HomeОбразованиеRelated VideosMore From: LLC University

LLC Federal Tax ID Number (EIN)

1121 ratings | 83430 views
*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: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online Our website: https://www.llcuniversity.com [=================================] -- 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. [=================================] -- 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. [=================================] -- 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 [=================================] -- HOW MUCH DOES AN EIN COST? -- An EIN is free. You can obtain an EIN from the IRS: https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-online (unfortunately, many websites charge $50 – $100) [=================================] -- 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: https://www.llcuniversity.com/cancel-ein/ [=================================] -- 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: https://www.irs.gov/uac/telephone-assistance [=================================] -- 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: https://www.irs.gov/Individuals/Individual-Taxpayer-Identification-Number-ITIN [=================================] -- 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. [=================================] -- 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. https://www.llcuniversity.com [=================================]
Html code for embedding videos on your blog
Text Comments (277)
ksvaasu (1 year ago)
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.
LLC University (23 days ago)
Hi Margaux, thank you for the nice reply :) And thanks for the information. We have all the 9a SS-4 info in our new lesson and we'll review the Alaska information and get that updated asap. Thanks!
LLC University thank you very much for additional lessons for no US aliens! I'm sorry for my previous comment - I was very stressed and wrote something ugly. My bad. I have found everything I needed on your web site and you saved me a lot of money. I will make a donation. Thank you for promoting NortWest, they seem very nice - you saved my time on searching for an agent. ♥️ Two notes from my side :) 1) while filing for EIN in 9a we need to check 'other' and write 'disregarded entity...' 2) in your lesson about Alaska LLC in section 'business license' it is stated that we might need reseller permit. This is a bit misleading. I got an email from the state - they don't issue sellers permissions (no sales tax*) Hope it helps! Lots of love!! Thank you!
LLC University (1 month ago)
Thank you so much for your comment. We're soon updating our EIN lessons to explain that. And we have new lessons coming out for non-US citizens/residents about how to get an EIN (without an SSN and ITIN). We also just published How to get an ITIN if helpful for future readers of this comment: https://www.llcuniversity.com/irs/how-to-apply-for-an-itin/. Thanks Margaux! Hope your move went well :)
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!
LLC University (6 months ago)
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.
MyDigitalSauce (9 days ago)
Very helpful
J C GAMING (9 days ago)
do you need an llc number? with an ein number? i have my own ssn number im in ny area. im reading so many things im confused. i want to open an etsy shop i have my own acc set up to do that, so what do i need to do? TIA
LLC University (9 days ago)
Hey JC, I don't understand your first question. Can you please rephrase it? Did you form an LLC? This video is about how to get an EIN for those who have formed an LLC (not those who are operating a Sole Proprietorship). Thanks.
Arza Arzito (12 days ago)
Is the EIN active as soon as you apply for it online ?
LLC University (12 days ago)
Hi Arza, the EIN is active as soon as you are issued the EIN Confirmation Letter. If you apply online, and your application goes through, you'll get that letter at the last step. Hope that helps.
Jamie F (14 days ago)
I am waiting for my LLC to be approved. I would like my LLC listed as subcategory S corp. Can you verify how I do that?
LLC University (14 days ago)
Hey Jamie, we have a whole lesson on LLCs taxed as S-Corps, which you can find here: https://www.llcuniversity.com/irs/llc-taxed-as-s-corp-form-2553/. Hope that helps!
Mirinha Morais Araujo (14 days ago)
Error 105 . I’m not able. 😣
LLC University (14 days ago)
Hi Mirinha, Error 105 means "too many attempts in 24 hours". You can see all IRS error messages here and what to do: https://www.llcuniversity.com/irs/ein-reference-number/
Phillip Skene (26 days ago)
My business will operate out of CA, but I read so much about the advantages of registering it in DE that that's what I did. Now my accountant is telling me it's mandatory I register in CA. So I guess I wasted 300 bucks. Does anyone know? I found the article below, but it does not get into the specifics.... https://www.nolo.com/legal-encyclopedia/question-must-llc-be-formed-same-28126.html
LLC University (23 days ago)
If you're business will operate in CA, then yes, you must register your DE LLC as a Foreign LLC in CA, or form a Domestic CA LLC. It's likely easier (and less expensive in the mid to long-term) to dissolve the Delaware LLC (https://www.llcuniversity.com/delaware-llc/dissolution/) then just form an LLC in CA: https://www.llcuniversity.com/california-llc/. Hope that helps.
Rachel Bisase (1 month ago)
I am trying to get my state tax registration id number i need help, please? i already received my EIN
LLC University (1 month ago)
Hi Rachel, we don't have info at this time on state tax or sales tax registration. I recommend calling the Department of Revenue in your state. Hope that helps.
Clifton Bradley (1 month ago)
Thanks
LLC University (1 month ago)
Appreciate the kind words!
Clifton Bradley (1 month ago)
great information
LLC University (1 month ago)
You're welcome Clifton!
Wade Long V (1 month ago)
at 4:45 why didn't you say ANYTHING about those forms 2553 or 8832? that was primarily why I watched this video. i'll look through your other videos to see if there's some info there. Thanks. Otherwise good vid.
LLC University (1 month ago)
Hey Wade, we have info on the 2553 here (video soon): https://www.llcuniversity.com/irs/llc-taxed-as-s-corp-form-2553/. 8832 would be used for C-Corp tax election, which we don't cover in great details since it's not commonly used. Hope that helps.
AJ Cuyler (1 month ago)
I forgot to add LLC to the business name. I noticed it only after reviewing the official EIN page. I received my EIN number but don't have LLC after the business name. What now?
LLC University (1 month ago)
Hey AJ, I'd cancel that EIN (https://www.llcuniversity.com/irs/cancel-ein/) then get a new one making sure the LLC name is full and complete. Hope that helps.
Reddy peddagorla (2 months ago)
This video is very helpful for anyone who does not know about EIN number.Thanks for detailed explanation.
