Get Federal and State Tax IDs
Once you decide on your legal business structure, be sure to register with the government and obtain all required tax IDs, including an Employee Identification Number (EIN).
Here’s what you need to know about tax IDs for your new business.
The types of federal and state tax IDs you will need
You may need to get an employer identification number (EIN) from the IRS.
If you’re a sole owner and don’t have employees, this is not required. But you might want to get an EIN anyway to keep your personal and business taxes separate and to be sure that you can quickly hire when the time comes to expand your business.
The IRS has a useful checklist to help you decide whether you will need an EIN to run your business. If you do need an EIN, you can register online for free.