Identity protection
Guard your personal information by using an EIN for business transactions, reducing the need to disclose your Social Security number.
How to start a business
What is an EIN?
Learn about the benefits of having an Employer Identification Number for your LLC.
An Employer Identification Number (EIN) is your business’ equivalent to a Social Security number. Most businesses in the US require an EIN and the benefits of having one can significantly aid in your growth and success.
For self-employed individuals
If you’re self-employed as a single-member LLC or sole proprietorship, you can manage taxes using your Social Security number. However, opting for an EIN can mitigate the risk of identity theft and unlock additional benefits.
Navigating EINs for LLCs
Multi-member LLCs and those with employees typically need an EIN. Single-member LLCs without employees may operate without one, but exceptions apply, including if you pay taxes as a corporation, employ staff, or have excise tax liabilities.
Benefits of having an EIN
Easier financial transactions
Access enhanced banking services by utilizing an EIN to open business accounts.
Enhanced professionalism
Boost your credibility as an independent contractor or freelancer by presenting an EIN to clients.
Build trust with suppliers
Foster stronger partnerships with vendors by showcasing your commitment to business integrity through an EIN.
Tax compliance
Safeguard against tax-related complications and penalties by ensuring timely filing and compliance through EIN utilization.
Business credit
Build a credit profile for your business by utilizing an EIN for financial transactions, facilitating favorable lending terms.
Streamlined loan applications
Expedite the loan application process by using an EIN, creating smoother interactions with financial institutions.
How to get an EIN
You can apply for an EIN online through the IRS website or you can use a service to help you with the process. Fluz offers all-inclusive LLC incorporation, including retrieving your EIN for you.
Form a company with FluzIncorporate your company today
Our cost includes everything you need to get started, including all state filing fees.
$350 one-time setup fee
Company incorporation in Wyoming, including all state filing fees
Signed incorporation documents to establish company bylaws
First year of registered agent
Tax ID (EIN) filing and retrieval
BOI Filing
$150 annually after your first year
Maintain your registered agent
Access document templates
Keep partner perks
File your annual report
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Fluz is not offering legal or tax advice. Please consult with your lawyer for legal guidance on the best process for opening a company. Please consult with your tax accountant for guidance on any tax implications of forming a company. Fluz is not your registered agent.
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