LLC Federal Tax ID Number (EIN)
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- Опубліковано 15 чер 2016
- *IMPORTANT: Make sure your LLC is approved BEFORE applying for an EIN. If you do the EIN first, you’ll be attaching the EIN to yourself personally (as a Sole Proprietorship)... and therefore, your personal assets will not be protected.
IRS Online EIN Application:
www.irs.gov/businesses/small-...
Our website: www.llcuniversity.com
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-- WHAT IS AN EIN (FEDERAL TAX ID NUMBER)? --
A Federal Tax ID Number is issued by the IRS to business entities. It is also known as an EIN, or Employer Identification Number. For simplicity, we will refer to it as the EIN.
An EIN is to a business what a Social Security Number is to an individual. It basically identifies your LLC to the IRS.
Even though it is called an Employer Identification Number, it does not mean that you have to have employees.
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-- WHAT IS ARE EINs USED FOR? --
EINs are used for:
- Opening business checking, savings, or investment accounts.
- Filing taxes.
- Handling employee payroll (if applicable).
- Obtaining business lines of credit or business loans.
- Obtaining credit cards in the name of the LLC.
- Applying for business licenses.
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-- WHAT DOES AN EIN LOOK LIKE? --
An EIN is similar to a Social Security Number in that it has 9 digits. To differentiate an EIN from an SSN, there are 2 digits followed by a hyphen and then 7 more digits.
An EIN will look like this: 68 - 3302189
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-- HOW MUCH DOES AN EIN COST? --
An EIN is free. You can obtain an EIN from the IRS:
www.irs.gov/businesses/small-...
(unfortunately, many websites charge $50 - $100)
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-- ALREADY HAVE AN EIN? --
If you already have an EIN (before forming your LLC), it’s most likely attached to a Sole Proprietorship. This is quite a common mistake.
You’ll need to close out that EIN and get a different one for your LLC (after your LLC is approved).
Here’s how to close out an EIN:
www.llcuniversity.com/cancel-...
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-- QUESTIONS DURING APPLICATION --
If you have any questions or if there are any errors messages that appear during your EIN online application, please contact the IRS at 800-829-4933. You can find additional IRS phone numbers at this link:
www.irs.gov/uac/telephone-ass...
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-- FOREIGN NATIONALS & ITIN --
If you are a foreign national and you need to apply for your ITIN please see the following information on the IRS’s website:
www.irs.gov/Individuals/Indiv...
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-- OPENING A BUSINESS BANK ACCOUNT --
You will need your EIN and your approved LLC documents (Articles of Organization, Certificate of Organization, Certificate of Formation, etc) to open a business checking account.
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-- DISCLAIMER --
This information is provided for educational purposes only and in no way constitutes legal, tax, or financial advice. For legal, tax, or financial advice specific to your business needs, we encourage you to consult with a licensed attorney and/or CPA in your state.
LLC University® is a registered trademark of LLCU Media Group, LLC.
© LLCU Media Group, LLC. All rights reserved.
www.llcuniversity.com
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Hey folks, make sure to check the site for most up-to-date information: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/. If you don't have an SSN or ITIN, see these instructions: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/. Or select your state and start forming your LLC with our free guides: www.llcuniversity.com/.
Does it have to be a single member?
Can i get the EIN and then get an LLC after?
@@TheBanjavi25 - It's best to get the LLC approved first.
@@TheBanjavi25 - Nope. Any number of members is fine.
My wife is opening a day care she already has her license number does she need her SS4 form for a small business
Thanks for making this so painless and not so scary.
You're very welcome Debra!
Agreed. I felt so scared doing this, but I just did it and I am so excited
@@Markbro101 - Awesome Mark!
I've been trying to open my own company for about 3 months and I'm still researching so I don't miss anything! Whenever you upload something it helps me out alot! :-)
Hey Shiya, awesome!! I'm happy that are videos are helping :) Is there anything else you need help with or have questions on?
Wow!!! You Have Made It Real Easy And simple to understand!!! Thank You So Much For Your Time And patients!!!🌹
You are very welcome!! Thank you for the kind words!!! Be well :)
The video is 5 years old but still incredibly relevant. Thank you for making the process so much smoother!
