If you’re a small business owner, you’ve probably heard of an EIN number but may not know what it is or if your business even needs one.
In this article, we will examine what is an EIN number and discuss whether your business needs one in order to stay compliant with the IRS and other legal requirements. Let’s get started!
What is an EIN Number?
An EIN, or employer identification number, is a unique nine-digit number that is solely issued to businesses and organizations by the Internal Revenue Service (IRS) for tax filing purposes. This number serves as a secure identifier for your business.