I’m starting an LLC to sell handmade candles online. My bank asked for an EIN to open a business account. Can you explain what it is and why I need one?

Answer by: Abdullah Al Naim
8 months ago
An Employer Identification Number (EIN) is a unique identifier issued by the IRS for businesses. Also known as Federal Employer Identification Number (FEIN), it separates your business from your personal identity. Businesses need EINs for licenses, permits, bank accounts, loans, and credit applications.
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