South Carolina Tax ID (EIN) Number Application | How to Apply Online
Looking to obtain your Tax ID (EIN) Number in South Carolina? This short South Carolina Tax ID Application Guide will walk you through the basic steps you need to follow to apply for your Tax ID (EIN) Number in the state of South Carolina. Whether you own a Partnership, multi&endash;member LLC, Corporation, Non&endash;Profit, Trust or Estate, this guide will help you learn what you need to know to obtain your official IRS Tax ID Number within minutes.
Steps to Obtain your Tax ID (EIN) Number in South Carolina:
- Prepare Required Information
- Apply for a South Carolina Tax ID Online
- Apply for a South Carolina Tax ID by Phone, Mail or Fax
- Do I Need a State Tax ID Number for My Business?
- How to Get a State Tax ID Number for a Small Business
- How Do I Get a South Carolina State Tax ID Number?
Before you can apply for a federal tax ID or South Carolina state tax ID, you'll need to have several pieces of information handy. Applying for these numbers will register your business with the federal and South Carolina state governments, respectively, so you'll need to verify your identity, among other things.
- Full legal names of all members and partners.
- Home addresses of all members.
- Social security numbers (SSNs) of all members.
- A business name.
You aren't required to have a business plan, your partnership agreement, your articles of incorporation, or other forms of paperwork in place to get your tax ID numbers, but they can be helpful in ensuring your business comes with a strong start.
When you're ready to apply for a tax ID number, you'll have a few different options for how to get them. Most business owners want to get their company up and running as quickly as possible, so they can start making money, so they apply for these ID numbers online.
The online application process is simple and intuitive. You'll just need to answer a few questions about you, your partners, and your business, including the pieces of information listed above. When you're done with the questionnaire, your business will be registered almost instantly, and you'll get your federal tax ID and state tax ID numbers via email, you can even expedite.
There are other methods for getting a South Carolina tax ID, however. You could fill out an application by hand and mail it in, or send it in via fax. You could also call a representative and answer the important questions about your business in a phone interview. Any of these methods will let you get your business registered, but they tend to take much longer; after your application is received, it could take between 4 and 6 weeks to get your ID numbers, putting your business on serious delay.
Many new business owners are confused by the differences and similarities between federal tax ID numbers (also called employer identification numbers, or EINs), and state tax ID numbers. Both are unique numbers that register your business with their respective governments (federal and state).
You'll need a federal tax ID number if your business is going to hire employees, or if your business involves more than one person (such as if it's a partnership or corporation). You'll also need a federal tax ID if you're going to apply for bank accounts, business credit, or various business licenses and permits.
State tax ID numbers are very similar, but they operate on a state level. Each state has somewhat different requirements for their businesses, and may have slightly different formats and/or issuing methods for those state tax ID numbers. However, most are required if you're hiring employees in that state, if you're selling things that will be taxed at the state level, or if you're selling things associated with an excise tax.
In South Carolina, you'll need a state tax ID number if you're going to hire employees in the state, or if you plan on selling taxable goods and services in South Carolina. You may also need one if you're selling regulated products like tobacco, gasoline, or alcohol.
To get a South Carolina state tax ID number, the easiest method is to use our South Carolina state tax ID number obtainment services. When you proceed with this method, you'll need to answer a handful of questions about you and your business online. When you're done with the questionnaire, we'll take care of registering your business for you; and we'll email you your state tax ID number so you can spend your time running your business.
When you're ready to start your South Carolina business, one of your first necessary steps will be getting a federal tax ID and South Carolina state tax ID number (with very few exceptions). Fortunately, as long as you're using our online federal tax ID and South Carolina state tax ID number obtainment services, the process is short and easy. You can take care of your online registration in less than a day, and sometimes in less than an hour, then start using your ID numbers to apply for loans, open accounts, or apply for licenses and permits.
Speaking of licenses and permits, you may need these formal documents before you begin operations in South Carolina or in your specific city. Because these laws vary significantly from city to city, it's best to check in with your local Chamber of Commerce to see what's required in your area.
Millions of people in South Carolina dream of owning their own business, but you'll need a few things in place- including, for many businesses, a federal tax ID number and South Carolina state tax ID number- to do it.
South Carolina is home to more than 384,000 small businesses, which collectively employ more than 743,000 people. With a number of both major metropolitan areas and smaller, rural cities, South Carolina has many independent havens for economic development. Starting a business in South Carolina is also appealing because it has a relatively low 5 percent corporate income tax rate, and LLCs aren't required to file an annual report. So why wait? You should get legal right away, and file your tax ids as soon as possible.