New Businesses

An EIN (Employer Identification Number) is a nine-digit number issued by the IRS used to identify businesses and certain other entities. It is also called a Federal Tax ID.

It is commonly used for taxing and banking purposes and to register your business with the federal government.

You will need an EIN Tax ID in order to hire employees, open a business bank account, file taxes, and apply for business loans and/or lines of credit.

All businesses are required to have an EIN Tax ID.

It certifies that your Indiana business is in existence, is authorized to transact business in the state, and complies with all state requirements.

It may be required for loans, to renew business licenses, to open your business bank account, or for tax or other business purposes.

It shows the official evidence of an entity’s existence and provides a statement of an entity’s status, legal name, and legal formation.

It bears the official seal of the Indiana Secretary of State.

Federal Law 29 USC Sec. 666 (I) & 29 Sec. 2005 states that an an up-to-date compliant Labor Law Poster must be posted in a visible location on the property of business which has at least 1 employee.

Penalties and risks of non-compliance with posting regulations can lead to potential fines in excess of $7,000 per instance for failure to post federally required information, and could possibly even lead to lawsuits.​