An EIN is often required to open a bank account, which helps you properly pay and keep track of your business expenses.A business federal tax ID or EIN works like a Social Security Number for your business.You could technically do it yourself, but there are disadvantages such as your private address being public for lawsuits You are required to name a registered agent for your business.A registered agent is a person or entity (third party) who will receive legal and other documents on behalf of your business.This article will break down what a registered agent and EIN are, why you need them, and some important tips to find the easiest way to get these things started for your business. If you’ve been researching how to form an LLC for your business, you’ve probably come across the words “Registered Agent” or “EIN/federal tax ID”. When growing your products and services is top of mind, sometimes the legal requirements fall through the cracks. Forming your LLC is a big step to becoming an official business, but there are some requirements for registering your business that you may not be aware of.

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