When Do I Know I Need To Apply For A New EIN?

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Many people wonder if they need to get a new EIN when they change their business structure. They also aren’t sure if adding employees or altering other aspects of their business requires a new EIN number. If you don’t know when you need to apply for an EIN, it can add stress to you and your business.

Do I need to Apply for an EIN for a Change in Business Structure?

There are certain instances where you will need to apply for a new EIN for your business.

If you:

  • Are a sole proprietor and choose to incorporate your business
  • Decide to become a partnership
  • Are the subject of bankruptcy proceedings
  • Get a new business chapter from the secretary of state
  • Form a new corporation after a merger

A Federal Tax Identification Number, also known as an Employer Identification Number or EIN, is a unique set of nine digits assigned to your organization by the Internal Revenue Department. An EIN lets the IRS know your business is a unique tax-paying entity within the United States of America. After you receive your EIN, you can then conduct tax-related activities, such as opening up a business bank account or filing your taxes in April, which you would otherwise need a Social Security Card for.

There are many reasons why you would need to obtain an EIN for your company, including if it operates as a corporation, has a Keogh Plan, or is involved in specific organizations like trusts of farmers co-ops.

Another reason you may want an Employer Identification Number for your company is to protect your privacy. If your company deals with multiple clients, handing out your social security number to them can put you in harm’s way and expose you to personal identity thieves. Applying for an EIN protects you against these types of attacks.

Applying for an EIN

If you fall under any of the categories listed above, then you need to apply for a Federal Tax Identification Number. You can do this easily on the IRS EIN website. We offer a secure and swift application process where you can apply for an EIN from the comfort of your own home in a matter of minutes. You can also check your application status anytime, anywhere to see exactly where you stand.

Trust in IRS EIN to obtain your EIN today. Our customer service reps are standing by to offer you knowledgeable and trustworthy advice.

How to Apply for an EIN Online

If any of the above situations apply to you and you need to get a new EIN number, it’s easy to get one online. IRS-EIN makes it simple for you to apply for your EIN online and check your EIN online, so that you know the status at any given moment. Typically, you can have your new EIN within hours when you apply with IRS-EIN.

We offer a secure and safe website for you to enter your pertinent information and apply for your EIN online. All of the data you give us will only be used to process your EIN.

IRS-EIN is not affiliated with the IRS, rather we are a third-party agency that facilitates the easy application of an EIN. Compiling and filling out paperwork can be confusing, and we make the process simple.

If you have any other questions about obtaining your EIN, we encourage you to read our other FAQs.

Select Your Entity Type to Apply for a Federal Tax ID Today