People often says that each proprietor or an owner of a business be it small or big has to own an id first. This id is like the DNA of a business and its owner or proprietor. Just like the government identifies its citizens from identity cards that are generated by the government officials after taking the various proofs of the citizens, similarly, every business owner needs to submit each and every detail about the business before starting it up so that the government can generate a business id for the entrepreneurs.
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This is not just for the sake of security and safety but is also important when it comes to tax collections and other official proceedings that might be required in future. Any person who is starting a business and has employed people under it or is going to do so needs to have an EIN and it is mandatory. The IRS provides one with the EIN and hence one needs to go through the procedure of filing for the same. It is not a tough thing to file for an employer identification number. The process has been made simpler by introducing online application services for the ease of both government and the applicant.
The answer to the question how to get a tax id number is simple. Just fill up a form online and wait for the government to finish up with the official work. The entire process from filling up the form for tax number online to receiving the EIN should complete within 12-15 days. The income tax officers need to go through the entire tax payments of a year and find out the entities who have paid the taxes properly and those who have not.
Also, they need to go through the hectic process of finding out if a company still is there is the market or not. This entire process does not involve in a lot of time and the taxes keep coming randomly. Hence, keeping a follow up becomes hectic. The tax number online helps in making the task simple and identify the entity with ease.
If one is looking forward towards forming a LLC, then the first step would be to file for an EIN. The official web site contains the form with various questions and one needs to fill it up so that the professionals can carry on with the paperwork. An applicant can always volunteer to do the paperwork on his own but then it requires in a lot of effort and time. The professionals know the right way to do it and have their sources to carry out the work with ease.
Once the paperwork is done and is submitted to the IRS, government officials verifies the information and generates a nine-digit EIN that remains unique for each and every proprietor. Hence, forming an llc is simple if one has the right idea, proper plan supporting the idea and a EIN from the government as a license to start-up with the company.
