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FEDERAL Tax Id Number
Employer ID Numbers (EINs)
An Employer Identification
Number (EIN) is also known as a
federal Tax Id
Numberentification number, and
is used to identify a business
entity. Generally, businesses
need an EIN and it is
recommended to obtain one for
your business.
Nevertheless, you definitely
need it in the following
situations:
You Need a Federal Tax Id
Number:
-
If you have a corporation,
-
If
have employees, or
-
If you
are obtaining a Wholesale /
Retail License ( Some States
Require that you obtain a
federal Tax Id Number as
well)
-
If you don't want to use
your social to open a bank
account, you can obtain a
federal Tax Id Number and
use it to open a business
bank account.
-
If you
want to build corporate
business credit. See Below.
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