You're very welcome Matthew! We'll make an update video if anything changes, but the process is still exactly the same :) For the most up-to-date information, you can find that on our website: www.llcuniversity.com/irs/ein-for-llc/
You guys are awesome, thank you for taking the time to make these very well structured videos.
Thank you Nelson! You're very welcome :)
Just want to say thank you! Between filing my LLC and setting up my EIN your videos have educated me on the process and allowed me to set up our business with minimal expense. Much appreciated.
Thanks so much Bob! You're very welcome. Always love hearing that our videos and guides are helpful :)
Wow, the time I have saved watching all these videos on how to open LLC saved me so much time and money. Thank you!
That's awesome Betsy! Make sure to check out our website. The info is better laid out and more step-by-step over there :)
Note, the confirmation page states, "It WILL take up to two weeks before your EIN becomes part of the IRS's permanent records" which means you must wait for that time period before the new number will pass the IRS taxpayer ID matching program. That means sites like Etsy cannot validate your new EIN until that occurs. Just keep that in mind if you're preparing for or in the process of setting up a new online retail store or business.
Thank you Jason. This is super helpful and an important point!
Thanks for the video, I was able to follow through easily. Probably you could update the video to include my comment as follows. I am a Canadian and wanted to apply for EIN after the LLC was formed. Your video mentions that I will have to have a ITIN to apply for EIN. That is true when using online application, However by downloading the paper version of form SS-4, I was able to fill "Alien Individual" in place of the SSN/ITIN field and was able to Fax the application. I was advised by IRS on phone to do so.
Excellent comment! Yes, this video is outdated in that respect and this was a mistake I made then. I will pin this comment at the top for anyone else who does not have a US SSN. Use the paper Form SS-4 (www.irs.gov/pub/irs-pdf/fss4.pdf) and send it in by mail or fax (fax is much faster). On line 7b, write "Foreign".
Hi! I was just reading the Instructions for Form SS-4 and there's a Apply by telephone option, which is available to international applicants
only. I'm from Brazil and just opened a LLC in Florida. I got confused because under this option it says: "If you have NO legal residence, principal place of business, or principal office or agency in the U.S. or U.S.
possessions, you may call 267-941-1099 (not a toll-free
number), 6:00 a.m. to 11:00 p.m. (Eastern time), Monday
through Friday, to obtain an EIN".
I hired a business address for my LLC in Florida, would that be considered a "legal principal place of business"?
Thanks for all your videos! They are extremely helpful! :)
Considered. We have it noted. Thanks for the feedback.
Hey Miss Grebin, apologies for the slow reply. Did you get it figured out? We'll have a guide on our soon for how to complete Form SS-4 for foreigners.
I've just spent my entire day doing research on ITIN, 16 hours literally!!
I really appreciate all the information you provide for free and step by step, gently holding my hand and walking me through the process of forming my first and dearest LLC.
But because of this tiny mistake I completely freaked out and lost my sh*t a couple of times while reading ITIN application process - how I need to mail my original ID with my address on it, when my ID doesn't have any address on it and they're gonna reject it, how the process will take 6-7 weeks and they will mail the ID back to me when I'm going to move to another country in a month and I don't know what address to put in the form to get the documents back, so I need to move first, settle and then apply and a number of other terrible manipulations I need to do in order to apply for the ITIN, for example to file a federal tax return, when I don't know anything about it and will have to hire a layer anyway!
And just 15 minutes ago I found an article saying that I can file EIN by fax. I headed to youtube to leave a comment for others and give a link to the article and I see that you are aware about it! LOL "Video is outdated and I've made a mistake, sorry" - that is a nice attitude you know! I've lost half of my hair today and the other half has turned gray :'D
A tiny note on your website right above the video, saying we don't need ITIN to file by fax, would have changed the game. Thank you!
O.M.G thankkkkk youuuu sooooo much for doing this video. I was Soo upset seeing $300 and $275 for the application. I was following you step by step and I get it right away. I can wait to meet to thank you for my independent.
You're very welcome! Happy to hear that we could help :)
I'm SUPER-EXCITED about starting my business and ETERNALLY GRATEFUL for the information received on the LLC University page! I feel like I should give you a percentage of my first contract! :)
Heck yeah!! LOL, you're too kind! You are very welcome Theresa :)
Once I have a EIN. Is it mandatory to file income tax every Financial year even if you didn't do any business under that LLC
The EIN does not make it mandatory to file a return. If you have no activity, you likely don't need to file, but you should speak with a few accountants to be sure as we cannot provide tax information. Check out this strategy: www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/
Great question thanks
I get an error message 105. what does it mean?
