TOLL FREE
866-595-6915



Incorporate your buisness the right way with the Chpater Group ---

FREQUENTLY ASKED QUESTIONS (FAQs)

Q. How long will it take to get a Tax ID (Employee Identification Number)?

A. We process a large number of EIN requests and have streamlined the process significantly. It is very likely that we can return your EIN to you on the same day you place your order. This is hardly a comprehensive list. It is generally a good idea to use an EIN for business since it distinguishes your business from you, personally.

Q. What is a Tax ID (Employee Identification number)?

A. A Federal Tax ID (EIN) Number, also known as an Employer Identification Number or EIN, is basically a Social Security Number (SSN) for businesses. It is the number the IRS uses to identify the business, and it must be included on all federal tax filings the business makes. Also, banks generally require an EIN to open a business bank account.

Q. Can I reuse the Federal Tax ID (Employee Identification Number) from my sole proprietorship?

A. If you operate your business as a sole proprietorship or general partnership, your Social Security Number is typically used as the Federal Tax ID Number for your business. When you incorporate or form a limited liability company (LLC), you must obtain a new EIN for your business.


The Chapter Group

Footer for EIN-packages Page

EIN Number Packages

Although small businesses may choose to use a social security number for tax filing purposes, many business advisors recommend that corporations, LLCs and other business entities use a federal tax ID number instead. A federal tax ID number is highly recommended for many business documents, including the initial filing of your business.

Further, most banks require an EIN, or Employer Identification Number, for companies that wish to open a bank account. Generally, a federal tax ID number is important to have if you own a new business, if your business is classified as corporation or an LLC, or if you have to plan to have employees in the future.

In effect, you can think of an EIN as a social security number, or SSN, intended for a business instead of an individual. The IRS will use this number to identify your business for tax filings.

If you plan to convert a general partnership or sole proprietorship to an LLC or corporation, such as an S-corp, you will be required to obtain a new EIN. Fortunately, EIN number packages can complete this task for you.

An EIN number package can assist you in acquiring the appropriate tax ID numbers required by the Internal Revenue Service.

Reputable EIN number packages allow you to receive employer ID numbers in as little as 24 hours through a simple, three-step process. First, you’ll be asked to complete an EIN questionnaire. Next, your federal tax ID form will be filed with the IRS. The EIN number service should review the tax ID form for accuracy and ensure that all documents are filed with the appropriate governmental agencies. Finally, you will receive a federal tax ID number, as well as any relevant documentation. The entire EIN number package should cost well under $100.