• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
WittySparks Logo White

WittySparks

Ignite Your Thoughts

  • Topics
  • Reviews
  • Newsletter
WittySparks / Business / Startups / Is An EIN Necessary When Starting Your Own Business?

Is An EIN Necessary When Starting Your Own Business?

Updated: January 31, 2022 by Nishitha • < 1 min read

Woman Employee Laptop Notes Taking

Americans like to think of the U.S. as a place where anything is possible as far as business. The dream is that anyone can become a self-made entrepreneur. The reality is that the majority of businesses close before they ever become profitable. Running a successful business is a big challenge, but legally establishing one is easy. Once you apply for an EIN online, your business is legal and official.

Why Do You Need an EIN?

The necessity of an EIN is similar to the necessity of having a social security number. It is an official identification number for your business. You need it in order to file taxes and open a bank account for your business. Likewise, it is possible to exist without a social security number, but it is virtually impossible to engage in official business without one.

How Can You Get an EIN?

The only thing separating your business idea from becoming a legally recognized business is a one-page application form. You can fill out an online EIN application at the Gov Doc Filing website. Most of the questions on the application form are very straightforward. The only question that requires careful consideration, and perhaps even professional advice, is the choice of the business entity type.

The Gov Doc Filing website contains information about the various types of business entities so that you can choose the most appropriate one. It also contains resources for payment processing and business-related legal services. Lots of things related to running a business require a great deal of caution and expertise. Filing for an employer identification number (EIN) is one of the easiest parts. All you have to do is submit an online application form, and you will have your EIN emailed to you the same day.

Related Topics

  • 8 Reasons Why Your Startup Needs A Virtual Assistant Today
  • What Are the Key Steps to Start a Business on a Budget?
  • 5 Affordable Tactics to Boost Your Startup’s Business Performance
  • Guide on Starting a Business in the U.S. as a Foreigner
  • 8 Reasons Dubai Is an Excellent Place to Start Business
  • 7 Business Ideas to Consider for Pandemic-Affected Startups

Topic: Startups

Previous Post: « Entrepreneurs Who Are Defying The Odds of Success in Technology
Next Post: 10 Ways to Improve Your Website Design »
Profile picture for Nishitha Article by

Nishitha

Co-founder of WittySparks
WittySparks Staff

I am done with my Physiotherapy Graduation. And I always try to share Health and technology tips with people. Apart from Physiotherapy and being a tech savvy, I do explore more on Technology side and I keep sharing my findings with wider audience.

View all posts by Nishitha

Primary Sidebar

Featured Productivity Software

Notion logo
Notion

Notion Workspace can help you stay organized, get started today, and take your productivity to the next level.

Try Notion for FREE

And take this Notion Masterclass by Ali Abdaal for FREE by using coupon code WITTYSPARKSFREE.

The Best Digital Marketing Tool

Semrush logo
Semrush

Grow your business on your terms and get to the top with 55+ marketing tools in 1. Get a flat 40% discount on Semrush Guru plan or Try 14-day PRO Trial.

Try Semrush for FREE

Footer

Explore Topics

  • Technology
  • Business
  • Marketing
  • SEO
  • View All Topics

Sponsors

Partnered with FreePik to use the licensed images.

turn to dhgate for smartphone

Affiliate link disclosure

If you make a purchase from WittySparks links, we will receive a small commission. See our Affiliate Disclosure.

Follow Us

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn
  • Instagram
  • YouTube
  • RSS
  • Mastodon

Copyright © 2023 WittySparks - All rights reserved.
Hosted on Rocket.net

  • About Us
  • Contact Us
  • Privacy Policy