Does A Single Member LLC Need An EIN?

Anila Lahiri April 8, 2024

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 […]

Should You File For An EIN Or LLC First?

Anila Lahiri April 4, 2024

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 […]

How To Get An EIN For A Non-Profit

Anila Lahiri March 28, 2024

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. 

10 Key Benefits Of An EIN For A Sole Proprietor

Anila Lahiri March 25, 2024

Many people who run one-person businesses debate whether or not it’s worth getting an EIN. After all, it’s not legally required, and you may be content as is. However, if you’re operating on your own, there are still benefits of EINs for sole proprietors. These will be unpacked in the below article. What is an […]

Understanding The 147c Letter: A Guide

Anila Lahiri March 9, 2024

The 147c letter is a crucial document sent by the IRS to businesses. This guide aims to provide a comprehensive understanding of the 147c letter, its significance, who can request it, how to obtain it, and key takeaways for businesses. What is the 147c Letter? The 147c Letter is sent by the IRS to businesses […]

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