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The EIN (Employer Identification Number) is the "Social Security" equivalent for your company. It is a unique 9-digit number assigned by the IRS (US Tax Authority) to identify your business for tax purposes.
Without this number, your registered company (LLC or Corp) is just a legal paper with no operational capacity. You will not be able to open a bank account, use Stripe, or hire employees without an EIN.
The IRS allows obtaining the EIN online in 5 minutes ONLY if you have an American Social Security Number (SSN).
If you are a foreigner without an SSN, the online system will block you. You must perform a complex manual process via Fax or Certified Mail that requires specific forms (SS-4) filled out perfectly. That's where FormulaBiz comes in.
#1 Requirement from banks like Mercury, Relay, Chase, or Bank of America to open your Business account.
Essential to activate Stripe, PayPal Business, or Amazon Seller Central without excessive withholding.
Allows you to have employees on payroll legally and report their taxes.
Start building your company's corporate credit separate from your personal history.
We act as "Third Party Designee" to manage this for you.
We draft the official IRS form ensuring your business classification is correct to avoid penalties.
We send the application through our direct channels for international applicants (Priority Fax or certified mail).
We receive the official confirmation letter from the IRS and upload it to your digital dashboard immediately.