Hey Guillermo, reference number 105 means that you've made too many attempts online to obtain the EIN (using the same SSN, ITIN, or EIN), each leading to an error reference/code. Solution: Wait 24 hours and try the EIN Online Application again. If you still receive an error message, then we recommend filing Form SS-4 by mail or fax.
Great vibe and info on this video. I just recently requested my EIN and ready to get started.
Thanks PRME! Appreciate the kind words :) Best wishes w/ the business man.
Thank for you sharing this information, I am about to become an Franchise Partner for the restaurant I’ve been managing for 12 years, and your website has been such a big help for me!
Heck yes!! That's awesome Michelle. Both on your new moves and that our website has helped so much. Happy to hear that & congratulations!
What if I used a registered agent in Albany NYS
The address with the IRS is the mailing address for your LLC. It's best to use your actual address. This doesn't affect the publication requirement. Hope that helps.
I don't know really how to thank you. You're so helpful and logic. Thanks for your help and everything you share. Appreciated!
You're very welcome Kar!
I'm glad I stumbled across this site because it is just what I needed. There are lots of pay for nothing companies out there and waiting to grab your cash. I will look to this site and pay for services now
Hey Patrick, you're right... unfortunately, there are a lot of shit companies out there. Our website will teach you how to do everything yourself, but if you don't have the time (or don't want to), we'll also file for you. We prefer to present the truth and all options to our readers :) Hope that helps. Let me know if you need anything else!
Super easy thank you for making this video! We thought it would be a long drawn out process but in less than 15 minutes it was done.
Hey Nunya, you're welcome!
Thank you so much for your help. I really appreciate your time to post info. Thanks again
You're very welcome Terrence! Thanks for the comment.
This video is very helpful for anyone who does not know about EIN number.Thanks for detailed explanation.
Thanks Reddy!
This is awesome!! all information you provide are what I've been looking for. i really appreciate it!!!
You're very welcome! Glad it was so helpful :-)
I have learned so many things from your youtube channel, the only thing is missing that is how to get or how to apply for ITIN as a non US resident. Thank you
Awesome Asim! Don't worry we have you covered. As a non-US resident, after your LLC is approved, you can actually get an EIN without an SSN or ITIN. Please see here: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/
Thanks for sharing! Was able to get my publishing company set up with your help. Much appreciated. 🙂
Awesome!! You're very welcome :)
Perfect, simple and straight to the point video.
Awesome. Thanks Afsar! Glad it was helpful.
Thank you so much you videos helped both me and a client of mine start our llc's
Awesome! You're very welcome!
Don’t know how I came across this page but definitely subscribed🔥🔥🔥🔥
Awesome! Thanks!
Thank you so very much for all this extremely helpful information!!
You're very welcome Yaqiyn!
Awesome video, quick and straight to the point.
Thank you sir!
All US citizens and permanent residents have a Social Security Number (SSN), which enables these individuals to apply for an EIN. If you are a foreign national with a green card, you can also use SSN.
Hi Amanda, that is correct. Apologies for the video... as it didn't cover that in detail and has a part in that is incorrect. We've updated this page on our site (www.llcuniversity.com/irs/ein-for-llc/), so it now has 3 versions of EIN instructions, including instructions for those with an SSN or ITIN and instructions if you don't have an SSN or ITIN. Thanks.
So, I can apply for EIN under my legal name as US citizen??
Thank you for making this so easy!
you are appreciated
You're very welcome Wendy!
Muchas gracias LLC University. Este sitio es de gran ayuda para emprendedores y es genial lo simple de sus videos para fácil comprensión del proceso.
Es un placer! Muchísimas gracias :)
Thank you for video.
You made easy for us to understand SS-4 process.
You're welcome, Osh. We have some updated info here, if helpful: www.llcuniversity.com/irs/ein-for-llc/
Ok! After watching your amazingly informative video on forming an LLC, I'm happy to report that my LLC has been approved and is ready to go!! However: I had planned to set up a DBA (doing business as) name under the LLC - should I do that before applying for the EIN?
