Chapter 4: Startup Essentials
The next piece of identifying paperwork you’ll need to obtain is an Employer Identification Number (EIN). An EIN is essentially a social security number for your business, so that the IRS has a way to track the revenue, expenses, and employees of the company independent from the owners. You will use this EIN when filing taxes, hiring employees and contractors, and most importantly, when opening a business bank account. Like filing, obtaining an EIN is incredibly simple:
Note: The online EIN filing website has operating hours of Monday to Friday, 7 a.m. to 10 p.m. Eastern Standard Time. You will only be able to obtain an EIN at this time, with a filing limit of once per day per responsible party.
Get your EIN here: https://www.irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number