Need an EIN for Your Business? Here’s How to Get Started with Legal Zoom
If you’re starting a business, obtaining an Employer Identification Number (EIN) is a crucial step. An EIN is essential for tax reporting, opening business bank accounts, and hiring employees. This guide will walk you through the straightforward process of acquiring your EIN using Legal Zoom.
Step 1: Visit Legal Zoom’s Website
Begin your journey by heading over to legalzoom.com. On the homepage, look for the "EIN Registration" tab. Clicking on this will set you on the path to obtaining your EIN.
Step 2: Choose the Right Plan
Legal Zoom offers two primary options to obtain your EIN:
Standard EIN Service
This affordable option allows Legal Zoom to handle your EIN application and file it with the IRS on your behalf.
EIN Plus LLC Formation Package
If you’re also forming an LLC, you can opt for the EIN as part of this comprehensive package. Bundling these services together can save you time and money. It’s advisable to select this option if you’re establishing an LLC or corporation to avoid multiple fees.
Step 3: Fill Out the Application
After selecting your plan, you will need to complete an online questionnaire. This step is user-friendly, requiring basic details about your business, including its structure and other necessary information.
Step 4: Legal Zoom Submits the Application
Once the questionnaire is completed, Legal Zoom will submit your EIN application to the IRS on your behalf. You won’t have to worry about the paperwork or filing, allowing you to focus on other aspects of your business.
Step 5: Receive Your EIN
After processing your application, you will receive your EIN directly from Legal Zoom. Depending on your preferences, they will either mail you a physical copy or send it electronically.
Step 6: Keep Your EIN Safe
Your EIN is a fundamental part of your business identity, so ensure you store it in a secure location. You will need this number for various tasks, such as opening a business bank account, filing taxes, and hiring employees.
Conclusion
Obtaining an EIN through Legal Zoom is a quick and straightforward process. Whether you’re launching a new venture or expanding an existing one, an EIN is essential for your business’s operations. With Legal Zoom managing the paperwork, you can focus on growing your business without the hassle of dealing with the IRS directly.
