Frequently Asked Questions

What is an EIN Number?

• What is the purpose of a tax ID number?
• What does it mean to have a tax ID number?

After Submitting Your EIN Application

• What happens if I make a mistake on the application?
• Can an EIN cover multiple businesses?
• How can I check the status of my ein application?

IRS Tax ID Application Errors

• How do I resolve the reference 101 error in the EIN application process?
• How do I cancel my EIN?
• Can I be denied from getting a tax ID?

How to Apply for an EIN/Tax ID Number

• How do I look up a tax ID for a business?

General Government Tax ID Information

• What does the IRS have to do with getting an EIN?

Do I Need a New EIN?

• Can I get an EIN for banking purposes only?
• Do you have to renew EIN numbers yearly?
• I changed my name, do I need a new EIN?
• Can you transfer an EIN to a new owner?
• If I have two businesses, do I need two separate EIN numbers?

EIN/Tax ID Numbers by Entity Type

• Do I need an EIN for a C-Corporation?
• Do I need an EIN for an S-Corp?

State Tax ID Numbers

• Do EINs differ between each state?

Different Names: EIN, Tax ID, FEIN

• Are there age restrictions for applying for an EIN tax ID?
• What is the difference between an EIN and an FEIN?

• What is an LLC?
• What happens if I apply for the wrong LLC?
• What legal documents do I need to start an LLC?
• How do I separate personal assets from my LLC?
• How do I obtain a certificate of good standing to maintain my LLC?

• How many people are needed to form an LLC?
• Can I convert my existing business to an LLC?
• Do I need to register the LLC name with my state?
• What kind of business structure do investors prefer?
• Can my LLC have an unlimited lifespan?
• What does an LLC protect you from?

• Who can be a shareholder in a C-Corporation?

• What is a partnership?
• Are owners of a partnership personally liable for business debts?
• Is an Employer Identification Number (EIN) required if the husband and wife are the only persons working in the business?
• What happens if one partner wants to leave the partnership?

• Do we need separate tax ID numbers if our business is classified as a partnership?
• What are the tax changes for 2018?
• If I am starting a partnership, who do we put for responsible parties vs. nominees?

• What is commercial litigation?