EIN Requirement - Sole Proprietors

IRS REQUIRES AN EIN FOR SOLE PROPRIETORS WHO ESTABLISH A RETIREMENT PLAN

Generally, a sole proprietor who (1) has no employees and (2) doesn't file any excise or pension plan tax returns doesn't need an Employer Identification Number (EIN). In this instance, a social security number may be used as the taxpayer identification number.

However, EIN is required when a sole proprietor creates a retirement savings plan.

The fastest and easiest way to apply for an EIN is via the EIN Assistant directly on the IRS website. An EIN will be issued immediately so you can complete your retirement plan set-up request.

A few tips before you proceed:

You must have a valid Taxpayer Identification Number (SSN, ITIN, EIN). Your EIN will not be linked to your SSN.
Your application must be filled out in one session and cannot be saved.
The session will time-out after 15 minutes if not in use. You may apply only once per day.
You will immediately get an EIN after the form is completed.

Apply and Receive Your EIN Immediately

NOTE: You will be taken directly to EIN Assistant page on the IRS website.

If you have any questions, please send us a note at retirement@cetera.com or call us at 888-926-0600.

Thank you,

Your Friends at Cetera Retirement Plan Specialists

This information provided is for informational and educational purposes. It is not intended to provide, and should not be construed as ERISA, tax, legal advice or guidance. Employers should consult a qualified tax or legal advisor regarding their specific situation.

Affiliated Entities Cetera Retirement Plan Specialists may provide third party administrative services (TPA) to clients of financial professionals, who are affiliated with its family of broker-dealers and registered investment advisers. Cetera Retirement Plan Specialists is part of Cetera Financial Group®. Cetera Retirement Plan Specialists and its related entities operate independently and there is no requirement for retirement plan clients of Cetera Financial Group firms to engage with Cetera Retirement Plan Specialists.

About Cetera Financial Group Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), Cetera Financial Specialists LLC, and First Allied Securities, Inc. All firms are members FINRA/SIPC. Located at 655 W. Broadway, 11th Floor, San Diego, CA 92101.

Individuals affiliated with Cetera firms are either Registered Representatives who offer only brokerage services and receive transaction-based compensation (commissions), Investment Adviser Representatives who offer only investment advisory services and receive fees based on assets, or both Registered Representatives and Investment Adviser Representatives, who can offer both types of services.