Getting an EIN number (also known as an Employer Identification Number) is an important and necessary step for any business that's located in Chicago. This number is used by the Internal Revenue Service (IRS) to identify each business and its respective filing requirements. But what exactly is an EIN number, who needs it, and how can one go about obtaining one in the Windy City? Here, we will explore the answers to those inquiries so that Chicago-based business owners can be informed and vigilant in their legal and tax matters.

What is an EIN Number and Who Needs It?

An EIN (Employer Identification Number) is a nine-digit number that the IRS assigns to a business. It is intended to uniquely identify businesses for legal and taxation purposes. Therefore, any business that is located in Chicago and has two or more employees, or any business that files wages, must obtain an EIN number. It is important to note that an EIN number does not replace or serve the same purpose as the Social Security Number of the business's owner.

How to Obtain an EIN Number in Chicago

The process of obtaining an EIN number in Chicago is quite simple. To start, one should apply for the number through the IRS website. Once the application is completed, the EIN will be be provided instantaneously.

However, as with most legal paperwork, often times there can be complications, which may arise following the application process. To avoid any issues, the assistance of a legal professional or organization may be necessary.

If that is the case, it is important to ascertain that legal counsel is indeed necessary before proceeding. A legal organization that is knowledgeable about local regulations may be required so that the entire process of obtaining the EIN number can be completed quickly and adequately.

Fortunately, UpCounsel is an online platform that can provide legal support in the form of high quality attorneys, whether for one-time consults or for a full-time freelance legal department. Business attorneys with an average of 14 years of experience who are members of the attorney community provide cost-effective legal service. Profiles of the online attorneys display their ratings and reviews from their clients for reference.

Obtaining an EIN number in Chicago is rather straightforward with the help of a legal organization that is knowledgeable about the necessary local regulations. UpCounsel is an online platform that provides experienced attorneys who are readily available to assist business owners with the acquisition of their EIN number.

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ein number,

Chicago,

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