Get your EIN (tax ID number)

Stage 1: Lay the foundation. Step 2 of 24 in the new LLC launch playbook. An Employer Identification Number is like a Social Security number for your business. You need it to open a bank account, hire people and file taxes. Key points: - Apply online at IRS.gov. You get the number as soon as the application is approved. - The online tool is open weekdays 6 a.m. to 1 a.m. Eastern, with shorter weekend hours. - Download and save the confirmation letter (CP 575). Banks often ask for it. Cost: Free. Where: IRS.gov.

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