Starting a business can be expensive, but did you know that you can form a free LLC with EIN? Many entrepreneurs and small business owners are looking for cost-effective ways to establish their companies legally without breaking the bank. In this guide, we'll walk you through how to get your LLC and EIN for free, so you can focus on growing your business.
What Is an LLC and Why Do You Need an EIN?
A Limited Liability Company (LLC) is a popular business structure that provides legal protection by separating your personal and business assets. Meanwhile, an Employer Identification Number (EIN) is like a Social Security number for your business—it's required for tax filing, opening a business bank account, and hiring employees.
Can You Really Get a Free LLC with EIN?
Yes! While some services charge hefty fees, there are ways to legally establish your LLC and obtain an EIN without spending a dime. Here's how:
Steps to Get a Free LLC with EIN
1. Choose Your Business Name
Make sure your desired business name is available by checking your state's Secretary of State website. Each state has different naming rules, so verify that your name follows state regulations.
2. File Your LLC Formation Documents
Most states allow you to file Articles of Organization online or by mail. Some states, like Kentucky and Arkansas, have no filing fees, making it possible to register your LLC for free. In other states, fee waivers or discounts may apply under specific conditions.
3. Get Your EIN for Free from the IRS
The IRS issues EINs for free through their official website. Simply visit irs.gov, apply online, and receive your EIN instantly. Avoid third-party services that charge unnecessary fees for something you can do in minutes.
4. Use Free Registered Agent Services (If Available)
Some states require a registered agent to accept legal documents on your behalf. You can act as your own agent or find free options through certain LLC formation services that offer the first year free.
5. Open a Business Bank Account
Once you have your free LLC with EIN, open a business bank account to keep your finances separate. Many banks offer free business accounts with no minimum balance requirements.
FAQs About Getting a Free LLC with EIN
✅ Are there truly free LLC formation services?
Some providers, like Inc Authority and ZenBusiness, offer free LLC registration (excluding state fees) if you use their other services.
✅ Is getting an EIN free?
Yes! Always apply directly through the IRS website to get your EIN for free.
✅ Can I form an LLC in a state with no fees?
Yes! A few states have no LLC filing fees, making it possible to start your LLC at no cost.
Final Thoughts
Forming a free LLC with EIN is entirely possible if you take the right steps. By handling the process yourself and using free resources, you can legally start your business without spending unnecessary money. Whether you're launching a small business or a side hustle, taking advantage of free LLC registration and EIN services can set you up for success.