A Tax ID number (also called an EIN number) is mandatory, because without one, your corporation will be useless. Your Tax ID number will be the number that identifies your business and information. It’s just like how your Social Security number will identify who you are for your personal credit.
Once you have incorporated your business now you’re ready to apply for an EIN. If you chose to use my personal entity specialist then this would all be taken care of for you.
If you already have a corporation or LLC but do not have a Tax ID number yet, then CLICK HERE to obtain one.
For frequently asked questions about Federal Tax IDs CLICK HERE
If you have had a corporation for some time but never have obtained a tax ID number don’t worry. Tax ID numbers are not generated in a numerical fashion and there is no way for a lender to determine when your tax ID was obtained and compare it to the start of your business.
This is also important to know for shelf corporations if you are planning on using one. After you have obtained your tax ID number you’ll also be ready to open a business bank account.
If you’re serious about building business credit without a personal guarantee then you will have to complete these two steps before you can move forward:
- Get Incorporated
- Obtain a Federal Tax ID#
CLICK HERE to get incorporated plus obtain a Federal Tax ID# for your business all in one step!
What type of business structure do you have?
To Your Success!
Marco Carbajo
About the Author
Marco Carbajo is a business credit specialist, author, speaker, and founder of http://www.startbusinesscredit.com . Want to learn more about how to build business credit and obtain unlimited financing for your business? Claim Marco’s popular FREE business credit seminar ($597 Value), available by simply submitting your email below To Your Success! =>
October 7th, 2009 at 7:34 pm
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October 13th, 2009 at 3:04 pm
Thank you very much for the positive feedback. I love what I do and enjoy providing as much value as I can to my readers. All the best to you and feel free to subscribe to my feed.
October 27th, 2009 at 12:19 pm
Can you use an EIN if you are not a corporation. I hate giving my SSN out for affiliate networks.
October 27th, 2009 at 3:54 pm
Hi Kris,
You can obtain an EIN as a sole proprietor but keep in mind that as a sole proprietor you can have only one EIN, regardless of the number or types of businesses you operate.
Best of success!
October 28th, 2009 at 8:25 am
I really like your blog and i respect your work. I’ll be a frequent visitor.
October 28th, 2009 at 9:51 pm
Thank you for the feedback and glad to have you as a reader.
November 22nd, 2009 at 8:46 pm
I’ve been interested in taxes for lengthier then I care to admit, both on the individualized side (all my employed life!!) and from a legal point of view since satisfying the bar and following up on tax law. I’ve put up a lot of advice and corrected a lot of wrongs, and I must say that what you’ve posted makes complete sense. Please carry on the good work – the more individuals know the better they’ll be armed to comprehend with the tax man, and that’s what it’s all about.
November 23rd, 2009 at 11:15 am
Right on Tax Guy! Thank you for the input!
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