The process to obtain a Tax ID (EIN) Number for a pizza shop is similar to how to get a Tax ID for any type of restaurant. Whether you are running a pizza shop, a bar, or a larger corporation, you need a federal employer identification number. Just what are the exact steps which need taking in order to get the number though? Before you make your first batch of dough, roll it out in the shape of a pizza, or throw anything in the oven, make sure you are ready and in full compliance with Internal Revenue Service needs. Get your Tax ID (EIN) Number for a pizza shop as soon as you start the business!
Steps to Applying for a Pizza Shop Tax ID (EIN) Number
- Prepare Owner Information
- Apply for a Tax ID (EIN) Number for a Pizza Shop Online
- Apply for a Tax ID (EIN) Number for a Pizza Shop via Mail or Fax
- Why Do I Need a Tax ID (EIN) Number for a Pizza Shop?
- How Do I Get a Tax ID (EIN) Number for a Pizza Shop?
- How Long Does it Take to Get a Tax ID (EIN) Number for a Pizza Shop?
1. Prepare Owner Information
In order to obtain an employer identification number, you need to get the owner information together. To apply for an EIN, you need first and foremost to have the name of your responsible party. The responsible party will include owner information about the business. The person you name in this role on the application is the individual who owns or controls the entity. This individual has the ability to put forth ultimate control over the entity’s assets. The responsible party has to be an individual, not an entity. The only exception to this rule is for a government entity.
On top of the owner information, you need to get a good handle on the other pertinent information on the business. This includes the primary residence of the business, where you do the majority of your operations. The principal location will likely be your pizza shop itself. You may have a headquarters if you intend to have multiple pizza shop locations or one home restaurant. You want to detail all this information before you apply for anything with the Internal Revenue Service.
2. Apply for a Tax ID (EIN) Number for a Pizza Shop Online
The easiest way to apply for a Tax ID (EIN) Number for a pizza shop is to do so via the online application process. The Internal Revenue Service took the online application form and made it completely virtual. With the virtual online form, you can go through it by answering all the questions it asks.
The information you need to apply for the Tax ID (EIN) Number online is going to include everything from the responsible party to the address of the business. You will also need details on the industry of the business and so on, which in this case is the pizza shop itself. The great thing about the online application is you can do it on a laptop, desktop, or any other device, go through the submission and get a validation back in no time at all.
3. Apply for a Tax ID (EIN) Number for a Pizza Shop via Mail or Fax
You have other options when it comes to applying for a Tax ID (EIN) Number for your pizza shop. You can apply via mail or fax. The mail form will have you printing out the application form and then filing it out. Once you do the full fill out of the form you will then be putting it in the mail and sending it off to the IRS. The IRS will receive the form, perform validation, and then mail you back the EIN you requested.
The fax form is similar in that you print out and fill out the full form. You then send it to the IRS via their fax line. They will receive the form and take a few days to do the validation. Once they do their validation, you will get a fax return from the IRS with the unique nine-digit Tax ID (EIN) Number they assign.
4. Why Do I Need a Tax ID (EIN) Number for a Pizza Shop?
You need a Tax ID (EIN) Number for a pizza shop for a variety of reasons. The IRS needs to identify your business. When you make a profit or pay any employees, you need the number to do all of your tax reporting. If you open up a bank account, the EIN allows the IRS to identify any of the liquid assets in the bank account and what activity is flowing in and out. It is all about identifying everything your business is doing and having it all in unification under one nine-digit number.
5. How Do I Get a Tax ID (EIN) Number for a Pizza Shop?
You can get a Tax ID (EIN) Number for the pizza shop in a number of ways. The methods in which you can use to obtain the number include the mail and fax methods. You can also apply over the phone. The easiest way to apply is online.
6. How Long Does it Take to Get a Tax ID (EIN) Number for a Pizza Shop?
The quickest way to get your Tax ID (EIN) Number is to apply online. With the online application process, you will end up with your EIN in a matter of minutes after you hit submit. If you apply via the mail, you can expect it to take about two weeks. The fax method will take a week or so while applying over the phone takes less than one day.
The process to get a Tax ID (EIN) Number for a pizza shop is made easy with the options the Internal Revenue Service provides. You have a slew of choices in terms of going about the application, as you can apply online, over the phone, via mail, or even fax. No matter the path you choose, the end result will be you have the employer identification number in hand. While this is great, you also want it in a speedy fashion so you can go about conducting your business properly and in compliance with the Internal Revenue Service. Due to this, look out for the online application portal first to get that pizza in the oven faster.