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PURPOSE to Request Reservation of Entity Name Prior to Forming

PURPOSE to Request Reservation of Entity Name Prior to Forming

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all right so for this video i wanted to address a common question i get which is can i apply for my ein for my business before the entity is actually created right and so when would this arise well there are some states in the u.s where the process is quite slow to get an llc or corporation form so you file the documents with the state and a lot of times you have to wait up to two weeks to get the confirmation from the state that the entity is formed and legally existing and ready to go and so then you're asking yourself well during that two-week period can i go ahead and apply for my ein and get the ein while i'm waiting for the llc or the corporation to get formed the short answer is you know can you apply for it early you can the irs will allow this but in my opinion and a lot of other practitioners agree with this it is not recommended at all and here's why it's not recommended because there's always a chance that when you file the documents

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