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Workmen’s Compensation Insurance

Insurance plans that compensate for the death or injury suffered by a worker while on the job.

Working Capital

The amount of capital/current assets that is available for use in company operations. Working Capital is calculated by subtracting current liabilities from current assets.

Winding Up

The process of ending a business. This typically involves selling the business’s assets, paying creditors, distributing the remainder to equity holders, and then dissolving the business.

What is Form SS-4?

The SS-4 is the one-page IRS form which is filed in order to obtain an Employer Identification Number (EIN).  Typically, this will be filled out and submitted to the IRS immediately after incorporation. However, an entity can submit this form later in its life. It is a fairly simple form to complete. It asks for information that is usually readily available, such as the address of the headquarters, the formation date, the type of entity, etc.

You can obtain this form on the IRS website. However, many customers prefer to have IncNow assist with the process of obtaining an EIN.

MORE: How to Get an EIN