LLC University (2 months ago)
Thanks Reddy!
yamit (2 months ago)
hi, if i dont apply for LLC, can i still apply for EIN in order to import goods from china? is it even necessary to have EIN for that matter? good might exceed $2,500. thanks.
LLC University (2 months ago)
I'm not sure about import rules. You likely need a reseller permit/license, depending on the state. But no, you don't need an LLC to get an EIN. You can operate as a Sole Proprietorship and get an EIN, however, a Sole Proprietorship doesn't have liability protection like an LLC. More info here: https://www.youtube.com/watch?v=3J7HG6IuV_c
Shawn Sawyer (2 months ago)
Thank you
LLC University (2 months ago)
You're welcome Shawn!
Gina Marcela (2 months ago)
Do you have to be 18 or over to do this ?
LLC University (2 months ago)
You'll have to look into the state laws as it depends.
Live and Let Live (2 months ago)
[email protected]@ YOU DON'T NEED ITIN IF YOU ARE NON US RESIDENT THAT IS A LIE! Put N.R.A (Non resident alien) instead of Itin\Ssn
LLC University (2 months ago)
You are correct. This video is old and that information was incorrect. Apologies for the confusion. File Form SS-4 by mail or fax and enter "Foreign" on line 7b. We have instructions here: https://www.llcuniversity.com/irs/how-to-apply-for-ein-without-ssn/ (page will be live in about 1 week).
DWriteLambily (2 months ago)
Thanks for sharing! Was able to get my publishing company set up with your help. Much appreciated. 🙂
LLC University (2 months ago)
Awesome!! You're very welcome :)
Simonaiz Tesfaye (2 months ago)
I have EIN and I live In Norway How Can I Get TIN ?
LLC University (1 month ago)
Hi Simonaiz, you can find instructions on our website for how to apply for an ITIN: https://www.llcuniversity.com/irs/how-to-apply-for-an-itin/. Hope that helps.
Simonaiz Tesfaye (2 months ago)
Yeah i mean ITIN
LLC University (2 months ago)
And EIN is a type of TIN. Do you mean ITIN? Or something else? Can you please rephrase your question?
Nicholas Williams (2 months ago)
when I try to create the LLC first they are asking me for the F.E.I.N number. so I should create the E.I.N number first?
LLC University (2 months ago)
Hi Nicholas, what state are you forming an LLC in?
edura jamal (3 months ago)
Hi, I would like to clarify, I am a US RESIDENT, I can use my SSN as well, correct?
edura jamal (2 months ago)
yes it does. appreciate it, thanks!
LLC University (2 months ago)
Only if it's a single-member LLC that meets a few requirements, however, most banks will want an EIN when you open a bank a bank account for your LLC. It's best to just get an EIN once your LLC is approved. Hope that helps.
Nang No (3 months ago)
Thank you so much for your video. It helps me alot also save money. I appreciate it.
LLC University (3 months ago)
You're very welcome Nang!
Ashley Loi (3 months ago)
So where do i go to get an LLC and is it required for a upcoming business. I am 20 year old and i want to start my skin care, cosmetic, and many more. But Online first but not in a store yet.
LLC University (3 months ago)
Hi Ashley, I would read the following two articles on our site: What does an LLC protect you from (https://www.llcuniversity.com/llc-asset-protection/) and LLC vs Sole Proprietorship (https://www.llcuniversity.com/llc-vs-sole-proprietorship-vs-corporation/). If you decide to form an LLC, we have step-by-step instructions here: https://www.llcuniversity.com/florida-llc/. Hope that helps.
Ashley Loi (3 months ago)
And what’s a personal asset protection. I mean I will definitely think of these things later but I have to start my business and earn before I can really invest into my business .... .... ?
Ashley Loi (3 months ago)
LLC University Florida
LLC University (3 months ago)
Hi Ashley, an LLC is not required to start a business. You can operate as a Sole Proprietorship if you choose, however, there is not personal asset protection with a Sole Proprietorship. What state are you in? I'll send you the instructions.
Mike1986Yolo (3 months ago)
If im trying to file a multi person LLC (3 owners) for the EIN it only asks for one persons social security number, how can i file it so that we have this filed for all of us>?
LLC University (3 months ago)
Hey Mike, it doesn't work like this with the IRS. There is just one Responsible Party (https://www.llcuniversity.com/irs/ein-responsible-party-for-llc/) on file with the IRS. Each person, simply by the nature of them being an LLC is required by law to report the income/losses/credit/deductions on their personal tax return. Hope that helps.
Jamar Martin (3 months ago)
I have a clothing brand, its registered as an llc and i have an ein do i need any other things?
LLC University (3 months ago)
Did you file an Articles of Organization (or Certificate of Organization or Certificate of Formation) with the Secretary of State? Or did you just put LLC in your business name when you got the EIN? I'd stop by our site and follow our LLC course for your state. It's covers all bases. Hope that helps :)
vorkev1 (3 months ago)
I have a question I am on social security disability and state medicade I am way below the poverty level and cant work. I collect coins when I get extra income its not much on average I can save $25 in a month and at the end of the year each year if I have any extra money I did not need witch happenes sometimes I like to use it to buy a few coins. well some of the local and online places I buy from will not sell to you without you giving them a ein or a copy of a business license. I would like yo no if I get a ein will it screw up my disability at all and my state aid since I am not aloud to make more money then I do and even tho I will not be making money with the ein I am scared the state will see it as a business with income.
LLC University (3 months ago)
I hear you and that makes sense. You're very welcome :)
vorkev1 (3 months ago)
thanks so much for the help. I guess its more then a process I wanted but I think it may be worth doing what you say as down the line I am hoping to start a business and hopefully get back on my feet. thank you so much.
LLC University (3 months ago)
If you become self-employed, you need to update the SSA. And you'll want to look out for Substantial Gainful Activity (SGA): https://www.ssa.gov/oact/cola/sgadet.html. For more info, please see my reply to William on this page: https://www.llcuniversity.com/who-can-be-llc-members/
Tony Jules (4 months ago)
Thank you so much for those videos. I was able to submit my application for a LLC last night. I have a question though; about a few months ago, I start selling on Amazon which required an EIN, but it was associated with my name. How do I transfer that EIN number to the LLC? Is that even possible or do I have to have a new EIN?
