A Limited Liability Company (LLC) is required to obtain a tax ID number from the Internal Revenue Service if they have employees. Additionally, an LLC that has more than one owner is required to obtain a tax ID. An LLC Tax ID Number identifies the company for tax purposes. The LLC ID number is similar to how a Social Security number identifies an individual. A tax ID number and an Employer Identification Number (EIN) is the same.
Benefits of a Tax ID Number
In addition to affording the LLC the ability to pay taxes, an LLC EIN has several other benefits as well. Rather than providing their personal Social Security number, an LLC owner may opt to use an EIN on the majority of their paperwork. This is an excellent option for those who have concerns regarding the possibility of identity theft. Moreover, many owners of an LLC opt to use this option even when they are not legally obligated to obtain an EIN, such as those LLCs without any employees.
An LLC in South Carolina as well in the other 49 states of the United States are required to obtain a Tax ID Number or Employer Identification Number if they hire employees. Also, an EIN is required when the LLC establishes a bank account, loans, or credit. Furthermore, an LLC must have an EIN to obtain certain business permits or licenses.
Fast, Simple, Secure
If you are a new owner of an LLC, obtain your Tax ID Number fast at the IRS-EIN-Tax-ID website. The application process is simple. After completing only 3 steps, your tax ID number is delivered to your email the same day via their secure website.
Don’t give in to stress, obtain your tax ID number in less than 24-hours when you entrust in the friendly and professional services of Govt Assist agents at the IRS-EIN tax id website.