Employer Identification Number EIN

When you start a small business, one point of business to take care of is getting an employer identification number (EIN). It’s a quick and straightforward process that can be completed in a matter of minutes.

An EIN is commonly connected to your personal social security number when you run a sole proprietorship or single member LLC. However, it gives you a degree of separation from your personal information when conducting business.

For instance, when suppliers or business contacts need your tax information in order to pay you, you might not feel comfortable giving an SSN to a stranger. When you have an EIN you can give that instead.

Stay tuned to this section of StartUpaSmallBiz.com to learn more about the benefits of having an employer identification number EIN and how to get one for your new small business.



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