You Should Get an EIN Even if You Don’t Have an LLC or Corp

Here are some important things to note when obtaining an EIN number for your business. As I'm sure you know, an EIN number is basically your business's Social Security number and is what will be required when you want to open up a business bank account. First, EINs can be obtained very easily from the IRS's website if you have a Social Security number. If you don't have a Social Security number, you can still get an EIN for your business, but it will take much longer. Second, you can get an EIN number for your business even if you don't have an LLC or corporation and you're just acting as a sole proprietor. A lot of sole proprietorships choose to get EINs so that they don't have to issue out their personal Social Security numbers to various businesses or organizations. And third, if you do have an LLC or corporation or plan on registering one, then you should only get the EIN number after the LLC or corporation is registered. The LLC or corporation must be approved by the state before you can get the EIN number. Thanks and follow me for more.