PIK CONSULTING is an international consulting firm headquartered in Paris. Present in the United States for many years, we provide our expertise to both American and foreign entrepreneurs in various tax and administrative areas.
Whether you want to establish a local business or add a U.S. subsidiary to a foreign group, navigating the complexities of administration can be daunting. With our accreditation by the Internal Revenue Service (IRS), we handle the entire EIN application process, regardless of the status of the executives whether American or foreign, residing in or outside the USA.
Starting a business in the USA, whether it’s an LLC, a C Corp, or a Partnership, requires a thorough understanding of and compliance with regulations. In a country where corporate law varies in each state, it becomes even more complex.
EIN stands for Employer Identification Number. It consists of 9 digits and is used to identify a business for various tax, social, legal, or financial purposes. As an entrepreneur in the USA, your business’s EIN is akin to a Social Security number. Even without hiring employees, it’s impossible to comply with tax and social regulations or complete multiple formalities without first obtaining this essential identifier.
We support and offer personalized services to foreign businesses and foreign residents established in France.
An EIN is required for filing taxes, reporting income, and fulfilling other tax obligations for businesses, including partnerships, corporations, and LLCs with multiple members.
Employers use an EIN to report employee wages, withholdings, and payroll taxes to the IRS and other government agencies.
Businesses need an EIN to identify themselves on federal tax returns, including income tax, employment tax, and excise tax filings.
Financial institutions typically require an EIN to open business bank accounts, obtain lines of credit, and apply for business loans.
Many states and local governments require businesses to have an EIN when applying for licenses, permits, or registrations to operate legally.
Employers need an EIN to report employment taxes and other information to the IRS, Social Security Administration, and state workforce agencies when hiring employees.
Businesses use an EIN to report payments made to independent contractors, freelancers, and other non-employee service providers to the IRS.
Businesses must use their EIN when filing various information returns with the IRS, such as Form 1099 for reporting payments made to vendors, contractors, and other entities.
Trusts and estates often require an EIN for tax reporting purposes, especially if they generate income or have assets that generate income.
If a business elects to be taxed as an S corporation, it must have an EIN to file Form 2553, Election by a Small Business Corporation, with the IRS.
Many business contracts and agreements, including vendor agreements, leases, and partnership agreements, may require an EIN for identification purposes.
Employers use an EIN when establishing and administering retirement plans for their employees, such as 401(k) plans or pension plans.
Establishing business credit often requires an EIN, which lenders use to evaluate the creditworthiness of a business entity separate from its owners.
Nonprofit organizations need an EIN to apply for tax-exempt status with the IRS and to fulfill tax reporting requirements for donations and other income.
EINs are sometimes required for real estate transactions involving trusts, estates, partnerships, or other business entities.
Businesses filing for bankruptcy typically need an EIN to include in bankruptcy petitions and other court documents.
PIK CONSULTING is an audit and accounting firm established by French certified public accountants also based in the USA. As CPA accountants, we have long supported European and American professionals investing in the USA. In administrative, tax, and legal matters, PIK CONSULTING eases the process for Europeans in a new country, often facing language barriers.
Thanks to its accreditation with the U.S. administration (IRS) as an acceptance agency, or authorized agent, PIK CONSULTING streamlines all formalities aimed at identifying the business.
We offer various types of services depending on the applicant’s status or the legal structure.
We handle all formalities to obtain an EIN. Here are the steps to follow:
01
Determine Eligibility : Ensure your business or entity is eligible for an EIN. Most types of businesses, including sole proprietorships, partnerships, corporations, LLCs, estates, trusts, and non-profit organizations, can apply for an EIN.
02
Complete IRS Form SS-4 : Fill out IRS Form SS-4, Application for Employer Identification Number. This form requires information about your business structure, purpose, and responsible party.
03
Choose Application Method : Decide on the application method. You can apply for an EIN online, by mail, fax, or phone, depending on your preference and location.
04
Submit Application : Submit your completed Form SS-4 to the IRS through your chosen application method. If applying online, the process is usually faster, and you'll receive your EIN immediately upon completion.
05
Wait for Processing : After submitting your application, the IRS will process it and issue an ITIN if everything is in order. Processing times can vary depending on the time of year and the volume of applications received.
06
Wait for Processing : If applying by mail, fax, or phone, you'll need to wait for the IRS to process your application. This typically takes a few weeks, but processing times may vary.
07
Receive EIN Confirmation : Once your application is processed and approved, you'll receive your EIN confirmation letter from the IRS. This letter confirms your EIN and includes important details about your business entity.
08
Keep EIN Information Secure : Safeguard your EIN confirmation letter and keep it in a secure place. You'll need this information for tax filings, business transactions, and other official purposes.
09
Use EIN for Business Transactions : Start using your EIN for various business transactions, such as opening bank accounts, filing taxes, hiring employees, applying for licenses or permits, and conducting financial transactions.
10
Update Information as Needed : Keep your EIN information up to date with the IRS. If there are any changes to your business structure or contact information, notify the IRS promptly to ensure accurate record-keeping.
Throughout this process, our firm is largely capable of handling each step efficiently and effectively, ensuring compliance with IRS requirements and providing expert guidance to support you.
In addition to our services related to EIN and ITIN, we provide tailored support to meet each client’s needs. As partners in their business both in the United States and internationally, we offer a team of multilingual and multicultural experts to assist businesses. This ensures a relevant response, regardless of the project.
Our partnership with EXPAND CPA enhances our expertise. We thus offer a comprehensive solution for entrepreneurship in the USA and Europe, regardless of the nationality or residency of the executives.
EIN is the American acronym for Employment Identification Number. Contrary to what you might think, it does not apply only to entities that employ staff. Regardless of the owner, any business created or registered in the USA must have an EIN number.
Unlike the EIN, the ITIN identifies an individual rather than a business. It is the number a taxpayer must have when they do not have a U.S. Social Security Number (SSN). To obtain it, you must submit your application to the IRS, the federal agency responsible for collecting income tax and various other taxes. PIK CONSULTING, a consulting firm with offices in Europe and the USA, handles this administrative process for you.
The EIN application requires completing the SS-4 form accurately. To assist with this sometimes-complex process, especially for foreign nationals, consider working with an acceptance agent accredited by the IRS.
Here is the information to provide to the U.S. federal tax administration:
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We support and offer personalized services to foreign companies and foreign residents established in France