Thanks Sean! It would be best to get the DBA done before the EIN application. This way, you can list the LLC name and the DBA both on the application. Hope that helps! Keep rockin'!
Thank you so much for the video and lessons to come
You're welcome Tracy! We recommend using our website for anything state-specific: www.llcuniversity.com/
Thank you so much for a detail explanation!
You're very welcome Diana!
THANK YOU SO MUCH FOR THE ADVICE!
You're very welcome!
Thank you for making this easy to follow and understand.
You're very welcome :)
Thanks so much, appreciate the information!
You're welcome RJ!
Thanks for the knowledge that you provide, so helpful! When I state the purpose of my company or what does my company do on the online application, am I held to that specific purpose or can I be flexible and do other things on the side to provide additional capital for my LLC? Such as consulting, using my EIN to buy wholesale and sale retail or rent/lease property I will own in the future? Is there a more general purpose option in that category online?
You're welcome Marc. You'll want to list the primary activity. But you're not going to be held to it. You can still do as you wish with your side activities. Hope that helps.
Thank you so much for this free and valuable info!
You are very welcome! :)
Thanks man,you made it so easy!👊
You're welcome Daniel!
Hello Matt I would first like to thank you for all the help I would be so lost without it. The question I have is when applying for an EIN should I always use my registered agent address for my mailing address? And would the same go for other important documents? Thanks !
Hi Cody, you're very welcome :) For the IRS, we recommend using your best address. The IRS doesn't really care about who/where your Registered Agent is. They just want a good mailing address. Your Registered Agent also doesn't want you using their address for all kinds of business things. It should really just be used on the LLC paperwork.
This was VERY helpful, Thanks!
You're welcome Bonnie!
yes yes yes very please was able to follow through with clarity..., again Thanks
Awesome! You're very welcome :)
Thank you, your video really helped guide me through the process.
You're very welcome Lazarus!
Thank you so much for the helpful video series. I filed my article of organization online and already got my filing receipt and certified copy of the article of organization. Can I apply for EIN right away or do I need to wait after the publication requirement is fulfilled?
Hey Darren, thank you for the nice comment. As soon as you have the approved Articles of Organization, you can apply for the EIN. You don't have to wait until you meet the NY publication requirement first.
Thank you very much, your video is so clear and easy to follow.
Awesome! You're very welcome :)
Thanks for sharping great information!
You're welcome!
When EIN NUMBER is available to see en sunbiz at the record LLC? Now just said NONE. Date of EIN was: 07-03-2017
You'll see your EIN appear after you file your first Annual Report. It'll be due in 2018.
Thank you for the video it was simple and clear...
You're very welcome. Thanks for your nice comment!
Thank you so much!!!! Love ur educational video
You're very welcome!
Can I ask you when filling out the paperwork am i also creating a LLC or is that something totally different. I see that you put the LLC name. But was just wondering. You made the entire process so easy thank you. Even explaining everything how calm and clear you were.
Hey Desiree, thank you! Glad it's helpful. No, this doesn't create an LLC. This is the step that's done to get an EIN for an LLC AFTER the LLC is approved. If you stop by our website and click on your state, you'll find instructions on how to form an LLC. After your LLC is approved, then you'll get the EIN. We also have detailed EIN instructions on our website too. Hope that helps!
Thank you so much for your videos. Say for instance I am forming a multi member llc (3 members). However two members are not US citizens and don’t have an SSN or ITIN so they want the third member who is a US citizen to list their info when applying for an ein. Is there any liability on the us citizen member?
Hi Izaak, the US citizen is known as the responsible party. We've written more about this here: www.llcuniversity.com/irs/ein-responsible-party-for-llc/. You only need one person on file with the IRS for the EIN. You do not need to include all members. Hope that helps.
Hey! I'm genuinely amazed, that you respond to LITERALLY every comment!
And here's my question:
If I'm non-resident alien without SSN/ITIN, then can I get EIN for llc in other way than by mail or fax?
I'm confused, because on your website it says, that mail/fax is the way to do it. But I've seen NRA Brazilian, who obtained this EIN by phone. I can find YT link if necesary to prove.
Also how do attorneys and other registering companies obtain EIN for me in matter of days if I have no SSN/ITIN? Do they use their own SSN?
