Getting an EIN in Chicago: A Comprehensive Guide
As a small business owner, there are a variety of steps you must take to properly set up and launch your business2 min read
As a small business owner, there are a variety of steps you must take to properly set up and launch your business. The process can vary depending on your individual situation, and it can be especially daunting if you don’t have access to quality legal advice. Here, we’re going to cover everything you need to know about getting an EIN (Employer Identification Number) in Chicago, the process for obtaining one, and how to tap into the legal resource of UpCounsel.
Overview of an EIN in Chicago
An Employer Identification Number (EIN) is a unique federal tax identification number assigned to a business by the IRS. Your EIN provides a crucial link to your business’s financial records and forms an important foundation for any number of business activities. Depending on your situation, it might be required to obtain a business loan, open a business bank account, apply for business licenses, and more.
Where Can I Get an EIN in Chicago?
In Chicago, the government's official website with information on obtaining an EIN is the Internal Revenue Service's “Taxpayer Identification Number (TIN)” page. The application for an EIN is easy to find and complete; however, the process may be more confusing than you initially expect. This is why many business owners turn to experienced business lawyers who understand the regulations and compliance that come with applying for an EIN in Chicago specifically.
After obtaining the form, you'll need to offer certain identifying information such as your name, address, Social Security number, and contact information. This is to ensure your business or organization is properly registered and accounted for in the government database.
How an UpCounsel Attorney Can Help You Get an EIN in Chicago
If you’re a business owner in Chicago and need help obtaining an EIN for the purpose of filing tax returns or for obtaining a new business loan, UpCounsel can help. UpCounsel provides access to knowledgeable and experienced business lawyers who have a deep understanding of the local environment.
When you partner with UpCounsel, you no longer have to search through countless websites and legal documents without a clear understanding of the rules or regulations. We’ll handle the paperwork for you, removing any difficulty in obtaining an EIN. Our lawyers will also act as a reliable source of information on all steps of the EIN process, ensuring the hassle and burden of paperwork is taken away.
UpCounsel is the perfect partner to help you understand the local laws and get you the guidance you need to get your business off the ground with confidence.