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See pricing options View sample. Sole proprietors may use a federal tax ID to help keep their own Social Security numbers private. A business uses its federal tax ID much like a person uses a Social Security number. For instance, it can help protect against identity theft, and it's often a prerequisite for opening a business bank account. View More.

Do I Need a Tax ID Number for My Business?

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Register a Business in Virginia.

How to Get an IRS EIN Number for Free in Wyoming

VEC is responsible for collecting unemployment tax. You can start the registration process, save a draft, and come back later to complete your registration.

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  • Rather than using your Social Security Number, your EIN can be used to obtain business licenses and permits, apply for business credit cards, and set up business bank accounts. An EIN helps establish a separation between your business and your personal self—which can help provide some liability protection for your personal assets.

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    It also offers some privacy protection. If you work as a contractor, sharing your EIN rather than your SSN with everyone you do business with minimizes the risk of identity theft.

    The fewer people that see your SSN, the less open your identity is to being stolen. A way to protect your identity in this situation is to obtain an EIN for yourself as an individual, and use that rather than your personal SSN on your W-9s and income tax filing forms. Great question!

    Depending on your circumstances, you may have no choice but to obtain an Employer Identification Number for your business. Asking an online business document filing service, like CorpNet, to apply on your behalf will cost you a little something. But the peace of mind that it will be done correctly and on time can be well worth the nominal fee. By applying online, you can usually get an EIN within 24 hours.