EIN being an Employer Identification Number.
You can find the start page here at irs.gov.
This is the second time I have done this, well, second time I have had an EIN. I'm pretty sure the lawyer did it the first time around. If I remember correctly, that cost me a whopping $500, 5 years ago. Of course that included incorporation as well.
I remember how daunting it was back then, starting your own business. I felt like I had to hire a lawyer to do it. The truth is, it's very easy to do. Especially if you consider the sheer volume of documentation that exists on the Oracle database...this is a piece of cake.
It took 10 minutes to complete, but most of that time was spent doing screen captures. Twenty steps in all.
Landing page from the link above:
Begin Application:
Choose the type of business:
"Sub" Corporations:
Confirm your selection:
Why do you need an EIN?
Principal Officer?
Individual details:
Location of corporation:
Verify physical location:
"Accept Database Version" is funny. Do most people understand what that would mean? I guessed that's the USPS version of my address...but I tend to work with these types of scenarios.
Corporation details:
More about the corporation:
What does your corporation do?
I selected other because there was no IT type category on there.
What kind of Other?
What kind of Consulting?
How do you want this delivered?
Summary:
EIN assigned!
Additional information:
Thank you!
Pretty easy all in all. I bet is was a bit harder 5 years ago (i.e. not automated).
Amusingly, this form is only available at certain times of the day. I tried this morning and was told the online assistant didn't work until 7 PM on Sundays. WTF?
Why, they must be rebuilding indexes, of course! (g,d&r)
ReplyDeletelol...to tell you the truth, I wouldn't be surprised. I've worked with some of the state agencies and sometimes I walk away scratching my head...
ReplyDelete