![]() ![]() You need it to file business taxes on a business tax form. The Employer Identification Number (EIN) serves as a business’s Social Security number. In this article, we’ll go over what an EIN is and why you need it, as well as talk about some places you can likely find the number when you're worried it's lost. Many entrepreneurs may vaguely remember registering for one during a flurry of paperwork but have no clue what it is. ![]() And then you have to remember everything you did for as long as the business lasts, since those early tasks affect future opportunities.įor example, to register for a business license in a new area or apply for a Paycheck Protection Program (PPP) loan, you need to know your EIN. To launch a new company, you have to register a name, pick an entity type, set up several bank accounts, write a business plan, and maybe even recruit investors. Rome wasn't built in a day, as they say, and as I'm sure you can attest to, neither was your business.
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