Understanding the many identification numbers you can require is crucial when beginning a firm. UBI and EIN are two prevalent examples. Employer Identification Number is known as EIN, whereas UBI stands for Unified Business Identifier. Despite the fact that both of these figures are vital to businesses, they have different uses.
A nine-digit number known as a UBI is given out by the state of Washington. It is used to identify a business in the state of Washington and is necessary for all companies doing business there. The UBI is utilized for licensing, business registration, and tax purposes. It is also used to monitor how well a company complies with local and state legislation.
An EIN, on the other hand, is a nine-digit number that the IRS issues. Similar to a person’s Social Security number, it is used to identify a business for tax purposes. Most firms that have workers or are taxed as corporations are required to get an EIN. Additionally, it is utilized to file tax returns, apply for business loans, and open business bank accounts.
FEIN stands for Federal Employer Identification Number, which is the same as EIN, and is the answer to the query of where to get your FEIN number. You can look up your EIN by consulting any past tax records, including your tax return or W-2 form. The IRS Business and Specialty Tax Line can be reached at 800-829-4933.
The Washington Secretary of State is available for business, but because of the COVID-19 outbreak, they are only providing a small number of in-person services. The majority of services are accessible online, and if you have any special questions, you can contact their office.
On the website of the Washington Secretary of State, you may perform a search on the name of the business to learn who the owner is in the state of Washington. This will reveal the registered agent and officers of the company. Additionally, you can look for business filings with the Revenue Department or the Licensing Department of Washington State.
Last but not least, a Certificate of Existence in the state of Washington is a record that attests to a company’s state registration and business license. It is occasionally necessary for commercial operations, such opening a bank account or requesting a loan. A Certificate of Existence can be obtained from the Washington Secretary of State’s office in person or online via their website.
UBI and EIN are two crucial corporate identification numbers, but they have different uses and are given out by separate organizations. Check past tax returns or get in touch with the IRS to find your EIN. You can access the website of the Washington Secretary of State to learn more about business owners and to request a Certificate of Existence.
Yes, in order to keep their LLC status, Washington State LLCs must submit an Annual Report to the Washington Secretary of State and pay a filing fee each year. If this is not done, the LLC may be administratively disbanded.