Hey Daniel, thanks! Appreciate the attention to detail ;) The Brazilian non-resident alien got it done, but it's technically not correct. That international phone line (267-941-1000; 6am-11pm US Eastern Time) is for companies that were formed OUTSIDE of the United States... not for non-US residents who formed an LLC INSDIE the US. The only method we stand behind is mailing or faxing the SS-4 (instructions here: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/). If you hire an attorney or other person to get an EIN for a non-US resident, they are still completing Form SS-4 and entering "Foreign" in line 7b. The only difference is they add themselves at the bottom as a Third Party Designee. There is no way to speed it up though. So anyone who claims they can get an EIN for a non-US resident in days is most likely doing something incorrect (they shouldn't be listing themselves as the EIN Responsible Party and using their SSN, for example). Either that, or there's something we don't know. However, we've worked extensively on this subject matter. I'm not saying we're 100% accurate, but we don't publish any information we can't stand behind. If I'm wrong though, do let me know. Thanks!
11 minute response time - you're a champion C:
So he cheated the system, but will there be any repercusions by using the incorrect method? I mean, that if the IRS doesn't really care and it works, then why shouldn't we use that loophole?
We don't know if there are repercussions; we can't say for certain as we're not the IRS. Again, technically that phone number is for companies formed outside of the US that want to get an EIN. So while you may get an EIN, we have no idea if the IRS representative understands what's going on and/or how they are entering your information in their system. There is a chance the EIN is issued, but the record isn't created correctly. The reason we don't publish this information, is that we can't stand behind it. And we don't know if it's a guaranteed/reliable "loophole". We only publish something if we can back it up and we know that it works for thousands of readers.
So, I've created a bit of a dilemma for myself. I created an EIN first but then found out that the business name I listed it with was taken. So I decided to send the IRS a cancellation letter like you've outlined in your website, and after nearly two months, I've heard absolutely nothing back. Now my question is: do I send a second request to take that EIN down, or just forget about it and create a new one? Does it matter in the first place? I'm hoping I can just shrug it off and make a new one (this time researching a name that isn't taken ahead of time) instead of waiting another two months for a confirmation that might never arrive.
The IRS is required to respond in writing to written requests within 60 days, so you should receive confirmation shortly of your first EIN cancellation. Don't cancel it again, but you can always call and check the status. That's the easiest thing to do. We have the phone number towards the bottom of this page: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/
Thank you so much for saving me money!
You're welcome Josh!
Hi
First of all, i would like to thank you a lot for the work you are doing , It is very helpful and I wish you a big success. I setup my LLC with Northwest like you adviced. I then use their address. Now I have two questions
1- In the EIN application, will I use the Northwest address as the principal LLC address and mailing address?
2 I am not US citizen but a permenant resident with a SSN. Can I use the SSN and apply online right?
Thanks
Hi Yawu, you're very welcome! Yes, you can apply online if you have an SSN. We have instructions here: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/. You'll want to use your best mailing address for the EIN Number. And typically, when opening a bank account, the bank may want this address to match your LLC's other addresses listed. Hope that helps.
You are awesome this video was so useful. Thank you so much.
You're super welcome Omar! Thanks :)
Hi, thank you again for all of your help. Should I file a 2553(s Corp) first before I get ein? Does electing to be taxed as a s corp affect EIN number?
No, don't file 2553 before your EIN. You need the EIN first. You'll also want to make sure your net income is at a level that justifies the added expenses and work it takes to setup payroll and properly handle books and reporting. We have more info on LLCs being taxed as S-Corps here: www.llcuniversity.com/irs/llc-taxed-as-s-corp-form-2553/. Hope that helps.
Because of your content I saved a lot and learn a lot!!!
So awesome to hear Sophia!!
Thanks so much for the video it was so helpful
You're welcome!
yes!
Great job keeping it simple.thx
Thanks Dan!
Great content Matt. Thanks a lot. Just one question. If I am a non-US resident but have incorporated my company as an LLC in Delaware it is possible to open a business bank account without an EIN. I have attempted to do so with Wise and Revolut without success. I was wondering if there was a workaround or if this is something I cannot avoid. Thanks.