LLC University (4 months ago)
You're welcome Tony :) Will do, thank you!
Tony Jules (4 months ago)
Thank you Matt for your priceless information. Keep up the amazing work you are doing!
LLC University (4 months ago)
Hey Tony, awesome! You're welcome. Yes, you can transfer that EIN to your LLC if you're the sole owner by writing a letter to the IRS. We don't have a template letter for this available yet. You can also just get a new EIN for your LLC, which is often easier and creates less confusion. Then after you file your final schedule C for 2018 taxes (in 2019), you can cancel that old EIN if you'd like. Just google our name + "cancel ein" and you'll find those instructions when the time comes. Hope that helps.
Sam S (4 months ago)
I have a sole business and an EIN already and I want to switch to a LLC What should I do ? Do I need to apply for another EIN ! Thank you
LLC University (4 months ago)
You're welcome!! :)
Sam S (4 months ago)
LLC University Got it 👍 Thank you 🙏
LLC University (4 months ago)
You're welcome :) When you file the Sole Proprietorship portion on your taxes next year (April 2019 filing for 2018 activity), mark your Schedule C as "final". We recommend working with an accountant if you're not already. Then cancel that EIN later in 2019. Here's instructions: https://www.llcuniversity.com/irs/cancel-ein/. You don't have to do this first though before forming your LLC and getting a new EIN.
Sam S (4 months ago)
LLC University thank you for your quick response and great videos. The question is , then what should I do with the old EIN ?
LLC University (4 months ago)
Hi Sam, yes, after your LLC is approved you would get a new EIN. We have instructions here for you: https://www.llcuniversity.com/change-convert-sole-proprietorship-to-llc/. Hope that helps!
Devanta Mitchell (4 months ago)
I’m confused on the start date do u put the date of the day your filling for the ein
LLC University (4 months ago)
Hey Devanta, the start should should be the date your LLC went into existence. If you look on your stamped and approved Articles of Organization (or Certificate of Organization, or Certificate of Formation), that's the date your LLC started. Hope that helps!
Designed For Life (5 months ago)
Hi..your vid was very helpful..i just applied for my LLC..switching from Sole proprietor..my ole EIN is attacjed to my social security number. Should I apply for a new EIN?..Im in the process of signing my commercial lease and would like to establish business credit apart from my personal credit. Any suggestions?
LLC University (5 months ago)
Yes, it's easiest to get a new EIN after your LLC is approved. After you file your final tax return for your Sole Proprietorship, you can cancel the old EIN. Here's the instructions: https://www.llcuniversity.com/irs/cancel-ein/. We don't have any info on business credit. It's not something we get into as we're not huge fans. There's a lot of shady stuff going on in that space. Oh, here's some additional info as well for changing from a Sole Proprietorship to an LLC: https://www.llcuniversity.com/change-convert-sole-proprietorship-to-llc/. Hope that helps!
Easedan900 (5 months ago)
Thank you for the video it was simple and clear...
LLC University (5 months ago)
You're very welcome. Thanks for your nice comment!
parimzparimz (6 months ago)
I live in different country but i need LLC so what should i fill in for address?
LLC University (6 months ago)
Make sure your LLC is approved first before getting an EIN. Also, if you don't have an SSN or ITIN, you can't get an EIN online. You'll need to mail or fax Form SS-4 (https://www.irs.gov/pub/irs-pdf/fss4.pdf) to the IRS. Just write "Foreign" on line 7b.
Watan Farid (6 months ago)
Thanks for a very important informations, i have a question and you might be able to answer it. i already have EIN Number under my name and not on LLC, do i still have to apply for LLC???
LLC University (6 months ago)
Hi Fred, if your LLC approval was electronic, then it has the same effect. You're good to proceed :)
Watan Farid (6 months ago)
Hello, yes it certainly Didi help, but I applied on line and got the confirmation right a way, will receive the approval via mail or should I continue with the rest of the paperwork? Regards Fred
LLC University (6 months ago)
You can apply your existing EIN to your LLC by writing the IRS a letter, but it's easier to just get a new EIN for the LLC since it only takes 10-15 minutes to run through the application. Just make sure to wait until your LLC is approved before applying for a new EIN. Hope that helps.
Ameela Boyd (7 months ago)
Thanks for the vids they have been extremely helpful. When I applied for my EIN, I put the right name in which is THE COVERING. when it went over to give me the ein # I only saw the COVERING. Ii tried changing it but it would not go back. Do i need to do anything or leave it as is?
LLC University (6 months ago)
You're very welcome Ameela :)
Ameela Boyd (6 months ago)
Thanks again, I have learned a lot from you, the help is highly appreciated and for the fact that you took the time to respond awesome.
LLC University (7 months ago)
If you have no income and you're not deducting any expenses, then you don't need to include it in your federal 1040 return. However, you have a filing with your state. We're unable to offer guidance in terms of taxes as it varies widely by business, person, and location. Here is information on how to find an accountant to speak with though: https://www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/
LLC University (7 months ago)
Hi Ameela, that is strange. I haven't heard of that. You can cancel the EIN (https://www.llcuniversity.com/irs/cancel-ein/) and then get another one. That's the easiest route.
Ameela Boyd (7 months ago)
I have another question, I registered the business but Im still fine tuning a few things so have not started offering my services as yet, so there is no money coming in. Do I still have to file taxes? and if so how do I go about it?
Joanna Belleca (7 months ago)
I am not American but I want to start selling on amazon and it requires an EIN.  but this requires a US address. I dont have one. Do you have any suggestions?
LLC University (7 months ago)
Hi Joanna, did you form an LLC? If you stop by our website and follow our LLC course, you can form an LLC, then use your Registered Agent's address when obtaining your EIN. Make sure to get the EIN after the LLC is approved. You'll also need to mail or fax form SS-4 to the IRS. If you don't have an SSN or ITIN, you cannot obtain the EIN online. Hope that helps.
