{"id":394,"date":"2014-11-30T12:14:33","date_gmt":"2014-11-30T16:14:33","guid":{"rendered":"https:\/\/fluentricciardi.com\/?p=394"},"modified":"2022-01-26T12:17:12","modified_gmt":"2022-01-26T16:17:12","slug":"whats-an-ein-and-do-you-need-one","status":"publish","type":"post","link":"https:\/\/fluentricciardi.com\/whats-an-ein-and-do-you-need-one\/","title":{"rendered":"What\u2019s an EIN and do you need one?"},"content":{"rendered":"
If you\u2019re starting a new business, you may need an EIN (Employer Identification Number) from the IRS. Here\u2019s how to determine whether or not you need one as well as how to get it.<\/strong><\/p>\n <\/p>\n If you\u2019re a sole proprietor or in some states, a single owner of an LLC, the good news is that getting an EIN is free! This is a relief if you\u2019ve already had to pay for the LLC, business insurance, and city business licenses. More details on costs coming up.<\/p>\n Essentially, an EIN is like a Social Security Number for a business\u2014at least in regards to paying taxes. You\u2019ve more than likely had to enter an EIN on your 1040 from your W-2.<\/p>\n You need an EIN if you meet any of the following criteria laid out by the IRS:<\/p>\n If you don\u2019t meet any of the above criteria, you\u2019ll probably still want to get an EIN for a few other reasons.<\/p>\nWhat is an EIN?<\/h3>\n
Do you need an EIN?<\/h3>\n
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EIN Costs<\/h3>\n
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Is that all?<\/h3>\n
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