An EIN identifies the company; it is not bank approval
An EIN is a federal tax identifier used for various tax and banking purposes. The IRS issues it free of charge: our package pays for professional preparation and coordination, not the number itself. The application route depends on the applicant. Not having an SSN does not automatically prevent obtaining an EIN, although it may affect the available application method.
A bank needs a clear business story
Beyond formation documents, a bank may request ownership details, source of funds, a website, contracts, addresses and projected activity. We help assemble a consistent file explaining what the company does and how funds move. Information must reflect reality. A fashionable formation state or an existing EIN does not replace the bank’s review of the business and its owners.
An account you control
At handover, we review the account holder, online banking access, transaction authentication and authorised-user permissions. Fees, payment capabilities and product restrictions are discussed separately. The business account belongs to your company, not an unrelated entity. Passwords and authentication codes should remain with the owner and designated users, not in a shared conversation.
Does an EIN replace an SSN or ITIN?
No. An EIN identifies an organisation. SSNs and ITINs identify individuals for different purposes. Whether you need an individual identifier depends on your tax circumstances and the institution’s requirements.
Can you help an existing company open an account?
Yes, we review this as a separate engagement. Share the formation state, entity type, formation date, EIN status and a brief activity description. Scope and fees are proposed after reviewing the initial documents.