Employer Identification Numbers for Wyoming Companies
Congratulations! You have incorporated. Now you need an EIN (Employer ID Number, Federal Tax ID, Tax Payer Identification, etc.) for your business. These are necessary to open bank accounts and engage in other taxable activities, e.g. having employees. If you Google “Wyoming EIN” you will find many services offering “Wyoming EINs” for your business. However, EINs come from the IRS, so they are issued at the federal level and are the same across states. Obtaining an EIN is quick, easy, and free.
- Go to the IRS Website
- Click “Apply for an Employer ID Number.” beneath the Tools Menu.
- Click Apply Online
- If you already have a Social Security Number, Individual Taxpayer Identification Number or another Employer ID, you’ll qualify. Click “Apply Online Now”.
- Begin Application.
- The next page contains more rules and restrictions. Click“Begin Application.”
- Click on the type of entity you’re applying for and press continue.
- The following page confirms the entity you chose. Press “Continue.”
- Now, depending upon which entity you’re applying for, you’ll be asked about how many owners there are, and your business’s physical address. Choose WY. Click “continue”
- Review your selections and click “Continue.”
- Next you’ll be asked to state why you’re applying for. Select the response that best fits your business.
- Select either individual or existing business depending on your situation. If you select “individual” you must have a SSN. If you select “business” it must have an EIN already.
- Insert your details and whether the responsible party is a third party designee or affiliated with the company.
- Insert information about the company.
- Again, insert the information required then click “Continue.”
- Again, select the appropriate answer and click “Continue.”
- Now you will be questioned about the nature of your business and its services.
- Now you will be asked how you want to obtain your new EIN. Selecting the online choice will avoid the wait. Click, “continue.”
- Finally, overview the information you have entered, make any needed corrections, and receive your Wyoming company’s EIN instantly! Woohoo!
Now you have a free EIN! Congrats! EINs are assigned geographically, and are necessary for many companies. You have just completed a crucial step to bettering your business. This number will prevent many issues with the IRS. You may now transact business as there is no Wyoming business license and your annual report will not be due for one year.
For Foreign Filers
Foreign filers must have an ITIN prior to applying online. If you are a foreign filer without an ITIN, you can still receive an EIN through filling out and mailing or faxing an SS-4. To run a legitimate business, foreigners will be required to pay income tax and file tax returns.