EIN for your Pennsylvania LLC
A Federal Tax ID Number is issued by the IRS to a business entity.
It is essentially a Social Security Number used by to identify the business.
Applying for a Federal Tax ID Number is one of the first essential steps for a new business.
The Federal Tax ID Number is necessary when a business files their tax returns. It is also a required by banks when opening accounts in the name of the business.
When a business is organized as a Limited Liability Company (LLC) or as a Corporation, the business needs its own Federal Tax ID Number from the IRS. An LLC in PA must have its own tax ID number.
If the business is a Sole Proprietorship, the owner’s own Social Security Number may be used as its Federal Tax ID Number.
Because a Federal Tax ID Number is required to appear on all of a business’ government forms as well as its official documents, many business advisers recommend that business owners apply for a Federal Tax ID Number, rather than use their own Social Security Number.
There are several business activities and events which require a Federal Tax ID Number.
These include when a business hires employees, withholds employee taxes, or creates a pension plan or trust.
This is one of the reasons why a Federal Tax ID Number is sometimes referred to as an Employer Identification Number or EIN.
A Federal Tax ID Number is needed when a business changes its organization, for example when a business opts to incorporate after originally opening as a partnership or a sole proprietorship, or when one business purchases another.
Similar to Social Security Numbers, Federal Tax ID Numbers consist of a series of nine digits.
The Federal Tax ID Number appears in the format 00-0000000, with two leading digits separated from the other seven with a dash.
This format helps to differentiate it from that of the Social Security Number for an individual.
Federal Tax ID Numbers never expire. They cannot be reissued, even if a business dissolves.
Federal Tax ID Numbers for an LLC in PA or a Corporation can be obtained by visiting the LLC Formation Course..
The LLC Formation Course
Regarded as “Pennsylvania’s #1 Online Course for LLC Formation”, our online course provides you with lifetime access to the LLC formation documents (there are 2 you need) as well as detailed, step-by-step video lessons taking you through each line of all the documents.
You don’t need to hire an attorney and spend $1,000 – $1,500 to form an LLC in Pennsylvania!
The PA State filing fee is $125, and the LLC Formation Course is a one-time payment of $179.
For $304, you can form your PA LLC yourself, and rest assured knowing that it is filed correctly.
To learn more about The LLC Formation Course™, click here.