What is an EIN?
This video comes by viewer request – What is an EIN?
Simply put an EIN is an Employer Identification Number that the IRS uses for certain business structures taxes. Similar to a. social security number, you will find that your EIN is used to identify your business for many different applications.
You need an EIN if you set up a partnership or a LLC, but not if you are operating as a sole proprietorship.
This information is only good for those residing in the United States, I don’t have any information about EIN type registrations in other countries.
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