Popular online legal service firm LegalZoom provides a variety of services, such as business incorporation. Getting an Employer Identification Number (EIN) from the IRS is one of the essential criteria for launching a business. A nine-digit number, known as an EIN, is used to uniquely identify your firm for taxation purposes. Many business owners use LegalZoom to quickly and easily get an EIN. But how long does it take LegalZoom to issue an EIN?
The answer is that obtaining an EIN from LegalZoom typically takes 4-6 weeks. This is so that LegalZoom doesn’t have to wait for the state to finish your business formation papers and issue a state tax ID number before preparing and submitting it to the state. After that is completed, LegalZoom can request your EIN from the IRS, which could take a few more weeks.
For a cost, LegalZoom does provide an expedited service, which can shorten the processing period to just 7–10 working days. If you need an EIN right away for tasks like opening a bank account or employing staff, this is an excellent alternative.
Moving on to the relevant inquiries, ZenBusiness is an additional online provider of legal services that provides services for business formation. Although they don’t currently have an app, their website is user-friendly on a smartphone or tablet and mobile-friendly.
ZenBusiness is a privately held business that was established by Ross Buhrdorf and Andrew Gazdecki. While Gazdecki is a software entrepreneur and the founder of Bizness Apps, Buhrdorf is a serial entrepreneur and former CTO of HomeAway.
There is no one-size-fits-all solution when determining where to form an LLC. The state’s tax and regulatory environment, business costs, the accessibility of trained labor, and the local market for your good or service are just a few of the variables that will determine where is the ideal area for you to form an LLC.
Finally, your particular business needs and goals will determine whether you should create an LLC or a S Corp. Both legal forms provide protection from liability for business owners, although a S Corp may be more advantageous tax-wise for companies with big earnings. To find the optimal structure for your company, it is best to speak with a legal or tax expert.