Limited Liability Company (LLC)
A Limited Liability Company or LLC, is a business structure allowed by state statute. An LLC be single member or have multiple members. By default, a single member LLC is taxed as a disregarded entity, and a multi-member LLC is taxed as a partnership.
Sole Proprietor
A sole proprietor is a one-person operation where you perform the duties of owner, manager, and employee and are entitled to profits after tax has been paid but liable for all losses. This Includes household employers.
Partnership
A Partnership is two or more people in business together for profit. Like a sole proprietorship, a partnerships has unlimited personal liability for the actions of the business. Includes joint ventures.
Corporation
A corporation (also referred to as a C corporation) is an independent legal entity owned by shareholders.
A personal service corporation provides services in the fields of health, law, engineering, architecture, accounting, actuarial science, performing arts, or consulting.
S-Corporation
S-corporations are ordinary business corporations that elect to be treated as a pass-through entity, similar to a partnership or sole proprietorship, and pass corporate income, losses, deductions, and credit through to their shareholders..
Please note, you must file form 2553 to elect s-corporation status after your EIN has been assigned.
Church Controlled Organization
A church-controlled organization is a branch of a church and can include a men's/women's group, religious school, mission society, or youth group.
Estate
An estate is a legal entity created as a result of a person's death to manage the distribution of assets.
Trusts
A trust is a legal entity that holds assets, and is created under state law. This includes all types of trusts including conservatorships, custodianships, guardianships, irrevocable trusts, revocable trusts, and receiverships.
Other Non-Profit
These organizations generally need an EIN for banking purposes and are generally not engaged in for profit activities. This includes social clubs, sports leagues or teams, and/or special interest groups.
View IRS Application Options
Click to view the official IRS Application Options.