With the growth of businesses in the United States, it is important to understand the various regulations and requirements for owning a business. One such requirement is obtaining an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). This number is needed in order to legally carry out all financial, legal, and tax-related activities that a business is involved with. When setting up a business in New York, it is important to understand the laws and guidelines that govern the state. With that in mind, this article will provide an overview of the key steps and resources required for getting an EIN for a business located in New York.

What Is an EIN?

An EIN is a unique identifier assigned to businesses and organizations by the IRS. It is essentially a social security number for businesses and is used to report important financial information like employee wages, corporate taxes, and other business-related activities. This number also allows businesses to open a business bank account and serves as a way to establish organizational identity, credibility, and improve creditworthiness. Each organization must use a separate EIN for all business related transactions and filings.

Who Needs an EIN in New York?

Any business that forms a legal entity or incorporates, is required to have an EIN. Typically, this includes all corporations, partnerships, LLCs, sole proprietorships, and non-profit organizations. Additionally, employers who hire employees, open a business bank account, or are involved in a taxable activity must also obtain an EIN. Therefore, if your business plans to engage in any of these activities, you must get an EIN from the IRS.

How to Get an EIN in New York

In order to obtain an EIN in New York, you must first submit an application to the IRS. This can be done either online or by mail, although the online method is the easiest and most convenient way to get a number. When filing the application online, you will be asked to enter all of the necessary information about your business as well as the type of entity you are incorporating. To complete the online application for an EIN, you must agree to all of the terms and conditions of the service before you can submit. Additionally, you may be asked to provide supporting documents to verify the information you entered.

Once the application is completed, the EIN will be assigned and delivered immediately via email. This number is completely unique to your business and cannot be reused or shared. Additionally, it is important to note that only businesses located in the United States can receive an EIN, so foreign businesses must consult with a local advisor or attorney before applying.

State and Local Regulations

In addition to the federal guidelines and regulations set forth by the IRS, each state has its own laws and agencies that oversee business-related matters. Therefore, it is important to ensure that all requirements are met when setting up a business in New York. Furthermore, you may also be required to obtain additional permits from local authorities. Some of the most common permits that you must acquire include a sales and use tax permit, a certificate of incorporation, and a business license. Failure to follow such guidelines can result in fines and penalties, so be sure to consult with an experienced lawyer to ensure compliance.

Working With an Experienced Lawyer

When setting up a business in the United States, it is important to understand all of the necessary steps and potential hurdles that you may face. This can be especially true for complex matters such as obtaining an EIN in New York or other local regulations. Working with an experienced lawyer who understands the local regulations can help to ensure that your business is compliant with all applicable laws and that you don’t face any unnecessary delays or penalties.

UpCounsel is an experienced legal service that connects small businesses with experienced lawyers who are knowledgeable on such matters. Our network of lawyers have the experience needed to advise on local regulations and provide the necessary guidance to ensure that your business is in full compliance with all applicable laws. Furthermore, our attorneys have an average of 14 years of experience in providing high quality, cost-effective legal services.


Getting an EIN in New York is an important step for any business owner. It is essential that you understand the local regulations and ensure that your business is compliant with all applicable laws. Working with an experienced lawyer can provide the necessary guidance and advice needed to ensure that all requirements are met. Additionally, UpCounsel is an experienced legal services that can provide high quality, cost-effective legal support for small businesses.



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