A&N Services (7 months ago)
Hi What about a 2 member LLC. thank you
LLC University (7 months ago)
It's mostly the same. You'll just select "2" from the drop down. Multi-member LLCs, by default, are treated as Partnerships by the IRS. We have more details written here in our "How LLCs are Taxed" article: https://www.llcuniversity.com/irs/how-are-llcs-taxed/. If you have a husband and wife LLC, please see this article about the Qualified Joint Venture: https://www.llcuniversity.com/irs/qualified-joint-venture-husband-wife-llc/
Banana Bandana (8 months ago)
LLC benefits The benefits of creating an LLC typically outweigh any perceived disadvantages and are typically unavailable to sole proprietorships and general partnerships. Right now I'm a sole proprietor because I rent rooms I need to create an LLC to cover myself. And Protect assets. LLCs provide limited liability protection to their owners (members), who are typically not personally responsible for the business debts and liabilities of the LLC. Creditors cannot pursue the personal assets (house, savings accounts, etc.) of the owners to pay business debts. Conversely, in a sole proprietorship or general partnership, owners and the business are legally considered the same—leaving personal assets vulnerable. Pass-through taxation. LLCs typically do not pay taxes at the business level. Any business income or loss is "passed-through" to owners and reported on their personal income tax returns. Any tax due is paid at the individual level. Heightened credibility. Forming an LLC may help a new business establish credibility with potential customers, employees, vendors and partners because they see you have made a formal commitment to your business. Limited compliance requirements. LLCs face fewer state-imposed annual requirements and ongoing formalities than S corporations and C corporations. Flexible management structure. LLCs are free to establish any organizational structure agreed upon by the company owners. LLCs can be managed by the owners (members) or by managers, unlike corporations which have a board of directors who oversee the major business decisions of the company and officers who manage the day-to-day affairs. Few restrictions. There are few restrictions on who can be an LLC owner or how many owners an LLC may have (unlike S corporations).
LLC University (8 months ago)
You nailed it! Sounds like LLC is the way to go for your business (instead of operating as a Sole Proprietorship).
Savages (8 months ago)
Any tips you may have on Duns number?
LLC University (8 months ago)
Thanks for your comment. At this time, we have covered this yet, but will consider in the future. Thank you.
Izaak Ruiz (8 months ago)
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?
LLC University (8 months ago)
Hi Izaak, the US citizen is known as the responsible party. We've written more about this here: https://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.
Astrid P (8 months ago)
Thank you for all the good information. I have a question. I have a LLC single member). I recived the LLC request Information and there is a part in this form that I am not sure. Part 3 EIN *check here if the llc is a single member llc that is disregarded as an entity separate from its owners for federalan new york state tax purposes. The disregarded entity should obtain a federal EIN . I am almost possitive that I do not have to check it because my LLC has a EIN and I want my taxes separate. Also, below that they are asking me for owners legal name and EIN ( is this mean my personal EIN? )
LLC University (8 months ago)
You're very welcome!
Astrid P (8 months ago)
Thank you for your help. I really appreciated.
LLC University (8 months ago)
You're referring to the New York Department of Taxation and Finance's "LLC/LLP Request for Information". In part 3, you'll just enter your EIN. Do not check the box ("check here if the LLC is a single-member LLC that is disregarded as a separate..."). You are correct that you don't need to check it, but your reasoning is not correct. A single-member LLC is taxed as either a Sole Proprietorship or a Disregarded Entity. If the single member is a person (which is your case), the IRS + NY state will tax your LLC as a Sole Proprietorship. If your LLC is owned by another company (like another LLC), then the IRS treats your LLC as a Disregarded Entity. Hope that helps! We have more information on how LLCs are taxed here: https://www.llcuniversity.com/irs/how-are-llcs-taxed/
saqisaqicooltoad (9 months ago)
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
LLC University (9 months ago)
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: https://www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/
Emiliano Mariño Galli (9 months ago)
Hello hello I have been watching these great videos and I followed the llc creation one and now... I HAVE A LLC!!! YEIIIIII!! I have to thank you for that, I do not know why but everyone is trying to convince you that doing this is harder than sending a rocket to the moon but anyways I have a few question for you now... first of all I received my confirmation and certificates and everything and now I am working to get an EIN, I want to know if I could get a EIN with a b1 visa for my LLC? If yes, how do I do it?? I know it is to much to ask but it could be material for a new video (lol) other question is, how can I get an ITIN number with b1 visa for the LLC?? Do I really need it? And finally but not less important if I choose the "existing business" instead of "individual" does the existing business has to pay taxes after a year?? Or it is just a formality to give the EIN? again... I hope the best for you and everybody around you thank you
LLC University (9 months ago)
You're welcome. The mailing address is not in Austin, TX. The mailing address is in Cincinnati, OH . Please see the "Where To File or Fax" section on this page: https://www.irs.gov/instructions/iss4
Emiliano Mariño Galli (9 months ago)
LLC University thanks a lot, I will be filling and mailing this to the irs address in Austin, TX. Thank you so much, I will let you know how it turned out!
LLC University (9 months ago)
The parenthesis got included in the link. Here is the correct one: https://www.irs.gov/pub/irs-pdf/fss4.pdf
Emiliano Mariño Galli (9 months ago)
LLC University page not found 😣 what I would like to know is if the LLC can operate with no EIN or ITIN... Please if you find the link please attach
LLC University (9 months ago)
Hi Emiliano, thanks for the kind words. Glad the videos were helpful! You can certainly get an EIN from the IRS (even if you don't have a SSN), but I'm not sure how that will affect your b1 visa (we haven't fully researched this yet). You'll need an ITIN if you have US tax obligations. But you don't have to get that right away, as in, there's not a major rush. However, I recommend speaking with an accountant to make sure. Same thing about your "existing business" question. You'll want to speak with an accountant. I believe you should be selecting "started a business" though, since you just formed the LLC. Also, if you don't have an SSN or ITIN, you cannot obtain an EIN via the online application. You'll need to mail or fax Form SS-4 (https://www.irs.gov/pub/irs-pdf/fss4.pdf) to the IRS. I recommend a digital fax as the approval of the EIN will be quicker (instead of mailing it in). Hope that helps.
