How to Get Your EIN Number in Chicago?
Every business needs an Employer Identification Number (EIN) to have a unique identifier for a business2 min read
Every business needs an Employer Identification Number (EIN) to have a unique identifier for a business. An EIN is like a Social Security Number for your business. It is assigned to the business by the Internal Revenue Service (IRS) and it is necessary when applying for business bank accounts, business loans, incorporating a business, etc. The process of getting an EIN varies from state to state, so it is important to research and understand the process for your business’s specific state. This article will provide you with a step-by-step process on how to get an EIN if you are based in Chicago, Illinois.
The first step in obtaining your EIN is applying for it with the IRS. To do this, you must file Form SS-4, Application for Employer Identification Number, with the IRS. This form can be found on the IRS website or you can contact your local IRS office for assistance. Once you have submitted the form, the IRS will provide you with your EIN.
The next step in obtaining your EIN is to register your business with the Illinois Secretary of State. To do this, you must fill out and submit a Business Registration Form. Once you have submitted the form, the Secretary of State will provide you with an official business registration number, which you must use on your EIN application.
The third step is to obtain a State Business Identification Number (SBI). The SBI is required to be registered with the Illinois Department of Revenue. To obtain the SBI, you must fill out and submit a Registration for State Business Identification Number Form with the Department of Revenue. Once you have submitted the form, the Department of Revenue will provide you with an SBI number. The SBI number must be included on your EIN application.
The fourth step is to obtain a City/Town Business License. Depending on your business’s location, you may be required to obtain a business license from the city or town where your business is located. For businesses located in Chicago, you must obtain a City of Chicago Business License. The process for obtaining a city license vary from city to city, so it is important to research the specific requirements for your city’s business license.
After you have obtained all of the necessary documents, the fifth step is to submit your application for an EIN. This can be done online or by visiting the local IRS office. Once your application is approved, the IRS will provide you with your EIN.
Getting an EIN is easy and straightforward when you understand the process and follow the necessary steps. It is important to note that the process may vary depending on your state and city, so it is important to do your research and contact the relevant government agencies for more information.