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Why Should You Apply for an Instant EIN Number?
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Frequently Asked Questions
An EIN is a nine-digit no termed as an Employer Identification Number or Federal Tax ID number. This number is crucial for all types of businesses, including LLCs, Corporations, and some types of sole proprietorships. Only the Internal Revenue Service (IRS) can issue an EIN for your business.
- Easy tax filing.
- Helps avoid tax penalties
- Increases legitimacy and trust as a business
- Easy and quick loan applications
- Prevents identity theft
- Builds business credit
- Allows easy set up of payroll system
- Helps open a business account easily