Doing business as a sole proprietor in New York State requires a valid EIN or Employer Identification Number. Obtaining this number is the first step towards starting a business, and the process can seem daunting to first time entrepreneurs. Thankfully, with the help of local experts, the process is simpler than you think. In this article, you will learn how to get started with an EIN in the state of New York.

At the most basic level, an EIN is a nine-digit number issued by the Internal Revenue Service (IRS). It is used to identify a business entity, for federal and state tax purposes, and for other financial transactions. All entities and organizations including sole proprietorships, LLCs, corporations, and tax-exempt organizations must obtain an EIN to do business in the United States.

It is important to note that in the state of New York, and in many other states, businesses are legally required to register for an EIN before starting operations. An EIN is what allows the IRS to distinguish between each business, gather documents, and audit them if necessary. It is also used to register as a state and federal taxpayer, file taxes, and to apply for a business checking or savings account.

The best way to apply for an EIN is to contact an experienced business attorney in the state of New York. These attorneys understand local regulations and have a wealth of experience helping new business owners like yourself. They can advise you on the best strategies for filing and ensure that your application is approved without any issues.

In order to apply for an EIN in New York, you must first download and complete IRS Form SS-4. This form is used to apply for an EIN and can be found on the IRS website. You must provide your business information, the country in which the business is located, and the type of legal entity your business is registered as. This form also asks for the Social Security numbers of current owners, partners, officers, and directors, as well as the expected business activities and the expected number of employees.

Once you have completed and submitted your Form SS-4, the IRS will review the information you provided to verify that it is accurate and eligible. Upon validation, the IRS will assign your business entity an EIN. The IRS typically responds to inquiries within one business day, so you should receive a response relatively quickly.

Getting an EIN in New York is a complex task and, as such, it is always a good idea to enlist the help of a business attorney. With the help of an experienced legal professional, you can ensure that your application is approved and that all legal formalities related to it are taken care of.

At UpCounsel, our network of business lawyers can provide you with comprehensive legal support and help you obtain an EIN in New York. Our legal services are designed to help you save money, gain peace of mind, and increase the likelihood of success for your business.



New York,

Business Attorney