Some States Require that you obtain a federal Tax Id Number as well)

  4. If you don't want to use your social to open a bank account, you can obtain a federal Tax Id Number and use it to open a business bank account.

  5. If you want to build corporate business credit. See Below.

 

 

Building Corporate Credit
Starting a business gives your the opportunity  to establish a new and separate credit profile that allows you to build credit  for your company,  to receive loans, credit cards, lines of credit, etc.
1. Incorporate or Form an Limited Liability Company
 Click here for our incorporation and Limited Liability Company formation services.
2. Obtain  Federal Employer Identification Number (FEIN)
3. Open a  Business Bank Account
4. Obtain a D-U-N-S Number
5. Comply with Local and State Licensing Laws
Obtain all necessary business licenses, permits, etc.
6. Business Phone  and Yellow Pages Listing
7. Same Business Address
Use the same business address used for  DUNS number, the yellow pages and phone number as well as on business licenses and  credit cards.
8. Apply to friendly Creditors

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