Hi Tom, no, you'll need an EIN to open a bank account. We have instructions on EINs for non-US residents here: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/
Also, here is LLC banking info for non-US residents: www.llcuniversity.com/foreigners/open-us-bank-account-llc-non-resident/
Thanks for the video. Quick question; I'm making an LLC for multi-members. But IRS website only require me to put 1 person's information (name and SSN). Do I have to put my partner's information at later date? or did I miss 'add information for additional member' tab somewhere?
The IRS just needs 1 Responsible Party. The rest of the LLC Member's are listed in the Operating Agreement. We wrote more about the EIN Responsible Party here: www.llcuniversity.com/irs/ein-responsible-party-for-llc/. Hope that helps.
you just need one responsible party to get your EIN!
Awesome!! Thanks for your help, God Bless You!
You're very welcome Jorge!
Hi! thank you for your help with all of this! I got my ElN and we are a three members LLC. I´m not sure about what the 8832 Form and 2553 Form are. It says at the end, if I don´t agree with the default status of partnership, I should file them. Where can I find info about this? Thanks!
Hi Isa, you are very welcome! Form 8832 is to change your default tax status (by default, multi-member LLCs are "taxed as" a Partnership), typically to a C-Corporation tax status. Form 2553 is used to elect S-Corporation taxation. If applicable, S-Corporations cannot be owned by nonresident aliens. The S-Corporation taxation can help save money on self-employment taxes. The owners of the company then become "employee-owners" and must take a reasonable salary. The LLC owners will pay self-employment taxes on those salaries, but remaining profit (distribution) is not subject to self-employment taxes. You'll need to manage (or hire someone/some company) to handle payroll and you'll have to file payroll returns as well as a Corporate return. So your accounting fees will go up some (usually $1,000 to $2,000 on average). There are a ton more details though, so I recommend talking with a few accountants as you'll need enough net income to make the costs worth the savings. Check out this strategy: www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/. Hope that helps!
Good job dude.
Thanks!
You're welcome!
If I don't have a storefront or an office for the physical location of my LLC, can I just use my primary residence address?
Yes, you can use any mailing or primary residence address that you'd like.
Very helpful. Thank you!
You're welcome Meg!
I love this video! One thing I noticed when doing the steps, however, is my LLC does have a apostrophe. Yet, it wouldn't allow me to place it in the "legal LLC name" field. Is this still ok since I don't have the apostrophe?
Awesome! Yes, it's complete okay. The IRS does this to "normalize" their data.
Thank you so much for your video. It helps me alot also save money. I appreciate it.
You're very welcome Nang!
So helpful! Thank you!
You're very welcome!
Fantastic explanation!! thanks
Thanks Carlos!
thank you for the Great explanation.
You're welcome!
Thank you for your kindness and time to help and guide people like me, I'd really appreciated it. I have a question, I'm opening an LLC and want to import/sell raw spice in the USA, I got confused with the type of business category should I choose ? retail ? do I need to specify that I will be selling spice? please help.
You're very welcome :) Import/export would be better under the "wholesale" category. Hope that helps.
thank you very much@@llcuniversity
Thanks for the video you make it easy, but am having problem in opening ITIN because my country dose not have a tax treaty with US, please what can i do
You're very welcome! We have information on how to get an EIN for your LLC without an ITIN or SSN here: www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/. Hope that helps!
I need your help!
When applying for my EIN number it asks for “Legal Name Of LLC (must match articles of organization, of filed)” I have filed all the paper work but I was told since I am a single member LLC and filing as a sole proprietor not to put my business name but instead out my First and Last Name instead... is that correct?
Hi Tiffany, this is common. It sounds like you're confusing the legal entity (the LLC) with how the entity is taxed by the IRS (like a Sole Proprietorship). It's taxed LIKE a Sole Proprietorship, but it is not a Sole Proprietorship. Please see this article for clarification: www.llcuniversity.com/irs/how-are-llcs-taxed/. Who told you to use your first and last name? And in what line of what form? It sounds like W-9 instructions, not EIN instructions.
First off thank you for your wonderful help. Now to my
question, if I were to file my llc with the DOS in new York using the northwest
registered agent, I would have to list Albany as my primary address for
publication purposes. When I apply for an ein number with IRS, would I have to
list the physical/primary business address as the northwest registered agent
address also? I am confused because with the department of state I would have
to list Albany as my place of business, but with IRS I would have to list New York
city as primary business address, if I am understanding what you said in the video
. I am assuming this difference wouldn’t matter much, and that I may be overthinking this, but would greatly appreciate
your confirmation.
