EIN for Wyoming Foreign LLC – How to Obtain EIN For Foreign Entity

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To obtain EIN for Wyoming foreign LLC one has to follow a few steps. Limited Liability Companies are easier to form than other structures of business. However, it is a bit tricky for the LLCs to form a foreign LLC in any of the states. There can be some restrictions for the Foreign LLCs to form a Wyoming LLC. Take a look at this article to know about how to obtain EIN for your foreign LLC. It will answer all your questions related to EIN, including the procedure for a foreign entity to obtain EIN, the filing cost, etc. 

What is a Foreign Limited Liability Company?

An LLC is always formed in accordance with the state rules. The state where the LLC is formed is often referred to as the main state for the LLC. It is where the LLC has its main operational center. When the LLC business members are trying to expand the LLC  & wish to form it in some other states as well, the LLC is a foreign entity in the new state. The LLC is formed in the new state will be referred to as “Foreign Entity” or  “Foreign Corporation” or “Foreign LLC.” Forming the Wyoming Foreign LLC is easier & involves obtaining an EIN.

What is an EIN (Employer Identification Number)?

An EIN or Employer Identification Number works as a Social Security Number for your business. An EIN is a unique 9 digit identification code issued to businesses, by the Internal Revenue Service (IRS) of the U.S.S., for tax filing & reporting purposes.

Are EIN, FTIN & FEIN the same?

An Employer Identification Number (EIN) is also called a Federal Employer Identification Number (FEIN) or a Federal Tax Identification Number (FTIN). So, there is no difference between these three.

Why Does a Business Need EIN?

An LLC will require EIN for the following reasons:

  1. To file Tax returns – EIN makes it easy to file the tax returns with the IRS. The IRS uses EIN to supervise all the business finances of the LLC. 
  2. To Hire Employees – To hire employees in the LLC, an Employer will need the EIN. EIN lets the employers set the payrolls of the employee fo every month. IRS tracks the employee’s payroll taxes with the help of the EIN.
  3. To maintain the corporate veil – In an event where someone has sued the LLC or has filed a lawsuit against it, the EIN protects members’ assets. EIN is an essential part of the company’s corporate veil, which differentiates the business entity from its members.
  4. To protect the individual Identity of the member – The Limited Liability Company uses EON for all its taxation & finances. Nowhere in the financial process does an LLC use an individual’s Social Security Number; hence the Identity of individual members is kept safe.
  5. To open a business bank account – Without the EIN, an LLC can’t open a business account. It is essential to get an EIN even for the business credits & business licenses. 

When Does IRS Ask for EIN (Employer Identification Number)?

The taxation documents & reports are filed with the IRS, which requires an LLC about its EIN in the following circumstances.

  • An EIN is mandatory for an LLC with employees for tax filing & tax returns.
  • If the LLC is a multi-member business entity, EIN is required for drawing the partnership return files.
  • An EIN is also asked for excise tax filing.

EIN for a Foreign Entity or Foreign LLC

If someone is a foreign person or if the LLC is a foreign LLC, EIN allows them to start the LLC even without the Social Security Number. EIN allows the member of the foreign LLC to collect a payment, distribute the cash in the company & out of the company, hire employees & report or file taxes.

How to Obtain EIN for a Foreign LLC or a Foreign-Owned Corporation? 

Following is a step-by-step guide for obtaining an EIN for a Foreign LLC:

  1. Eligibility – Any person applying for the EIN must have a valid Taxpayer Identification Number, e.g., SSN or ITIN; only then can he apply for EIN.
  2. FORM SS-4 – If a foreign entity does not have a Tax Identification Number, it will have to fill-up the Form SS-4, an EIN application. This form is for foreign applicants who do not have a social security number or a physical address
  3. Filing the form with the required information – To be able to apply for the EIN, the following information has to be filled out correctly in the application form:  
    – Legal Name & Address of the Business
    –  The type of Business Entity
    – Reason for the application for an EIN- The name of the country where the business is incorporated
    – Number of employees
    – The industry in which the LLC does its business
    – Accounting Information
  4. Ways to apply for EIN Wyoming
    • Online – An EIN can be obtained by applying online on the IRS website.
    • By phone – A foreign entity or LLC can apply for  EIN by calling on 267-941-1099, which is NOT a toll-free number.
    • By Fax – An EIN can also be obtained by fax. The LLC willing to obtain the EIN can fax Form SS-4 to 304-707-9471
    • By Mail – A completed form can be mailed to the Internal Revenue Service (IRS), Attn: EIN Operation, Cincinnati, OH 45999.

Restriction In Business For Foreign Entities In Wyoming

According to Wyoming Law, foreign LLC must register their foreign corporation with Wyoming if they are transacting their business operations in Wyoming.

Transacting Business In Wyoming

After the incorporation of LLCs, the subject of taxation must be addressed. According to state rules, foreign LLCs must collect state sales taxes in their home state. To be liable to collect state sales tax on sales to its residents, a company must have a physical presence in—or a connection with—the state. For example, owning a physical store, an office, or a warehouse in Wyoming or hiring a sales representative shall constitute a physical presence of the business LLC in Wyoming.

