Source of this page
This regulation detail page is rendered from the SMBRegs static catalog, not a live government database record. Use the official filing link below to verify current requirements before filing or relying on this summary.
Description
All businesses with employees, or those operating as corporations or partnerships, must obtain an EIN from the IRS. This is your business tax ID used for filing returns, opening bank accounts, and hiring employees.
Key Details
- Jurisdiction
- Federal
- Category
- Registration
- Renewal Frequency
- one-time
- Estimated Cost
- Free
- Estimated Time
- 15 minutes (online)
Penalties for Non-Compliance
Cannot open business bank account or hire employees without EIN
Official Filing Link
https://www.irs.gov/businesses/small-businesses-self-employed/apply-for-an-employer-identification-number-ein-onlineDoes this apply to your business?
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