Can client apply for a corp FEIN prior to incorporating? Parasec was hired to incorporate this client, and the process will take approx 7 days. Client would like to open the bank account now, but to do so requires a FEIN.
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Dave, EA -
FEIN before incorporating
I don't see how you can.
To complete the SS-4, you need to name the corporation as approved by the state that grants it as well as need the incorporation date.Uncle Sam, CPA, EA. ARA, NTPI Fellow -
There's no entity in existence until the corp charter is issued, so there's no way to get the Fed ID# until the corp comes into being. In some states you can get 24-hour turnaround by paying an extra fee.
But you can get a Fed ID# online in about 10 minutes, so you could monitor your Secretary of State web site (or call them) once the articles are filed and then obtain the Fed ID# the minute the charter is issued (without waiting for the paperwork to arrive back in the mail)."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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Thanks...I figured as much.Dave, EAComment
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