Sunday, November 22, 2009

How To Apply For an EIN

EIN being an Employer Identification Number.

You can find the start page here at irs.gov.

This is the second time I have done this, well, second time I have had an EIN. I'm pretty sure the lawyer did it the first time around. If I remember correctly, that cost me a whopping $500, 5 years ago. Of course that included incorporation as well.

I remember how daunting it was back then, starting your own business. I felt like I had to hire a lawyer to do it. The truth is, it's very easy to do. Especially if you consider the sheer volume of documentation that exists on the Oracle database...this is a piece of cake.

It took 10 minutes to complete, but most of that time was spent doing screen captures. Twenty steps in all.

Landing page from the link above:



Begin Application:



Choose the type of business:



"Sub" Corporations:



Confirm your selection:



Why do you need an EIN?



Principal Officer?



Individual details:



Location of corporation:



Verify physical location:



"Accept Database Version" is funny. Do most people understand what that would mean? I guessed that's the USPS version of my address...but I tend to work with these types of scenarios.

Corporation details:



More about the corporation:



What does your corporation do?



I selected other because there was no IT type category on there.

What kind of Other?



What kind of Consulting?



How do you want this delivered?



Summary:



EIN assigned!



Additional information:



Thank you!



Pretty easy all in all. I bet is was a bit harder 5 years ago (i.e. not automated).

Amusingly, this form is only available at certain times of the day. I tried this morning and was told the online assistant didn't work until 7 PM on Sundays. WTF?

2 comments:

Joel Garry said...

Why, they must be rebuilding indexes, of course! (g,d&r)

oraclenerd said...

lol...to tell you the truth, I wouldn't be surprised. I've worked with some of the state agencies and sometimes I walk away scratching my head...