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Every corporation must have an Employer Identification Number (EIN) to open a bank account in the USA and to file the necessary tax forms. This involves filing IRS Form SS-4. A corporate director or officer may file the form over the telephone, fax or mail by providing key financial information such as name, address and social security number. How is this relevant to privacy? If the client is concerned about personal liability due to industry risks, or involved in a high level of professional liability, the EIN becomes an important link in collections.

BUT...

The EIN is not part of public record. Furthermore, there's no public record of who filed for the EIN. Who files for the EIN is private between the IRS and you. It's not part of public record.

THEN WHY ARE SO MANY INCORPORATORS TALKING ABOUT A "PRIVATE" EIN?

They want to sell a service. And you obtain a false sense of security. You pay for an EIN service for convenience. This has nothing to do with privacy.

WHAT ABOUT AN AGED EIN FOR CORPORATE CREDIT?

EIN's are randomized numbers. They are not delineated by aged. We called DNB and the IRS. The age of the EIN is not determined by the number because it's a randomized number.

WHEN DOES A CORPORATION NEED TO APPLY FOR A NEW EIN?

The corporation may apply for a new EIN when there are new owners.

WHAT ABOUT AN LLC? IS THERE ANY VALUE TO GET A PRIVATE EIN?

An LLC taxed as a partnership is associated to your SSN anyway, if you're a member. So, there's NO benefit in having someone do it for you. There's no real privacy because the LLC will be associated with your social security number anyway with the K1 filing.

We sell aged companies to enhance your business plan. It has nothing to do with privacy.