30M people launched
their business with Tailor Brands
How does an EIN benefit my business?
Essential for opening a business bank account
Most banks will ask for your EIN when applying for a business bank account.
Avoid identity theft
Get an EIN so you don’t give out your SSN, lowering the risk of identity theft.
**An EIN can only be obtained online with a SSN
A must for hiring employees
You will need your EIN to hire employees and pay salaries.
Does my business need an EIN?
Most business entities are required to have an EIN by the IRS. These entities include corporations, partnerships, most LLCs, and some sole proprietorships.
The IRS recommends getting an EIN, because it is essential for opening a business bank account, a must when hiring employees. Plus it can reduce the risk of identity theft.
Get ahead with an EIN
Protect your limited liability status
Strengthen your limited liability status by separating your finances with an EIN.
Important for grants and loans
You can apply for these after you have your EIN.
