How to get Tax ID?

Question

My attorney created an LLC for me. When I went to the bank to create an account, I was advised that they would need a tax ID for my LLC. I called the IRS, but could not get through. Please let me know what my next step would be to get a tax ID for my LLC.

-Dinesh.

Justin F. · Answer

https://www.irs.gov/Businesses/Small-Businesses-&-...)-Online

it's very quick, let me know if you need help- do it online as that is the fastest way

Bryan O. · Answer

Your LLC needs to exist in whatever state it does business in. For example, if you incorporate in Delaware but buy in Connecticut you would still have to register it to operate in Connecticut. There is a lot of hype about Delaware, but unless you are doing big things it is probably more paperwork and cost with little to no benefit.

David Dachtera · Answer

Any such benefits are dubious, at best. Consult your accountant.

In which ever state your entity does business it must be registered in that state and will be governed by the laws of that state first, not the state where it was first registered.

At the Federal level, however, there may be some benefits. Again, consult a financial professional - I'm not one.

Benjamin Morris · Answer

Wait,  am I getting this correctly? I could/should have set up my LLC through Delaware? Anyone care to explain the benefits of this arrangement?

Melissa Gittens · Answer

@Dinesh Thoniparambil you will also need to register your business with the secretary of state for Connecticut http://www.ct.gov/sots/site/default.asp

The site walks you through the process. If you need any additional help. I will be more than happy to assist you.

Melissa Gittens

Melissa Gittens · Answer

Also Delaware is a lot friendlier as the cost of starting is your business will be less than what it costs to start in Connecticut. @Dinesh Thoniparambil

Dinesh T. · Answer

Thanks Jacqueline.

Jacqueline Carrington · Answer

An EIN (tax ID) from the IRS is free and can be done directly on their website.

https://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Apply-for-an-Employer-Identification-Number-%28EIN%29-Online

Dinesh T. · Answer

No I incorporated in Connecticut as I live here. I have heard that Delaware is more friendly. Hopefully Connecticut was not a bad choice.

-Dinesh.

Wayne Smith · Answer

I hope you incorporated in Delaware

How to get Tax ID?

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