Tuesday, May 24, 2011

Legalities 101: Filing for an Federal EIN #

First thing to do: get federal and state tax ID #s.

IRS.gov is straightforward and easy:

You have chosen Limited Liability Company.

What it is...

  • A limited liability company (LLC) is a structure allowed by state statute.
  • An LLC is formed by filing articles of organization with the state's secretary of state office.
  • An LLC must be unique in its state. There can be no more than one active LLC with the same name in the same state.
  • For federal tax purposes, an LLC may be treated as a partnership or a corporation, or be disregarded as an entity separate from its owner.
  • An LLC can have two or more members (multi-member) or one member (single-member).
  • An LLC can have an unlimited number of members.
  • An LLC's members may include individuals, corporations, other LLCs, or foreign entities.

What it is not...

If you need to change your type of structure, we recommend that you do so now, otherwise you will have to start over and re-enter your information.  Additional help may be found by reviewing all types of organizations and structures before making your selection.

Looks like I typed too soon:

EIN Assistant
Technical Difficulties

A technical problem has occurred. Please try your request again later.
If the error continues, click http://www.irs.gov/help/page/0,,id=13148,00.html

1 comment:

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