Len S (9 months ago)
For my business details, I checked off "services" and it asked me to specify the primary business activity. I put down "Facebook ads" though I realized I should have put down "marketing agency" I submitted the form. Is that alright?
LLC University (9 months ago)
Sure thing. You're welcome Len!
Len S (9 months ago)
Thank you so much!
LLC University (9 months ago)
No, you don't have to get a new EIN for changing business activities. You can see here (under Sole Proprietors): https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein. It's listed as "You operate multiple businesses."
Len S (9 months ago)
Thanks a lot! one more thing, if Facebook ads are no longer popular in 5-10 years or if I no longer enjoy Facebook ads and I decide to move onto something like Google or Linkedin ads, would i have to cancel my current EID and get a new one? I just would like to know for the future :)
LLC University (9 months ago)
Hey Len, don't worry. The IRS doesn't "hold your feet to the fire" and force you to keep doing the same thing... or prevent you from other business activities. They just want to initially know what the business is about. "Facebook ads" is fine. Hope that helps :)
Guillermo Gonzalez (10 months ago)
I get an error message 105. what does it mean?
LLC University (10 months ago)
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.
Tess Darnell (10 months ago)
Hi! I have question, I am applying fo EIN what address will be use in EIN my home address in California my physical address to put in IRS? Or my LLC agent address in Mississippi? I am confused, please help
feather wind (6 days ago)
LLC University that’s a lot LLC university, I have the same question as Bess , I used register agent too , I don’t know which address shall I put in for EIN application , if I put my own address , will my address on public search ? That will defeat the purpose of using register agent address when I apply for my LLC . Please help me on this question . Thank you very much .
KEYTLaw (5 months ago)
which ever is easiest for you. And you can change the address if you want mail from the IRS to go somewhere different.
LLC University (10 months ago)
You can use whichever address where it's easiest for you to receive mail. Think of it as providing a mailing address to the IRS.
Craig Hollabaugh (10 months ago)
Thanks for the video
LLC University (10 months ago)
You're welcome Craig.
Angel Graham (11 months ago)
Hi, My husband and I started a business and today we obtained an EIN as an LLC Partnership. However, after a few hours we discovered the high franchise tax in California and no longer want to be an LLC. Should we cancel our current EIN and apply for a new one, or is there a way to change the business type to our already existing EIN? Also, if we do apply for a new EIN is a partnership the best option for a married couple that files a joint tax return? Would a sole proprietorship be more beneficial? Hope my questions make sense :/
LLC University (6 months ago)
Hi Jan-Luc, apologies for the slow reply. We didn't get notified of your comment. I agree and I hear you. Thanks for the feedback! We'll make improvements on this.
jan-luc vandamme (7 months ago)
I hired Northwest Registered Agent as well and almost put their address down on the EIN application site. Good thing I read these comments and put my Brooklyn address down. This important detail should be in the video!
LLC University (10 months ago)
Then you never actually formed an LLC. A lot of people make this same mistake... thinking that getting an EIN and selecting "LLC" in the early steps formed an LLC. It does not. The LLC is formed at the state level. In your case, in CA. Then you'd obtain an EIN later on. You should cancel this EIN (instructions here: https://www.llcuniversity.com/irs/cancel-ein/) and then re-evaluate before moving forward. We have some helpful videos here in our learning center: https://www.llcuniversity.com/learning-center/. Hope that helps.
Angel Graham (10 months ago)
No, we did not. We only applied for the EIN.
S K (11 months ago)
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?
KEYTLaw (5 months ago)
you just need one responsible party to get your EIN!
LLC University (11 months ago)
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: https://www.llcuniversity.com/irs/ein-responsible-party-for-llc/. Hope that helps.
dede johnson (11 months ago)
Hi! Can a B1 visa holder also get a tax ID number?
LLC University (11 months ago)
What type of Tax ID Number do you need? An EIN (Employer Identification Number) for an LLC you formed... or something else?
claddagh1000 (11 months ago)
Does getting a tax ID costs $$?
KEYTLaw (5 months ago)
it is free!
LLC University (11 months ago)
Nope. The IRS does not charge anything. It's $0.
Kevin Rustles (1 year ago)
How do you know if the LLC has been approved and how long does it take (New York)?
LLC University (1 year ago)
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.
prettyassprincess21 (1 year ago)
Thanks so much for the video it was so helpful
KEYTLaw (5 months ago)
yes!
LLC University (1 year ago)
You're welcome!
Jon Saw (1 year ago)
How to know if they treat the company as Sole Proprietor or Corporation or Partnership? I know it is one member but if the llc chosen as Sole Proprietor on taxes does that mean in the event of suing the company the person also will be liable instead of LLC?
LLC University (1 year ago)
Hi Jon, by default, the IRS will tax a single-member LLC like a Sole Proprietorship. And the IRS will tax a multi-member LLC like a Partnership. The LLC would need to make a special election for C-Corporation or S-Corporation tax statuses. And regardless of how the LLC is taxed by the IRS, this does not affect the legal/liability protection.
Ranran Lu (1 year ago)
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!
LLC University (1 year ago)
You're welcome!
Ranran Lu (1 year ago)
LLC University I see. Thank you very much!
LLC University (1 year ago)
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.
Cristina Rey (1 year ago)
When EIN NUMBER is available to see en sunbiz at the record LLC? Now just said NONE. Date of EIN was: 07-03-2017
LLC University (1 year ago)
You'll see your EIN appear after you file your first Annual Report. It'll be due in 2018.
Nathaniel Smith (1 year ago)
how do i change the physical address of the LLC for loan purposes?
LLC University (1 year ago)
You're welcome Nathaniel!