Registering The Business

The foreign business LLC must file an Application for Certificate of Authority with the Wyoming Secretary of State to register a foreign LLC in Wyoming.

The Wyoming Secretary of State requires a certificate of good standing or Certificate of Existence from the home state to approve a foreign qualification application. The Certificate should be issued within 60 days of the registration application date. Also, a foreign entity must designate a registered agent in Wyoming on file who shall deal with all the official paperwork with the Secretary of State’s office.

Effect Of Non-Registration

Upon non-registration, the Wyoming foreign LLC shall be liable to the following penalties and consequences:

  • Such a foreign LLC shall not be permitted to bring an action or suit or maintain proceedings in the State’s Court of Law.
  • In addition, the LLC will be responsible for all fees and licensing taxes it should have paid if it had been registered, plus 18% interest on the amount and a $5,000 penalty, in addition to other civil penalties.
  • Nevertheless, the failure on the part of foreign LLC to register in this state does not influence the legitimacy of any contract or corporate acts of the corporation, nor does it prevent the corporation from defending their interests arising in any action, suit, or process brought in this state’s courts.

Wyoming Consumer Protection Act

The Consumer Protection Act protects consumers in Wyoming from unfair and misleading sales and business practices such as making false assertions about an item’s source, origin, or sponsorship; false representations, etc., which are considered as deceptive commercial activities and are illegal under Wyoming law.

The Consumer Protection Unit under the Wyoming Attorney General is in charge of implementing these laws on behalf of the state. Consumers who have suffered harm by unfair or deceptive commercial conduct have the option of filing an individual complaint or joining a class action case. The courts can award the successful litigants reasonable attorney’s fees.

How Fast Can You Obtain EIN for Foreign LLC in Wyoming

An EIN for foreign LLC in Wyoming can be obtained by immediately if applying online and by mail or fax it may take up to 1 week.

Creating a foreign LLC in Wyoming can offer many advantages to entrepreneurs, such as greater tax savings, privacy, and asset protection. Before a foreign LLC can take advantage of these benefits, however, it must obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). The process of obtaining an EIN can be complicated and time consuming, but if you are registered in the state of Wyoming, there is a way to get an EIN quickly, without having to wait for approval from the IRS.

In order to expedite the process of obtaining an EIN for your foreign LLC in Wyoming, you can apply for a Foreign Limited Liability Company Identification Number (FLCIN). This number is issued by the Wyoming Secretary of State’s office and it serves as an alternate form of identification for businesses in the state. An FLCIN is not an EIN and it does not replace the need for an EIN, but it can be used in its place in certain situations.

The FLCIN is issued quickly, usually within one business day, which can be much faster than the traditional process of obtaining an EIN. It is important to note, however, that the FLCIN is only valid in Wyoming and it cannot be used for federal tax filings. The FLCIN can be used to open bank accounts and to transact business in Wyoming, but it cannot be used to file taxes, apply for permits, or obtain licenses.

In addition to obtaining an FLCIN, there are several other steps that must be taken in order to register a foreign LLC in Wyoming. You must file a Certificate of Authority with the Secretary of State’s office and pay the applicable filing fee. You must also appoint a registered agent in the state and provide the registered agent’s address. Once these steps have been completed, you can then apply for an EIN from the IRS.

The process of obtaining an EIN from the IRS is usually much longer than the process of obtaining an FLCIN from the Wyoming Secretary of State’s office. It can take anywhere from a few weeks to a few months for the IRS to process an EIN application. However, if you have already obtained an FLCIN, you can use it to expedite the process of obtaining an EIN.

When you apply for an EIN, you can indicate that you already have an FLCIN and provide the FLCIN number. This will let the IRS know that you are already registered in the state of Wyoming and that your business is legitimate. This can be helpful in speeding up the process of obtaining an EIN, as the IRS may not need to conduct as much due diligence.

In conclusion, obtaining an EIN for a foreign LLC in Wyoming can be a time-consuming process. However, if you are registered in the state of Wyoming, you can obtain an EIN quickly by applying for an FLCIN. The FLCIN is issued quickly and it can be used to expedite the process of obtaining an EIN from the IRS.


How to obtain EIN for foreign LLC in Wyoming?

To obtain EIN for your foreign LLC, you have to apply for it from IRS. Fill up the Form-SS4 and send it via phone, fax mail or submit it online.

Do I need to obtain EIN for foreign LLC always?

If you’re a self-employed individual then you do not have to obtain EIN, you can use your social security number to form an LLC.

Are EIN and TIN the same or different?

EIN and TIN (Tax Identification Number) are the same things. IRS issues both the identification numbers to the businesses. It is an eight-digit identification number issued by the IRS.

Do I need a Third Party Designee to obtain EIN for Foreign LLC?

It is not mandatory to have a third-party designee obtain EIN. A third-party designee is an individual appointed by the LLC. That person will be responsible for fill-up the form SS-4 by answering all the questions and also can receive the issued EIN if applied by phone.

In Conclusion

Obtaining EIN for any Wyoming foreign LLC is a must. This number is required to conduct business, open up a business bank account, report the Taxes to IRS, and so on. EIN is any business entity’s Social Security Number that is mandatory to transact business.

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