Hey Michael, you are correct. You'll use the Albany address with the DOS and you'll use your NYC address with the IRS. The two agencies will not be communicating with each other.
Thank you for your help! Yes I finally got that portion completed.
Awesome. You're welcome!
@@llcuniversity Hiiii!! I had the EXACTTT same question thank you so very much!!
Thank you for asking this!! I had the exact same question about here in NY!! Good luck and God bless!
I can't thank you enough for your super awesome videos and website! It has made this transition so much easier! I do have a question though. I am starting a handmade gift business. I didn't know if I should select retail or wholesale? (I plan to sell online, direct sales, and move into wholesale in boutiques.) Or something totally different? I really appreciate your help and am so happy my friend (who is also in the process of starting his business) referred me.
Heck yea! That's so awesome your friend referred you Lacey :) Retail would likely be more accurate. Retail includes eCommerce (www.irs.gov/irm/part4/irm_04-043-001). Hope that helps! Let me know if you need anything else.
@@llcuniversity I got it set up. Thank you again for your help 😊
Awesome! You're welcome :)
For the principle/physical address, if we used Northwest (Albany) as the registered agent do we put their address ?
Same with the "Tell us about your LLC" page, for the county do we put Albany or the County we really reside in ?
The purpose of the IRS asking for an address is to ensure that their mail/correspondence will reach you. No one outside of the IRS should see this address (and there won’t be communication between the IRS and the NY DOS regarding this address), so you don’t have to list the temporary Albany address you used to meet the NY publication requirement. You can just list your normal/regular NY address here. Hope that helps.
Thank you !
Thanks A lot for this info ... You’ve definitely saved me A Lot of money and time 🙏🏾
You're very welcome Kenny! If you need anything else, just toss "llc university" into your google searches ;)
LLC University one more question ; if I already have an LLC and looking to be a member under another LLC , is it possible? , and what are your best tips for doing so .
Thanks in advance
Hi Kenny, do you mean you want to own a 2nd LLC? Or are you trying to add an additional member to an already formed LLC?
LLC University correct .. already own a single member LLC , but want to be added as a member of another existing LLC
Okay, I see. The process is not straightforward and we recommend hiring an attorney. But here is the overview.
1. Someone needs to sell/transfer some of their LLC membership interest to you. This can be done with an Assignment of LLC Membership Interest form.
2. They'll/you’ll need to amend the LLC’s Operating Agreement showing that the new Member was added and reflecting the new ownership percentages.
3. They/you may need to amend the Articles of Organization (or equivalent form) with the Secretary of State, depending on whether or not the Members are listed. What state is this LLC in?
4. Visit the bank together, show the bank your documentation, and add yourself as a signer. We recommend calling the bank ahead of time to make sure you have all the documents they need. You likely need to go to the bank with all the Members.
5. How many Members are in the LLC (before adding you)? You may need to file Form 8832 with the IRS to change the tax classification, but it depends.
6. You may need to update the account with the Department of Revenue or equivalent agency in your state.
Thanks! I would've loved to see a multi-member application.
You're welcome! Ah, good call! We do have that info on our website though: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/
Thanks for the video
You're welcome Craig.
Hi, thank you so much for your video!! One question, I am an F-1 visa holder so I am not a US citizen, but I have my SSN and my EAD card . So do I still need to get an ITIN so that I can apply EIN with my friends? Thanks!
Hi Ranran, you can use your existing SSN when applying for an EIN. Speak to an accountant though re: your ITIN, as you may eventually need one if you have to pay/file US taxes.
LLC University I see. Thank you very much!
You're welcome!
Hi ! thank you so much for your video.
Question if i apply for an LLC EIN number would that be the only thing i need to say that my company is LLC ? Or do I need further documentation ? Im Located in LI NY.. Thank You again .
