How To Apply For An EIN Without A SSN

Starting a small business is no small task, but trying to do so as a foreign national in the U.S. can make things feel complicated–especially when it comes to figuring out taxes.  Getting an EIN is an important step in your journey as a new small business owner. Your business’ EIN is what connects your […]

How Long Does It Take To Get An EIN?

When starting a small business, it is important to understand your legal rights and obligations. One of these obligations is applying for and receiving your Employer Identification Number (EIN). Let’s review what an EIN is, why you may need one, and how long it will take to apply.  What Is An EIN? EIN is an […]

Can I Use the Same EIN for Multiple Businesses?

You started a business, and things went really well, and you decided on starting another business, or perhaps you have a couple of business ideas you want to run with from the beginning.  When talking about having multiple individual businesses, one question that often needs to be answered is whether the same Employer Identification Number […]

Do Sole Proprietors Need an Employer Identification Number?

Starting a small business as a sole proprietor is often the simplest and least expensive way to begin a business venture. The title of a sole proprietor is automatically applied to business owners who are the only employee of an unincorporated business. Starting a business brings lots of registrations and questions like whether an Employer […]

What are the Differences Between the SSN, ITIN and EIN?

Sometimes the wording used to explain tax documents, rules, regulations, and processes can be fantastically confusing. Fortunately, breaking down each type of number can help business owners understand which ones are best for their unique scenario.   If you’ve been wondering about how ITIN, SSN and EIN tax ID numbers differ, then you’ve arrived at […]

How do I fix EIN Error Code 101?

Question – I’m trying to apply for the SBA Economic Injury Disaster Loan (EIDL) and get an EIN Error 101. What is it and how do I get it fixed?   An EIN 101 Error refers to a name conflict with your EIN (Employer Identification Number). This is usually the result of an incomplete EIN […]

Does a Single-Member LLC need an EIN?

What is a Single-Member LLC? A single-member LLC is a limited liability company with only one owner (referred to as a “member”). A single-member LLC still has all the same benefits as an LLC with multiple members, however, it offers the simplicity of the sole proprietorship for filing income taxes. What Tax Identification Number Can […]

How to Apply for an EIN

What is an EIN? EIN is an abbreviation for Employer Identification Number and is often referred to as a FEIN or Federal Employer Identification Number. The EIN is a unique nine-digit number from the Internal Revenue Service that identifies business entities for federal tax purposes. Do I need an EIN? Not all businesses need an […]

Finding the Money to Start a Business

Having a great business idea is an important piece of starting a business, but even great ideas are sometimes unable to get the funding they need.   Here are a few tips on how to finance a business. Pledging Personal Assets Personal assets play a major role in financing a business and are used to either […]