Include ein in ME

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How to Include ein in ME

4.7 out of 5

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hi Im Lee Phillips yep im still a lawyer and weve got Im Ben Rucker Ben and I work together Im the lawyer the liar the attorney type guy and hes the tax type guy actually Bens a former special auditor for the IRS did the big criminal cases for them now Ive done a YouTube a little while back on Ein numbers Employer Identification Numbers and what we want to do now is we want to go and start from scratch were going to start from the bottom and were going to go through the computer application for an EIN so you know exactly what theyre asking and how were going to get this EIN this Employer Identification Number thats the Social Security number for your it chokes me all up sorry for it thats okay for your for your company now in the other video I reminded you that if you have an LLC and youve taxed chosen it to be taxed as a sole proprietor or you actually just have a sole proprietorship you do not need an EIN number thats youre going to be

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How do I use my EIN number?

Using Your EIN Number Open a business bank account. Obtain credit in the name of the company. Recruit employees and create a payroll. Obtain local permits and licenses. Use an EIN instead of Social Security Number (SSN). Establish a Keogh plan. An EIN also protects your privacy.

Can I use my EIN as a tax ID number?

An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity.

How do you use Ein?

Using Your EIN Number Open a business bank account. Obtain credit in the name of the company. Recruit employees and create a payroll. Obtain local permits and licenses. Use an EIN instead of Social Security Number (SSN). Establish a Keogh plan. An EIN also protects your privacy.

What do I do after I get my EIN number?

After you have an EIN, you can open a bank account for your business. This allows you to accept checks and payments in your businesss name. In addition, youre legally required to keep your personal and business finances separated once you incorporate or form an LLC.

What does ein look like?

An Employer Identification Number (EIN) is a nine-digit number that IRS assigns in the following format: XX-X. It is used to identify the tax accounts of em- ployers and certain others who have no employees.

Can I use my business EIN to apply for credit?

A Social Security Number (SSN) or another tax identifier is required to apply for an EIN, but once assigned, EINs can often be used on credit or loan applications in lieu of SSNs.

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