Sole proprietors are required to obtain an employer identification number, or EIN, if they have employees, are required to file pension information, pay excise taxes or file returns for alcohol, ...

The financial backbone of any business is the employer identification number. It's needed for credit applications, tax returns and state permits and licenses. Without it, business activity and growth ...

A 9-digit number obtained by a business with paid employees from the IRS. If you're a sole proprietorship, your EIN is your social security number. If you have one or more employees, you’re required ...

Can you open a business account without an EIN? Yes! Learn which business types qualify, required documents, and when getting an EIN may be smart.

Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...

What is a state tax ID number, and what is it for? A state tax ID number is sometimes called a state employer ID, state EIN or state tax registration. It’s assigned by a state to identify a business ...

Janet Berry-Johnson, CPA, is a freelance writer with a background in accounting and income tax planning and preparation for individuals and small businesses. Her work has appeared in Business Insider ...