Hi Claudia, you're very welcome. No, the EIN doesn't create an LLC. The EIN is something that an LLC gets after it's been formed. While the IRS is taxing the LLC (technically the LLC owners, in most cases), the LLC is a state entity. Meaning, it's created at the state level by filing documents with the Secretary of State. In NY, the Secretary of State is more commonly called the Department of State. We have info on how to create an LLC in New York here. We recommend looking through the "detailed lessons" as there are many steps to forming an LLC in New York. Here's the link: www.llcuniversity.com/new-york-llc/. Hope that helps :)
Thank you for this! If I filed a Sole Prop EIN, then file a new EIN LLC later for the same entity. Do I have to do anything with the Sole Prop EIN? Delete it or the like?
You can deactivate the EIN: www.llcuniversity.com/irs/cancel-ein/ - If a final tax return needs to be filed using the the EIN for the Sole Proprietorship, do so before cancelling/deactivating the EIN.
Very Informative. Thank you.
You're very welcome!
Great info. thanks for sharing.
You're very welcome!
Excellent Thank You Sir. Very Helpful!!!!
Hey Ivalina, thank you! We're glad we could help!
Ok you are much easier to the ears very detailed and understandable ✅💣
Why thank you! Glad it was helpful :)
Thanks for this video! It’s was very helpful. Should I Charge taxes since I have my EIN?
Hey Jazziee, which type of taxes are you referring to... sales tax? If your business needs to collect and remit sales tax, then yes. And you'll need to register your LLC with the state's Department of Revenue or equivalent agency. Hope that helps.
Thank you so much for your help! I watched all of your videos and you made this so much easier. QUESTION : Do I need to put northwest registered agents address for my EIN if I used it when filling my LLC in New York since technically this appears as the location? Please get back to me when you can thank you so much for your help!
Hi SassyKay, you're very welcome! You can just use your address here on the EIN application. The IRS treats this as just a "mailing address". And this has no impact on the address you're using to meet the newspaper publication requirement. Hope that helps!
@@llcuniversity Thank you so much !
@@mskassandra9327 You're welcome :)
Thank you so much for creating this video. It was so helpful. Just want to confirm, once I complete the articles of corporation and receive the email receipt. Does that mean my LLC is approved or do I need to wait for the certified copy in the mail or another communication via email before proceeding with setting up my EIN. Please note the filing will be done in NY.
If you file online in NY, the Articles of Organization is approved instantly. So once you pay and download your Articles of Organization (and other docs, if ordered), you're LLC is approved and officially in existence. If you file by mail, you'll need to wait until you receive back your stamped and approved Articles of Organization in the mail. Hope that helps!
Thank you!
thanks for the help and direction
You're welcome Arion!
Thank you for your video! When filling out form what do you put for a start date if you haven’t officially launched your business? Also when first starting out do you put filing quarterly or annually on the SS4 Form? Thank you in Advance!
For reference it would be for a sole proprietorship.
Hi Barbara, you can use the approval date of your LLC. For #14, if you don't have employees, just leave it unchecked. We have more detailed instructions on these pages below.
File online: www.llcuniversity.com/irs/apply-for-ein-for-llc-online/
File by mail or fax: www.llcuniversity.com/irs/apply-for-ein-for-llc-ss4/
@@llcuniversity Thank You!
Hi!
I hope you are good. I have some questions
1 - With a commercial registered agent, which of our addresses will be kept off of public records?
2 - Is it an obligation to provide a registered office address?
3 - Can we decide to put the same NorthWest address at the pace of members addresses?
Thanks
Hi Yawi, it depends... are you filing yourself or are you hiring them to form your LLC. You can basically use the address where you'd like on the filing form (ex: Articles of Organization). However, for the EIN, you can just use your best mailing address.
How do you know if the LLC has been approved and how long does it take (New York)?
If you file by mail, you will receive back a stamped and approved Articles of Organization. Approximate approval time is 1-2 weeks. If you file online, you'll also receive a stamped and approved Articles of Organization. It will arrive by email within 5 minutes of filing.
Hi,it's good informative video...I have one question...while formation LLC for non USA resident we neither ask for passport in LLC form(f-205) and nor asked it for in EIN form(ss-4)...Is it correct if we put these both without passport no ?
Hi Muzammil, it sound like you are forming an LLC in Texas (they use Form 205). We have instructions here: www.llcuniversity.com/texas-llc/forms/
But no, you don't enter your LLC's EIN or your passport number when forming an LLC in Texas.
You also don't need use your passport when getting an EIN from the IRS.
Here is how to get an EIN from the IRS (after your LLC is approved by the state): www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/