01.
Allows you to establish payroll and pay employment taxes
What is an S Corp?
An S corporation, also known as an S Subchapter, refers to any type of corporation that has 100 shareholders or less and is taxed like a partnership. An S corp business entity is allowed to pass income, losses, deductions, and credits directly to shareholders, helping them avoid double taxation. The shareholders then report their income and losses on each individual tax return.
Why Do You Need an S Corp EIN?
Unlike other business structures, an S corp isn’t legally required to have an S corp tax ID. However, there are several reasons why you should apply for an EIN for S corp, including:
- You plan on hiring an employee
- You want to open a business bank account and establish credit
- You wish to apply for a local or regional license
Benefits of an EIN for an S Corp
An employer identification number allows your business entity to perform various essential business functions and is essential for federal tax purposes. Benefits include:
02.
Prevents identity theft by using the S corp EIN number instead of a social security number (SSN)
03.
Makes it possible to continue operating even after losing S corp status
01.
Allows you to establish payroll and pay employment taxes
02.
Prevents identity theft by using the S corp EIN number instead of a social security number (SSN)
03.
Makes it possible to continue operating even after losing S corp status
Why GOV+
GOV+ specializes in helping businesses obtain their S corp tax ID number using one-of-a-kind, patented technology. There is no need to go through the long hassle of getting your EIN number. We’re the resource you can use to streamline the process. Using our smart, cloud-based platform, simply fill out the single submission form, and we’ll handle it from there.
Ultra-quick customer service
Get fast, accurate answers to all of your questions at every step. With average 30 second hold times and efficient conversations, you’ll be on your way in no time.
Real-time status updates
No more waiting and wondering about your form’s status. GOV+ offers instant updates and customizable alerts, from the moment of filing to final outcome.
Tailored Transactions
GOV+ technology eliminates needless busywork with forms and applications that adapt to you. Your situation is unique, and you deserve a simple, personalized experience.
Ultra-quick customer service
Get fast, accurate answers to all of your questions at every step. With average 30 second hold times and efficient conversations, you’ll be on your way in no time.
Real-time status updates
No more waiting and wondering about your form’s status. GOV+ offers instant updates and customizable alerts, from the moment of filing to final outcome.
Tailored Transactions
GOV+ technology eliminates needless busywork with forms and applications that adapt to you. Your situation is unique, and you deserve a simple, personalized experience.
Employer ID Number Made Easy