How to Get an EIN Number Fast for Your Growing Business
Last Updated on April 15, 2025 by mia
Starting a business is exciting, but dealing with paperwork may leave you frustrated. Among the critical steps to launching your venture is obtaining an EIN, or Employer Identification Number.
This unique number is essential for tasks like filing taxes, hiring employees, and opening a business bank account.
Without it, managing your financial and legal responsibilities becomes far more complicated. New Startups understand how time-consuming and confusing this process can feel.
That’s why we offer clear guidance and resources to make your EIN application seamless and stress-free.
Register now to list your business and connect with like-minded entrepreneurs!
What Does EIN Stand For?
EIN stands for Employer Identification Number, which is like a Social Security Number but for your business.
It’s issued by the IRS and used to identify your business for tax purposes, hiring employees, opening a business bank account, or applying for business credit.
Think of it as a must-have ID if you want to run a legitimate and professional business.
Startups often need help understanding how to get an EIN number, but the process is straightforward and free.
You can apply directly on the IRS website, and it only takes a few minutes to complete if you have the right information ready.
If your startup plans to hire employees or collect sales tax, you’ll need an EIN to comply with regulations.
Even if you don’t have employees yet, many banks and lenders require one to work with your business.
Learning how to get an EIN number early puts your company on the right path to growth and avoids legal headaches later.
How Do I Apply For An EIN, And What Documents Or Information Do I Need?
1. Understand What an EIN Is and Why You Need It
An EIN is like a Social Security number for your business. It’s issued by the IRS to identify your company for tax purposes.
You need it to hire employees, open a business bank account, or apply for certain licenses.
Think of it as your business’s ID card, helping you stay organized and compliant.
Having an EIN is crucial for handling payroll taxes and keeping personal and company finances separate.
It’s beneficial even for sole proprietors to build credibility. By obtaining one, your startup ensures everything runs smoothly from the start.
For those involved in startup influencer marketing, having an EIN can also verify your business’s legitimacy when working with larger companies.
2. Check If Your Business Qualifies for an EIN
Most businesses in the U.S. that pay employees or file taxes will need an EIN, including LLCs, partnerships, and corporations.
If you’re a sole proprietor, you might still benefit from having one. The good news is that applying is free and straightforward.
Non-U.S. residents can also request an EIN if their business operates within the United States.
Startups often qualify, as they need it to build financial partnerships or register with government systems.
If you’re running an AI marketing startup, applying for an EIN is also a key step toward securing partnerships and funding for your innovative business model.
Knowing your eligibility saves you time and effort during the process.
3. Prepare the Information You’ll Need Ahead of Time
Before starting the application, have your business name, legal structure (like LLC or sole proprietorship), and mailing address ready.
You’ll also need the name and Social Security number of the person responsible for the business.
This is usually the owner, partner, or director. If you’ve already registered your company name, make sure it matches exactly to avoid delays.
Also, decide how you want to file taxes, because you’ll need to report this in the application.
For financial industries, such as fintech startup marketing, having accurate records for your EIN application ensures everything will align properly with your tax filings and operational needs.
Having everything prepared ahead of time makes the process quicker. This way, you won’t have to go back and forth trying to find details.
4. Choose Your Filing Method
There are several ways to apply for an EIN, so pick what works best for you. The fastest and easiest way is through the IRS’s online tool, available on their website.
You can complete the form in minutes and receive your EIN immediately. Alternatively, you can apply by fax, mail, or even phone if you’re outside of the U.S.
Remember that online applications are only for businesses located in the U.S. and its territories. If you’ve consulted startup legal advice beforehand, you’ll already know which method aligns best with your business needs.
Using the online tool saves startups valuable time, especially if you’re eager to get things rolling. No matter which method you choose, the process is free.
5. Complete the IRS Form SS-4
Form SS-4 is what you’ll fill out to apply for an EIN. It asks for your business name, type, and ownership details.
You’ll also report your industry and the reason for applying, like starting a new business or hiring employees.
The IRS uses this information to categorize your business for tax purposes. Make sure to fill out every field accurately to avoid processing delays.
If you’re applying online, the form is digital and guides you step-by-step. Double-check everything before submitting so there are no errors or missing data.
Taking your time here ensures a smoother application process, and consulting startup legal documents can make the process even more accurate.
6. Submit and Receive Your EIN Confirmation
Once you apply online, the IRS will give you your EIN confirmation instantly on their website.
If you apply by fax, you’ll get a response in about four business days. Mail applications take longer, usually around four weeks.
Save the confirmation in your records, as you’ll need this number often. You can now use your EIN to open bank accounts, file taxes, or register for licenses.
Keep in mind that losing this document can lead to complications, so store it securely.
Lenders and partners often require proof of your EIN, so organization is important as your startup grows.
