What is an EIN? - Employer Identification Number

What is an EIN? EIN stands for 'Employer Identification Number' also referred to as an F.E.I.N 'Federal Employer Identification Number'.

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TIMESTAMPS
0:00 - Intro
0:18 - What is an EIN?
0:47 - Why you Need an EIN?
2:10 - How to Apply for an EIN?
8:19 - Conclusion

🎓 For more information on EINs, visit:  
https://howtostartanllc.com/what-is-a...

You'll need an EIN:
- If your business has employees, or is going to have employees

- If You want to open a business bank account, this is necessary to separate your personal and business assets and expenses

The best small business checking accounts:
https://startupsavant.com/best-busine...
To learn more about small business credit cards:
https://howtostartanllc.com/credit-cards

- To report your business taxes, especially as a multi-member LLC or Partnership
https://howtostartanllc.com/taxes/llc...

In this video, Tony will discuss what an EIN is, why you may need one and then walk you through how to get your own.

🎞 TIMESTAMPS the step by step guide to getting your EIN at 2:11:
What is an EIN? - Employer Identifica...
📄 Link to Form 720:
https://www.irs.gov/pub/irs-pdf/f720.pdf
❓ For more information about Form 720:
https://www.irs.gov/forms-pubs/about-...
🗳 Apply for your EIN:
https://sa.www4.irs.gov/modiein/indiv...

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