How to Obtain a Tax ID for Your Business

The entrepreneurial spirit is going strong in the United States but having a great business idea is only the start. Many people don’t think of the tax implications of starting a business and lump all of their personal and business expenses together in one account. In order to get your business started off on the right foot, it is best to separate personal and business finances. One way to do this efficiently is to obtain a tax ID for your business and tie all business accounts to that tax identification number.

Things You'll Need

  • Computer with Internet access
  • Company address and business structure information
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Instructions

    • 1

      Load the IRS website’s Federal Tax ID Number Frequently Asked Questions (FAQS) page (see Resources). Read the entire page for information on who is required to obtain a federal tax identification number (sometimes called an employer identification number.)

    • 2

      Read the IRS Employer ID Numbers (EINs) page. After reading the page, click on the link entitled “Apply for an EIN Online.”

    • 3

      Read the information listed and then click on “Apply Online Now” to start your application for a federal tax ID number.

    • 4

      Click on the “Begin Application” button after reading the important information listed. Select your business structure from the list of options which includes sole proprietor, partnerships, corporations, limited liability company (LLC), estate, trusts and an option for additional types. After selecting from this list, click on “Continue.”

    • 5

      Read the information about your chosen business type, after confirming that this matches your business, click on “Continue.”

    • 6

      Fill out the next several screens. The information requested will be different based on what type of business structure you use. It is important to read all of the information listed on each screen to ensure that you are inputting accurate information.

    • 7

      Confirm all of the information that you have input into the screens and then finish submitting your online employee identification number request.

    • 8

      Print and save a copy of the PDF file that the IRS provides you; your new EIN is listed in the upper right-hand corner.

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