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:
howtostartanll...
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
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To learn more about small business credit cards:
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- To report your business taxes, especially as a multi-member LLC or Partnership
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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? - Empl...
📄 Link to Form 720:
www.irs.gov/pu...
❓ For more information about Form 720:
www.irs.gov/fo...
🗳 Apply for your EIN:
sa.www4.irs.go...
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