7. Use Your EIN for Essential Business Actions
An EIN is more than a number; it’s essential for major business operations. You’ll need it to file federal and state taxes, including payroll if you have employees.
It’s also required to open a business bank account to separate personal and business expenses.
If your startup plans to apply for a loan or grant, lenders typically ask for your EIN. It also allows you to register for permits or licenses that keep your company compliant.
Business credit cards and credit scores often tie back to your EIN, too. Whether you’re exploring fintech startup marketing strategies or entering new markets, having an EIN simplifies your startup’s financial dealings from day one.
8. Apply for a New EIN When Needed
Not every business keeps the same EIN forever. If your startup changes its structure, like from a sole proprietorship to a corporation, the IRS will require a new EIN.
Mergers or acquisitions also mean companies need a different number. However, simple updates like changing your name or location don’t require a new one.
Double-check with the IRS if you’re unsure. Being proactive about EIN updates prevents legal or tax issues down the road. T
This ensures your business stays compliant as it grows or evolves.
9. Keep Your EIN Records Organized
After getting your EIN, it’s vital to stay organized. Keep a digital copy and a printed version in a safe place.
You’ll use it often, from filing taxes to applying for credit, so losing it can cause delays.
Remember to report any changes in business structure, address, or name to the IRS promptly.
Keeping records updated will save you trouble with compliance later. Being organized helps you focus on growing the startup without unnecessary paperwork delays.
For startups managing complex legal requirements, startup legal documents serve as an essential resource alongside your EIN.
10. Know How to Contact the IRS for Help
If you have questions or run into issues, the IRS offers support with EIN applications.
Their official website has a page packed with FAQs covering common problems. You can also call their Business & Specialty Tax Line during business hours for more guidance.
For most startups, using online resources will answer 90% of questions quickly.
If you applied by mail or fax and haven’t heard back, the IRS can confirm your application status.
Seeking support when needed not only saves time but ensures your EIN-related concerns are resolved smoothly.
Do I Need An EIN If My Business Is A Sole Proprietorship Or A Single-Member LLC?
If you’re running a sole proprietorship or a single-member LLC, getting an Employer Identification Number (EIN) depends on your specific situation.
You don’t always need one, but you might if you plan to hire employees, open a business bank account, or file certain tax forms.
Without an EIN, sole proprietors can often use their Social Security Number for taxes, but having an EIN can help separate your business and personal finances.
For single-member LLCs taxed as sole proprietorships, an EIN might not be necessary unless required by a bank or if you elect to be taxed as an S-corp.
Getting an EIN is free and straightforward, and a lot of startups find it helpful for building credibility with vendors and financial institutions.
If you’re unsure, it’s always a good idea to check the IRS rules and learn how to get an EIN number to ensure your business stays compliant.
Once you’re familiar with the steps, you can apply online within minutes and start using the EIN for your business needs.
Can I Apply For An EIN If My Business Is Still In The Planning Stages?
Yes, you can apply for an EIN even if your business is still in the planning stages.
The IRS allows this because an EIN is used to identify your business for tax purposes, whether your business is active or not yet operational.
Applying early can make things easier when you’re ready to open a bank account, hire employees, or file taxes.
If you’re wondering how to get an EIN number, the process is simple and free through the IRS website.
You’ll just need to provide basic information about your business, like its name and structure.
Having an EIN during the planning phase also helps you prepare for future growth and establishes your business as official from the beginning.
Taking this step is a smart way to stay organized and ahead as you build your business.
How Can New Startups Help My Business?
New Startups can help your business grow by giving you the tools and resources you need to succeed.
It offers step-by-step guidance on crucial topics like how to get an EIN number, so you can legally set up your business and manage taxes with ease.
The platform connects you with expert advice on ways to increase sales, helping you reach new customers and boost your revenue.
You’ll also find tools to simplify business tasks, letting you focus on selling more and growing your brand.
If you’re wondering how to make your business profitable, New Startups provides practical strategies that are easy to follow and put into action.
Whether it’s learning how to get an EIN number or understanding how to create a strong sales plan, the support you’ll get is tailored for startups like yours.
Check out New Startups today and take the first step to building a successful business.
Conclusion
One of the first steps every startup needs is knowing how to get an EIN number, which helps you register your business and handle taxes correctly.
Beyond that, understanding ways to improve sales and attract more customers is crucial to growing your revenue.
New Startups provides all the tools and resources you need to make these steps simpler and less stressful.
Whether it’s learning how to get an EIN number or creating a strong plan to boost your profits, the platform offers straightforward advice tailored for beginners.
By guiding you through each step with practical tips and tools, it helps you focus on building a successful business.
Visit New Startups today to start your journey toward a brighter future for your business!