(Employer Identification Number)
Employer Identification Number (EIN) is a unique IRS-issued identifier for businesses, essential for tax filings and hiring employees.
What is an EIN?
AnYour Link Text
Employer Identification Number (EIN) is a unique nine-digit number assigned to your business by the Internal Revenue Service (IRS). It functions like a Social Security Number, but specifically for businesses. An EIN is essential for paying employees and handling your business taxes. While the IRS issues EINs for federal tax purposes, these numbers are also used on state tax forms where required.
Who Needs an Employer Identification Number (EIN)?
An Employer Identification Number (EIN) is mandatory for some businesses and optional for others. However, it is generally necessary for independent contractors and small business owners. Knowing who needs to apply for an EIN and understanding the benefits it provides can offer a significant advantage to your business.
The following business structures are required to have EINs