Nathaniel Smith (1 year ago)
Man thank you so much. I'm new to this and need all the help I can get
LLC University (1 year ago)
You don't need to change the Resident Agent in this case. You just need to change what's known as the Principal Office Address. You need to file an amendment to do this. For Tennessee LLCs, it's Form 4247 (Articles of Amendment): http://share.tn.gov/sos/forms/ss-4247.pdf. Filing fee is $20.
Nathaniel Smith (1 year ago)
I set this LLC up for my brother but put me as his resident agent and my address as the physical. But the loan will require a utility bill and proof of resident for him/ the LLC
Cristina Rey (1 year ago)
Hello! I watched your video and followed all the instructions; However, my LLC is made up of two members (my husband and I) so at the moment of starting the application we placed 2 members, and we kept LLC, I thought I also had to put my information. The fact was that we finished everything and SS-4 EIN appeared only with the name of it, now I do not know what else to do in the document besides it says something about FORM 8832. do you have any video that can help me with this FORM? Thank you.
LLC University (1 year ago)
Great tip on adding a note to the video. Thank you. And you are very welcome!
Cristina Rey (1 year ago)
LLC University Excellent! Thanks for your help and the material that you publish on your page, I made the document of operations and follow some of your recommendations to make the opening of the bank account. As soon as your answer, perfect !, I will take into account this, it would be good that you add this observation in the video in case someone else arises the doubt. At the time of making the taxes usually my husband uses a recognized company that supports us in those procedures, however I will be watching that they fill up all those form that you said to me. Thank you
LLC University (1 year ago)
Hi Cristina, you do not need to complete Form 8832 unless you want your LLC taxed like a C-Corporation (instead of a Partnership). The reason you are only seeing 1 name on the Confirmation Letter is because the IRS just needs 1 Responsible Party. They do not need the contact information of all members. They just need to know the number of members in order to know how the LLC will be taxed. So you did everything correctly. And the name you see at the top of the letter is the Responsible Party. But all LLC members are responsible for reporting the income/loss on their personal 1040 tax return. You'll also need to file a Partnership 1065 return and issue K-1s to the members. We highly recommend getting help from an accountant with this.
Darren Chang (1 year ago)
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?
LLC University (1 year ago)
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.
michael ray (1 year ago)
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.
LLC University (1 year ago)
Awesome. You're welcome!
michael ray (1 year ago)
Thank you for your help! Yes I finally got that portion completed.
LLC University (1 year ago)
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.
J S (1 year ago)
If a married couple are both members of a joint LLC, can they form a single member LLC? If yes, in the IRS form do they write total of members=1 even though both spouses are named in the LLC's articles of organization? Thanks in advance :)
KEYTLaw (5 months ago)
one if the LLC is community property!
J S (1 year ago)
Thanks! Cheers!
LLC University (1 year ago)
You will not be considered a Qualified Joint Venture by the IRS if residing in Florida. So instead of filing taxes as a Sole Proprietorship, you'll file as a Partnership.
LLC University (1 year ago)
Yes, you are correct, as long as the married couple files jointly and is located in a community property state (AZ, CA, ID, LA, NV, NM, TX, WA, and WI). If that's the case, during the EIN online application, you will list your state and select "2" members from the drop down. Then on the next step, the IRS will ask if the members are a married couple. You'll select yes. Then on the next step, the IRS will ask if you'd like to form a single-member LLC or a multi-member LLC. Choose single-member. The IRS refers to this type of taxation as a Qualified Joint Venture (QJV). Additionally, in your Operating Agreement, you'll list the owner as "John and Mary Doe, 100% owner" (treating the married couple as one unit). Hope that helps!
Dyri Washington (1 year ago)
Also if I made a mistake on my application for my EIN, am I supposed to cancel the current one and get a new number for my business or will I have to start completely over with everything?
LLC University (1 year ago)
Hey Dyri, I recommend cancelling the EIN, then applying for another one. Here are instructions on how to cancel the first EIN: https://www.llcuniversity.com/cancel-ein/
Dyri Washington (1 year ago)
I recently got my Federal EIN and on the paper it said that I am supposed to file Form 720 by July 31st as that is when the quarterly tax report is due. My question is if I own an online clothing boutique, do I really need to file form 720 for quarterly excise taxes? Bc every time I look up anything pertaining to Form 720, I see articles about taxes on things such as gas, cigarettes etc but not clothing. I'm not exactly sure if clothing falls under the umbrella of 'retailers' in this case. I know you are not a tax expert but I thought to ask before I hire an accountant to ask them this question.
LLC University (1 year ago)
Hi Dyri, you can just cancel your current EIN (https://www.llcuniversity.com/cancel-ein/) and then get a new one. You don't have to dissolve your business and start all over with everything. Also, you can get the new EIN right away. You don't have to wait for the first one to be cancelled (since it takes the IRS about 30-45 days to do that and mail back a confirmation letter).
Dyri Washington (1 year ago)
LLC University Ok so I made a mistake. On the paper for my EIN, it said that Form 720 was due by July 31st. Do I cancel my current EIN and get a new one or will I have to dissipate my business and start all over with everything?
LLC University (1 year ago)
Hey Dyri, no, you don't need to pay/file quarterly excise tax. This tax is due on sales of gasoline, cigarettes, alcohol, large trucks, and a few others. But not on clothing.
Jon Saw (1 year ago)
If I close my LLC one day for any reason, what will happen to the EIN assigned to the LLC? Are they going to delete it or I can keep it? If they delete it my business credit history will vanish with it? I am asking in case I close the llc and want to open again after two years with a different llc name.
LLC University (1 year ago)
Nothing happens if you just let an EIN sit. It pretty much just sits in the IRS's database. Having an EIN does not require you to file taxes. We recommend cancelling EINs that are no longer in use for clarity and organization. Yes, if you open 2 LLCs (or more), each should have its own EIN.
Jon Saw (1 year ago)
Just out of curiosity, If I open two LLCs should/can I have two different EINs? Is it something optional to cancel EIN after closing the LLC? What will happen if I do not close the EIN after closing the LLC? Filing taxes probably?
