Business owners, solopreneurs, and self-employed individuals often question whether they need an employer identification number (EIN). Some small businesses can operate without one. However, it’s always best to do your research first to ensure your setup for success. Let’s look at what an EIN number is, who needs one, and how to use it.
Getting a business EIN number, also known as a business tax ID number, helps establish your business and will help you keep your legal and financial matters in order.
Do you need an EIN number?
Most businesses can benefit from an EIN.