Let’s make it official. I always assumed that there was going to be a big and rigorous federal application process to creating a company. Turns out that it’s easy. Companies are creatures of state law, and the only part of the federal government that really cares about your company it…wait for it…the IRS. That’s right, so long as the Feds are getting the right amount of taxes they are happy campers.
Step 1: Head to the IRS website, and begin the application HERE . You can also call the IRS or print a PDF of the application and mail it in (details can be found on the IRS website).
-The application is only available Monday-Friday from 0700 to 2200 EST
-The application must be finished in one session
-It will expire after 15 minutes, but it only takes 5 minutes.
Step 2: Start the application. If you’re confused by any of the terms, or if you’re unsure about how you should answer a question, the IRS has hyperlinked all of the important terms and provided definitions and instructions in the right sidebar for every page, so it’s easy to follow along.
TIP: It’s important to note that once you register your business, the address you’ve listed becomes public domain. If you still don’t have a business name or address, don’t stress; you’ll be able to amend these later and changing your name or address won’t require you to apply for a new EIN.
If you get an error at the end or it never stops processing: One really annoying thing is that you may get an error message when you submit saying that the system is having issues. This is almost always false. 99% of the time it means that you made a minor error in the application. For example you might have included the letters “LLC” in your company’s name (you’re not supposed to) and that’s enough to make the system reject your application, but of course, they don’t tell you that that’s the problem…
Bottom line, if you get an error go back and review your submissions
Step 3: You’ll receive your new EIN within 3 days of submitting the form (usually the response is immediate but if not, don’t panic!) If you have any more questions, the IRS has published a useful guide to EINs on its website HERE .