LLC University (1 year ago)
EINs are not deleted, but you can close the account after you dissolve the LLC. We have instructions here: https://www.llcuniversity.com/cancel-ein/. I'm not sure about business credit, as we don't specialize in this area.
Elsa Ch (1 year ago)
Hello, I formed an Single-Member LLC for a small business online. I have no intention of having employees but I read that hiring your underage children is a good idea to deduct taxes. So, when applying for the EIN, did you choose to have employees even if it is my minor child? Thanks for your reply. Its content is great.
Elsa Ch (1 year ago)
OK Thanks
LLC University (1 year ago)
Hi Elsa, I'm not familiar with this and do not know if this constitutes a legal employee, in terms of the IRS. I recommend speaking with a few accountants to determine the best course of action.
Loc Nguyen (1 year ago)
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?
KEYTLaw (5 months ago)
sure can!
LLC University (1 year ago)
Yes, you can use any mailing or primary residence address that you'd like.
Dana Wright (1 year ago)
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.
Dana Wright (1 year ago)
Thank you!
LLC University (1 year ago)
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!
Joel Dickherber (1 year ago)
Thanks for all your help I really appreciate it. My question is when I appied for our LLC EIN, I put two members but it only took my info and SSN. So my name is the only one on the EIN along with our business. Is this anything to worry about? Did I do anything wrong? Thanks again for all you have done to ease the confusion of this process.
LLC University (1 year ago)
You're very welcome Joel! Glad we can help :-)
Joel Dickherber (1 year ago)
That makes sense. Thank you for the reply, and again thank you for taking the time to make these videos they have helped me out a lot
LLC University (1 year ago)
Hey Joel, you did everything correctly. The IRS only requires one Responsible Party to be on file. Think of the Responsible Party as the contact person. Prior to that, when you entered 2 members, this let's the IRS know that the LLC will be taxed like a Partnership. The IRS doesn't need all members on file. Reason being, is the individuals are already responsible for reporting the LLC's income/loss on their personal tax return. Hope that helps clarify a bit further.
Andrew Rey (1 year ago)
Thank you so much for this advice and guidance. I did not save the pdf welcome letter. Can I go back in and get it? If so, please help me. I tried already and it said I have to apply again. Thank you in advance. Andrew
LLC University (1 year ago)
You're welcome Andrew. Yes, having the number is what really matters. You should also just be able to give that to the bank without the confirmation letter, but it does depend on the bank you use. Make sure to call ahead of time on that one, just to be safe ;)
Andrew Rey (1 year ago)
LLC University Thank you. yes, this does help. I have the tax ID saved. I believe this is the main thing, right?
LLC University (1 year ago)
Hey Andrew, no need to sweat too much ;) The IRS will also mail you a copy of the EIN Confirmation Letter (Form 575) in a few weeks. If you'd like a copy now though, you can only get a Form 147 by calling in: 800-829-4933. Hope that helps!
EarthNatureArt (1 year ago)
I am a permanent resident with a green card here in the US, but still a citizen of my country of origin, (I use my passport from my country), can i still use my social security number? Or do i have to apply for the ITIN?
LLC University (1 year ago)
You're welcome.
EarthNatureArt (1 year ago)
Ok thank you
LLC University (1 year ago)
Yes, you can still use your SSN for the online EIN application.
EarthNatureArt (1 year ago)
If i have received the email from the state after filing the articles of organization, can i continue on to this step? Is the email the approval?
LLC University (1 year ago)
You're very welcome! Happy to hear that :)
EarthNatureArt (1 year ago)
LLC University yes it definitely helps! You have no idea how much easier you made this whole process! Thank you!
LLC University (1 year ago)
Okay, perfect. The copy of your Articles of Organization is your approval, along with the Acknowledgement letter. Hope that helps :)
EarthNatureArt (1 year ago)
And yes there is an acknowledgement copy of the articles of organization as a pdf file
EarthNatureArt (1 year ago)
I filed through the states website, the one you showed in your video.
Wow!!! You Have Made It Real Easy And simple to understand!!! Thank You So Much For Your Time And patients!!!🌹
LLC University (1 year ago)
You are very welcome!! Thank you for the kind words!!! Be well :)
Alex B. (1 year ago)
can i put any business name? if no.. what should do ?
LLC University (1 year ago)
Hey Alex, this video is meant as a followup after someone forms an LLC. So you'd need to find the video on our channel, or it's a lot easier to go through our website (http://llcuniversity.com/) and form your LLC with those instructions. You'll find this exact video on our website in the state lessons. Hope that helps.
Sherice White (1 year ago)
What should you do if you have an online business and you do not have a principal address? They also don't list an option for a second street line which is very inconvenient..
LLC University (1 year ago)
You're welcome Sherice!
Sherice White (1 year ago)
Thank you for your quick reply!
LLC University (1 year ago)
For the IRS, you can just use any address where you can receive mail. It doesn't have to be an actual "office" location. I know, their forms are poorly designed. You'll need to enter the Suite, Unit, Apt #, etc on the 1st line. For example, "123 Maple Ave Apt 3". Hope that helps!
Don Price (1 year ago)
When setting up an LLC and then obtaining an EIN - would not having employees now and marking that on the forms, prevent the LLC from having employees in the future - if employees were hired would there be any changes or need for additional forms to be filled out?
LLC University (1 year ago)
Hi Don, you can certainly say no now, but hire employees later. Yes, if you hire employees you'll need to take care of payroll, withholding taxes, state registrations, and possibly more, depending on your state. You'll need to speak with an accountant in your state though, as this can vary widely. Apologies I could not be more specific. If needed, here's my best tip to finding a good accountant: https://www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/
Bonnie Merck (1 year ago)
This was VERY helpful, Thanks!
LLC University (1 year ago)
You're welcome Bonnie!
Isa Feliu (1 year ago)
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!
LLC University (1 year ago)
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: https://www.llcuniversity.com/how-to-find-an-accountant-for-your-llc/. Hope that helps!
Jonathan Mayers (1 year ago)
What if your business is a limited partnership (L.P.). How would you go about getting an ein?
