Do I Pay For An EIN Monthly Or Is It A One-Time Payment?

Back to FAQs

 

There are lots of start up costs when first establishing a business, including fees and charges for various forms and filings. Fortunately, payment for an EIN form and filing process is only paid one time; the EIN will remain with the business in perpetuity unless the business or business owner declares bankruptcy, the business changes entity types, or the secretary of state provides a new corporate charter.

Once a payment for an EIN has been processed, you will not have monthly payments, nor will there be annual payments. An EIN application form is filed a single time and should last the lifetime of the business.

How Much is an EIN Application Form?

The cost of applying for an EIN can vary depending on how you choose to file. Third party online applications will save you time and money by ensuring the application is filed correctly and with the appropriate agency. If you get an EIN online, you’ll receive your new EIN number within 24 hours of applying.

Likewise you can apply by phone or by mail. These application methods are slower and can take up to 14 days to process. You will also be responsible for extra fees, including postage, if you decide to file by mail.

Don’t Wait To Get an EIN Online

An EIN number is an important tool you can use to grow your business. With an EIN number you’ll be able to accomplish several essential business tasks:

  • Open a bank account in the name of the business
  • Apply for credit from banks or lenders
  • Hire employees and establish a payroll
  • Apply for local/state permits and licenses

Don’t wait to apply for this important tax ID. Payment for an EIN is completed once and offers plenty of ways you can grow your business.

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