Missouri is a rising star among the states in terms of the benefits it can offer to new business owners. Forbes Magazine ranked it #12 in the entire country for regulatory environment, and it ranks within the top 20 for business costs. Plus, Missouri also offers an excellent quality of life and attracts people for its lower-than-average cost of living. It also ranks third overall for its offerings in terms of incentives and its outreach in economic development.
Before you can get moving on your own business in Missouri, you’ll need a federal tax ID, which is also known as an EIN, or employer identification number. Even if your particular type of business isn’t required to have one, a federal tax ID provides several benefits over using your personal social security number for doing business.
Get Started in Just Three Simple Steps
At GovDocFiling, you’ll be guided through the process of applying for your new business EIN in an easy and streamlined step-by-step process. This eliminates the hassle and time you may have otherwise spent trying to read and understand mounds of complicated IRS instructions. You’ll have your new tax ID number in your email inbox the same day you apply.
The initial step in the process is to figure out which type of business entity is right for your particular venture. If you don’t already know which type applies, simply complete our easy online survey to help you determine which one is suited to you. Once you’ve determined that, you’re ready to begin filling out the actual application. It’s made efficient and simple through the online process. When you submit your application, GovDocFiling takes care of the rest.
The low cost of living in Missouri makes it an especially appealing place to start a business because it helps the proprietor keep the overhead low. Rent and real estate are cheaper so if you’re looking for a storefront or a location for a factory, you can find a good deal here. Since residing in Missouri is significantly less expensive than the national average, employees require lower wages. Gas prices are lower too, so shoppers can more easily get out and spend money in local businesses.
The benefits of a tax ID number vary depending on your business structure. For sole proprietorships, using an EIN keeps your business data and credit records separate from your personal identity and reduces the chances of identity theft. If you have completed the Missouri LLC filing process or created a corporation, you’re required by law to get a tax ID number since the business has its own legal existence apart from you.
Don’t Let the Process Intimidate You
Filling out paperwork, and especially government forms, is a less glamourous side of owning a small business. But when it involves the creation of your business, it’s worth making sure the task is done right. Getting your tax ID number is easier than you think, especially if you let GovDocFiling help. You can get it done quickly and easily when you follow the right steps.
Whether you’re establishing a sole proprietorship, or you need to know how to form an LLC in Missouri, you can find more information using the GovDocFiling system. Once that’s done, your next step is getting a tax ID number. When you’re ready to complete the application, you can do that completely online as well. We know how to get a tax id numberfor your Missouri business, and you’ll have what you need in no time.
Your online application is processed immediately, and you can expect to have your new federal tax ID in hand within one hour. If you have any problems or questions during the process, simply contact our dedicated 24/7 customer support service. Don’t wait any longer, get started here.