EINs are unique to the businesses to which they are assigned. The numbers never expire, and the same number set is never reissued to another business, even if the original employer goes out of business.
The main advantage of getting one is being able to operate. You can't run your business without it. You must apply for an employer identification number before you even get started. You also need an EIN to do the following:
- Hiring and paying employees
- Opening bank accounts, obtaining credit, and investing surplus cash
- Maintaining corporate shields
- Filing business taxes and registering state taxes
Getting an EIN allows you to keep your personal finances separate from your business ones. This allows you to shield your personal information and keep it protected from identity theft.
Self-employed individuals such as subcontractors are typically required to have an EIN, which will be used by the primary contractor to report to the IRS all business income paid to the subcontractor.
If customers place an order with us and pays our service fee, the amount they paid for also includes the benefits below:
- EIN number completion guarantee, if there are any issues, we fix them at no cost to you!
- Unlimited support for any problems (If you have to call the IRS the typical wait time is over an hour if you can even get a hold of them)
- Unlimited updates or changes with your EIN Number
- An operating agreement (this is upon request)
- Rest easy protection plan for any other issues that may come up regarding your we will take care of it for you.
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