How to Start a Business in Unincorporated Riverside County
GET AN EMPLOYER IDENTIFICATION
NUMBER (EIN) What is an EIN?
If you will be an employer, you have obligations such as payroll taxes, wage withholding requirements, state disability insurance and unemployment insurance. Visit the State of California Employment Development Department to find out more information on the requirements as an employer.
Your Employer Identification Number (EIN) is your Federal Tax ID. It is like a personal social security number for your business. If you intend on having employees, you will need an EIN. An EIN is also used to pay federal taxes, open bank accounts, and apply for business licenses and permits. You will apply for an EIN with the Internal Revenue Service (IRS). NOTE: Sole Proprietorships are not required to obtain an EIN and may use their Social Security Number in lieu of.
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