Yeah, you have to have an EIN for lots of reasons and your bank will definitely expect one.  And if you don't have an EIN, then you're forced to use your SSN instead (not good).

AFIK, all employers need an EIN. besides, what would you do if you business expanded and you wanted to hire staff? Best to prepare for your future success now!

Start here - the IRS website regarding EINs - http://www.irs.gov/businesses/small/article/0,,id=98350,00.html Even if you two are the only employees - the IRS may treat you differently then how you should be treated. Read the information from the above link - then actually call the IRS and set an appointment to talk to them in person.

You may also need and EIN for your state.  I know I needed to get an EIN for my Minnesota based LLC, which is taxed as an S-Corp.   You should also note, that depending on your entity's tax status, you may be required to pay yourselves some W2-type of wages during the course of the year.  That will result in employment taxes and unemployment insurance, etc.   Check with your advisor.  Good Luck.

I just called the IRS , as some wholesale companies require a EIN to do business with. I was amazed at how simple it was, alot of people complain about how hard it is to get ahold of anyone at the IRS , yet I had someone on the phone, and everything I needed in under 15 minutes. Brandon S 1337 Ventures HotNewHipHop

Your bank may also require you to have an EIN to open a business bank account.

You can also apply for an EIN online if you dont want to call. http://www.irs.gov/businesses/small/article/0,,id=102767,00.html

The answer to this question can vary from State to State. You should seek the advice of a business attorney. You can usually find one who will set your company up for $500 to $1,000 and it is money well spent. The attorney will suggest the best type of organization for your State laws: partnership, LLC, S-Corp, C-Corp, etc. Having the proper organization on the front end could save you more tax savings than the attorney fees the first year alone. A good CPA could be a good source of cheaper advice on how to best organize, but can't do it for you. chiropractormaitland.com ---This post was edited to remove a commercial link. Read our discussion policies for more Community best practices.

Curioushawaii, Good question! Non-employers will need an EIN if their businesses operates as a corporation or partnership. If you aren't sure if your business needs an EIN, use this handy checklist from the IRS. Answering yes to any of the questions in the list means that you will need to acquire an EIN for your business. To learn more about EINs, read these Business.gov resources How to find (or get) an EIN Federal & State Tax Identification Numbers