LLC University (1 year ago)
Hi Jonathan, I'm not 100% sure as we only focus on LLCs. Apologies I could not be more helpful. You can call the IRS's business department (800-829-4933) and ask them though. Hope that helps.
J.T (1 year ago)
what if you just have a dba? can you still get a ein?
LLC University (1 year ago)
You're welcome JT :)
J.T (1 year ago)
thanks !
LLC University (1 year ago)
Yes you can still get an EIN for a DBA. Hope that helps.
Erik Burton (1 year ago)
Dammit! i just filled out the application and got my EIN but failed to put LLC in the name. I figured since it asked me the name of LLC it would automatically include it... what do i do now? How do I change that line?
LLC University (1 year ago)
Hi Erik, if you did everything else correctly, you can just change the name with a letter: https://www.irs.gov/individuals/business-name-change. Instructions are also on this page: https://www.llcuniversity.com/pennsylvania-llc/name-change-certificate-of-amendment/. Scroll down to the "Notify the IRS of Your PA LLC Name Change" section. Hope that helps!
bebright02 2500 (1 year ago)
I have tried to open a bank credit union business account and they said I can not open one without my SSN. This is even though I give them my EIN. They think I am a terrorist. I am born in the USA.
LLC University (1 year ago)
Most banks will require your SSN to be a signor on the account. The bank account is under the EIN, but you, as a signor, need to provide your SSN for identity purposes.
Paul P (1 year ago)
Hello, Can I file an LLC name with words such as "trust", "Charity", "non profit" like "My Trust Fund LLC" in an LLC name? Is it legal?
LLC University (1 year ago)
Hey Paul, can you give an example along with your question? I did not understand. I sifted through the Ohio statute pertaining to name rules (http://codes.ohio.gov/orc/1705.05v1), but the restrictions are not listed. I recommend calling Business Services (614-466-2655) and double-checking. Hope that helps!
Paul P (1 year ago)
State of Ohio. What if it is just about LLC and not related to the banking such as for real estate purpose only?
LLC University (1 year ago)
It depends on the state you are filing in. Where are you forming an LLC? Most of the time, you cannot use terms related to banking unless you have clearing form the state department of banking.
MARK JAMES (1 year ago)
Awesome video, quick and straight to the point.
LLC University (1 year ago)
Thank you sir!
Patrick Manning (1 year ago)
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
LLC University (1 year ago)
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!
Elana Tapp (1 year ago)
im confused lol i want a business llc ein number.but i dont need a corperation.i am self employed.so which llc do i choose?? im trying to get business vendor credit and revolving credit.thanks
LLC University (1 year ago)
Yes, the EIN is free, but this video is for LLCs getting an EIN, not just EINs in general. Do you have a business you are starting? Did you already form an LLC?
Elana Tapp (1 year ago)
im trying to establish vendor credit so i need an ein business number right??? is this free?
LLC University (1 year ago)
Hi Elana, we don't teach LLC formation for the sole purpose of building an artificial/inflated business credit profile. I recommend building an actual business. On that note, I'm not sure I fully understand your question.
Debra Steer (1 year ago)
Thanks for making this so painless and not so scary.
LLC University (1 year ago)
You're very welcome Debra!
Johnny Likez (1 year ago)
yes i would like ahand am very smart i build websites for free give them away i like testing my stills its time work in my self now
LLC University (1 year ago)
Hey Johnny, sounds good. Just saw your email that came through the website. I'll reply there now.
Johnny Likez (1 year ago)
Thanks for the info I'll just do that I'll keep you in formed
LLC University (1 year ago)
Yes, by "what state", I meant in the USA (not in Canada). Michigan is a great state. Just saw your email too that came through the website. I'll reply there now.
Johnny Likez (1 year ago)
am from alberta am thinking llc in mi need to understand you more my llc you mean in ca or usa am hoping inusa
LLC University (1 year ago)
You're welcome Johnny! What part of Canada are you in? I lived in Quebec for 5 months in 2015. It was lovely :) Have you decided what state you are going to form the LLC in?
Johnny Likez (1 year ago)
how about if your from canada can you still apply for ein number?
LLC University (1 year ago)
Hey Johnny, yes, you can certainly apply for an EIN without being in the US, and without having a US social security number. You just can't apply online as it requires a social security number. Instead, you have to apply for your EIN by fax or mail and enter "Foreign" on Line 7b. Did you already form your LLC? Make sure your LLC is approved first before applying for the EIN. If you need a hand, give us a shout: https://www.llcuniversity.com/contact/
Keeta M (1 year ago)
wow thank you but I had to watch the video so many times cause you went so fast
LLC University (1 year ago)
Thank you so much!!
Keeta M (1 year ago)
oh thank you so much. I pray God blesses you. Any information you offer to help me, I'm sure will help others
LLC University (1 year ago)
Hey Keeta, as long as the address is a street address in PA (not a PO box), then yes, you can use the address where you live. If you ever need to change that address, it's only $5 with the state. Also, two tips for you... it's best to follow our step-by-step PA guide on the website, as it's easier: https://www.llcuniversity.com/pennsylvania-llc/. And check out our "naming your buisness tips" article: https://www.llcuniversity.com/4-tips-for-choosing-a-business-name/. Let me know if you need anything else!
Keeta M (1 year ago)
I haven't come up with a name just yet for the LLC. This will be in Pennsylvania. The LLC website asks for the address of the business, but I don't have the building yet so can I put my address where I reside?
LLC University (1 year ago)
Hey Keeta, thanks for the feedback. I'll work on slowing down during the recordings. Glad the info is helpful :) Did you already form your LLC? What state?
JetVet718 (2 years ago)
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 ?
Gilbert J (2 years ago)
Thank you !
LLC University (2 years ago)
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.
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! :-)
LLC University (2 years ago)
Hey Shiya, awesome!! I'm happy that are videos are helping :) Is there anything else you need help with or have questions on?

Would you like to comment?

Join YouTube for a free account, or sign in if you are already a member.