Does my business need an EIN?
Many businesses need an EIN for federal tax purposes, including businesses with employees, corporations, partnerships, and many multi-member LLCs. Even when an EIN is not federally required, it may be requested for activities such as opening a business bank account or applying for business credit. Swyft Filings offers EIN filing assistance for customers who want help obtaining one.
Swyft Filings' EIN service is intended to help customers prepare and submit the information needed for the EIN request. The EIN identifies the business for federal tax and administrative purposes; it does not replace the state formation filing, a business license, or nonprofit tax-exempt recognition. The business should keep its EIN confirmation with its permanent records because banks, payroll providers, tax professionals, and licensing agencies may request it.
Customers should keep the legal business name, entity type, formation details, address, and responsible-party information consistent when requesting an EIN. Changes to an existing business, such as an address or responsible-party update, do not always require a new EIN; the correct treatment depends on the type of change and applicable federal rules.