Do I get an EIN for the natural law trust? How long would it take to get that #?

| 0
[The EIN is for those who wish to open a bank account for the trust in the United States of America. It stands for Employer Identification Number, and even if you have no employees, the trust still needs to get the number from the IRS, for banking purposes only.] For those living or banking in other countries, each country may have its own national business entity identification number that may need to be acquired to open a bank account in that country.

You only need the EIN, or equivalent number in whatever country you are in, if you are going to open a bank account for the trust. The EIN is “for banking purposes only” — not for filing tax returns. The EIN is required by the banks in the USA for opening accounts, as an identifier number only.

The EIN is very simple, easy, and quick to get, and it is free. It is done online on the IRS website and the trust writer can show you how to do it. It takes 15-20 minutes. Once the form is filled out, it just takes a few minutes or seconds for the system to generate it.

Comment on this FAQ

This site uses Akismet to reduce spam. Learn how your comment data is processed.