An Employer Identification Number (EIN) is a personal number assigned to your LLC or corporation. This number is the equivalent of the Social Security Number (SSN) and it is required to open a bank account, have employees and file a tax return if there is more than one member. It is also important for separating personal assets from the ones that are related to your business.
If you want to apply to get the EIN for your business and you don't want to have any trouble while filling the application form, here we list some of the most important tips and steps for you to apply online. Remember that this form should be completed in one sitting and it cannot be left for later once you have started. Another important thing is that after 15 minutes with no activity, the form will be closed and your progress will not be saved.
These steps ensure you have correctly completed the application process to your business which means that you are already in the way to get a bank account, hire new employees and start your business in Colorado. Find out more about forming a Colorado LLC, registered a Colorado business and our registered agent services.