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Whats the cost of a second EIN?

Discussion in 'Business & Tax Advice' started by BlackxHat, Oct 9, 2009.

  1. BlackxHat

    BlackxHat Power Member

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    I got first one for free few months ago. Possible to get a second for free too? Its not for a legit business i'm doing. Its just for signing up to the same affili/company with a different EIN
     
  2. CraigNewmark

    CraigNewmark Registered Member

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    Employer Identification Number? It is dependent on your Secretary of State office. Usually like $50 and a yearly fee in the same range.
     
  3. angelas111

    angelas111 Jr. VIP Jr. VIP Premium Member

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    i don't believe you are allowed to get another one. but search my thanked posts and you will find a discussion about applying for an ein online. i could be wrong.
     
  4. clopper

    clopper Regular Member

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    EINs are free using form ss4 with the irs
     
  5. its2die4

    its2die4 Regular Member

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    as far as i know there is only one FEIN allowed per trade name (corporation/entity) if you find out anything different I for one would love to know about it!
     
  6. Justanother

    Justanother Newbie

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    I believe that is correct. My partner and I have multiple LLCs registered, and each one was about $50 if I remember correctly, and each has its own EIN.

    I don't think there is anything stopping a person from having ten or twenty LLCs, but they are going to be tied to a SS# (in the USA), so if you're making a profit, expect to pay taxes on that income, or have a REALLY good story to tell the IRS.
     
  7. iClick2Cash

    iClick2Cash Registered Member

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    Can you apply for EIN from the UK??
     
  8. drkenneth

    drkenneth Executive VIP

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    Don't have a story. Pay your taxes as legally as possible so you can simply tell them the truth. It is NOT worth it getting the IRS on your ass, ever--even if you're being legit it's a pain. It will make your life extremely difficult for the rest of eternity. If you're making good money then pay an accountant and/tax attorney to maximize your legal savings for your specific situation. A good accountant will save you far more than they cost.
     
  9. Justanother

    Justanother Newbie

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    There are legit LLC's that just don't make any money or pay salary. The IRS has bigger fish to fry than a $0 income LLC.

    Regarding the person who posted the DBA... we are looking into the DBA avenue to simplify our accounting (online quickbooks for each account), but does a DBA get a new EIN??

    If I were AAA LLC, does DBA BBB and CCC all use the same EIN, or are there three?

    Our accountant charged us $500 for this last time, so I want to get some more direct questions to ask.

    Thanks,
    JA
     
  10. nbsweb

    nbsweb Junior Member

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    Never Sign up for a DBA...
    Always get a Corp.
    Anyone who knows about business will tell you that.
     
  11. Viltedali

    Viltedali Regular Member

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    Why is that, and what if you're using a DBA for no other reason than to get another EIN (I guess you can get a new EIN for each DBA, as it states in an above post?) to use to create a new account with an affiliate network?

    A DBA would be a much cheaper option, correct?
     
  12. Thenewrich

    Thenewrich Newbie

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    You cant get a second EIN on the same business entity. HOWEVER, there are a few loopholes:

    1. The cost of an EIN is free. You can either fill out an ss-4 and mail it, or my favorite, get it instantly online from the IRS.

    2. If you plan on having a parent company over your current business, you can set up the new entity, get an EIN for it, and then have it 'merge' or acquire the smaller entity. Theoretically, this is how you can have 2 EINs on the same business. oftentimes, people stop using the older EIN altogether since the credit on it could be bad, etc. (I dont think that is the reason you want another)

    3. Just create a new business name and apply for another. I have 4 EIN numbers for different businesses. I couldve had a business idea, after researching realize the idea is not profitable so I left it and the EIN alone. As long as the IRS cant prove you are generating income on it (more than $600) You can simply leave it alone.

    PS. Little known fact: Did you know that every individual plane is its own business entity? So if Delta has 200 planes, they have 200 businesses under Delta. This is strictly for Asset protection. You can sue for an issue on 1 plane, but it wont bring the entite company asunder...That example alone should summarize my entire post written above.
     
    • Thanks Thanks x 2
  13. tallon

    tallon Newbie

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    I have a problem getting another business name.
    I got my dba so I could get an ein, like everyone else, but I had to stand before city hall and make up a story to convince them to let me have my own business name. This seemed ridiculous to me as no one else has mentioned this, but I did it anyway.

    Now I need another setup, how can I easily get a new business name without having to deal with my town's retarded rules? Can I just go to the next city and hope they are different or is there a way to do this online? I imagine not living in that area restrictions will apply.
     
  14. MadStacks

    MadStacks BANNED BANNED

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    Google rocketlawyer. I saw a service for incorporating a business name online and this should help defeat some of the stupidity.
     
  15. tallon

    tallon Newbie

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    Will check them out thanks
    is this anything like legalzoom which a lot of people consider a scam
     
  16. tallon

    tallon Newbie

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    well it's free for one week then it's $40 per month, not sure if I only need the one week to make an llc or not :S