Official IRIS Acceptance Agent
Easy & Simple Online Process
Procedure Time: 24 to 48 Hours
Cost: $29
Secure the 9-digit employer ID number (EIN), also called a Tax ID Number, from the IRS so you can open a bank account, hire employees, and further protect your personal assets.
An Employer Identification Number (EIN), also called a Tax ID Number, is a 9-digit code assigned by the IRS to identify your business. You can think of it as the Social Security number for your company. An EIN is often required for a partnership, corporation, or LLC to open a business bank account, gain financing, hire employees, and more.
Without an EIN, it’s more difficult to keep your business and personal funds separate, which could open you up to increased liability and put your personal assets at greater risk. It’s highly encouraged that you obtain a federal EIN number and open a separate business bank account so you can keep your business and personal transactions separate.
An EIN can help substantiate that you and your business are separate entities, which helps preserve limited liability should your company ever be sued.
Reduces the Potential for Identity Theft
An EIN prevents you from having to give your Social Security number to suppliers or lenders, which significantly reduces your identity theft risk.