If you’re confused about what an Employer Identification Number (EIN) is or whether you need one, this article is for you.
An EIN for a small business is like a Social Security Number for an individual. Many, but not all, small businesses, legally have to get an EIN. An EIN tracks your business when you file taxes, open a bank account, or get a business credit card. Even when an EIN is not legally required, there are benefits to getting one, such as reducing the odds of identity theft.
