Business Startup AdvisorsPractical Advice You Can Understand |
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SS-4 Application for Employer Identification Number (EIN): Use this form to obtain an Employer ID number from the IRS. Apply for a federal ID number on-line or open a printable version of the form here. Sole proprietors should apply for the number before they hire employees. If a sole proprietor never hires employees, the proprietorship is not required to obtain an EIN. All other entity types must obtain an EIN to use on the entitys
tax return, W-2s, 1099s, etc
. The SS-4 should be filed as soon as
the entity has been formed. First, complete and sign the form. Then, you
can mail it to the IRS or call a toll free number and have your EIN assigned
over the phone. W-4 Employee's Withholding Allowance Certificate: Use form W-4
to obtain the name, address, social security number, marital status, and
number of dependents for each employee from which you must withhold payroll
taxes. You should copy this form and use it every time you hire a new
employee.
Form 2553 Election by a Small Business Corporation: Use Form 2553 to elect S-status for your corporation within two months and fifteen days of incorporating or within two months and fifteen days of each new year. The form must be signed by each shareholder (and spouse if in a community property state).
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