Many new business owners may be concerned about divulging sensitive information about their business. However, sharing your EIN is a perfectly normal practice and a whole lot safer than sharing your personal information. Let’s take a look at the specifics. Can You Share Your EIN? You absolutely can share your EIN. An EIN is a […]
An EIN (Employer Identification Number) is a nine-digit identifier issued by the IRS (Internal Revenue Service) if first applied for. Many businesses obtain one to help with various tasks, similar to a Social Security Number. But when you’re first starting up a small business, do you need one straight away? The simple answer is that […]
If you’re unfamiliar with an EIN, it stands for employer identification number, and it’s a nine-digit number that acts similarly to a Social Security number. The IRS provides an EIN to business entities, and it can be used for a number of reasons. One of these is filing tax returns for your business, so the […]
If you’re planning on forming a limited liability company (LLC), then you may have been advised that you’ll need an EIN number for various purposes, including filing taxes with the IRS. An EIN (employer identification number) is a nine-digit number assigned to businesses by the IRS and can be incredibly important for an LLC. But […]
For nonprofits, an EIN is critical for incorporating as a nonprofit, opening a bank account, applying for tax-exempt status, and filing yearly tax forms. It is also required for donors to ensure they’re selecting the right nonprofit when they request for their donation to be matched.