Wednesday, July 27, 2016

EIN Info for Small Businesses

Global Resources is a “full-service” consulting company — meaning that we maintain the expertise and diversification necessary to address all aspects of our client’s business. This requires us to maintain a staff of highly “specialized” professionals across a diverse mix of industries and disciplines. 

We are proud to say, that in the history of Global Resources LLC, there has never been an issue raised during the course of a client engagement where there wasn’t a consultant on staff that didn’t have prior experience in dealing with that issue.

One of the key responsibilities for many new businesses or businesses that are restructuring is obtaining an Employer Identification Number, or EIN, from the IRS.  When you partner with us, our experts will help through every step of the way –including obtaining an EIN.

Below are a list of common questions new business owners often have about EIN’s:

What is an EIN? An EIN is a unique nine-digit number that identifies your business for tax purposes. It’s similar to a Social Security number but is meant for business related items only.

What do you need an EIN for? A business owner needs an EIN to open a business bank account, apply for business licenses and file tax returns. 

What type of business needs an EIN? An EIN is needed by any business that retains employees. However, non-employers are also required to obtain one if they operate as a corporation or partnership.

How do I apply for an EIN? The simplest way to apply for your EIN is online via the IRS EIN Assistant. As soon as your application is complete and validated, you’ll be issued an EIN. There is no charge for this service.


To learn more and / or to schedule your complimentary appointment with the business experts at Global Resources LLC, call us at 855-338-0266. 

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