Businesses need to understand the differences between an Employer Identification Number (EIN), Social Security Number (SSN), and Individual Taxpayer Identification Number (ITIN) in order to remain tax compliant. These unique identifiers serve a distinct purpose, from identifying business entities to tracking personal earnings and years employed. In this guide, we will take a look at […]
We know there are several benefits to getting an EIN, so you may be asking yourself whether you need to have a registered business to get one. Here’s everything you need to know about getting an EIN, even if you don’t have an officially registered business. Do you need to be registered as a business […]
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 […]