Get the latest news, advice & best practice from blog.
SOME OF OUR NEWS FROM LATEST BLOG
Get the latest news, advice & best practice from blog.
Changing business structure and EIN impact
When a business changes its legal structure, the IRS may require a new EIN. Whether you need one depends on how significant the change is. Below is a breakdown by scenario.
Dec. 11, 2025, 4:54 p.m.
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EIN for Amazon, Shopify, and online sellers
An Employer Identification Number (EIN) is often needed by ecommerce sellers to verify their business identity, file taxes, and open financial accounts. While not always required, an EIN can make operating on Amazon, Shopify, Etsy, eBay, Walmart Marketplace, and other platforms much easier.
Dec. 10, 2025, 12:47 p.m.
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Banking and Tax Benefits of Using an EIN
An Employer Identification Number (EIN) is more than just a tax ID used by the IRS. For businesses of all sizes—including LLCs, corporations, sole proprietors, Amazon sellers, and freelancers—having an EIN unlocks major advantages in banking, taxation, compliance, and overall business credibility. If you're starting a business or looking to operate more efficiently, here are the key banking and tax benefits of using an EIN.
Dec. 8, 2025, 7:10 p.m.
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How EINs Relate to Federal Tax Classifications
An Employer Identification Number (EIN) is the unique federal tax ID the IRS uses to track a business. While an EIN identifies who the business is, the federal tax classification determines how the business is taxed. These two pieces work together — and understanding the relationship is essential for compliance, filing, and business structuring.
Dec. 7, 2025, 8:25 p.m.
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Transferring an EIN to a new business entity
Transferring an EIN (Employer Identification Number) to a new business entity isn’t as straightforward as just moving it over—EINs are assigned to specific legal entities, and the IRS generally does not allow an EIN to be transferred from one entity to another.
Dec. 6, 2025, 4:06 p.m.
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Do Home-Based Businesses Need an EIN?
Whether a home-based business needs an Employer Identification Number (EIN) depends on how the business is structured and what activities it performs. Many small, home-run businesses can operate without an EIN—but others are legally required to obtain one.
Dec. 5, 2025, 3:01 p.m.
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How Foreign Companies Can Get an EIN Without a Social Security Number
Foreign-owned businesses often need an Employer Identification Number (EIN) to operate in the United States—whether for opening a bank account, hiring employees, paying taxes, or selling products. The good news? You can get an EIN even if you do NOT have a Social Security Number (SSN). This guide explains the exact process international companies and non-U.S. individuals must follow to obtain an EIN without an SSN or ITIN, including IRS rules, required documents, and processing timelines.
Dec. 4, 2025, 5:58 p.m.
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Do You Need an EIN to Open a Business Bank Account?
Opening a business bank account is one of the first major steps in separating your business finances from your personal finances. Whether you need an Employer Identification Number (EIN) depends on your business structure and the bank’s policies. Here is a complete breakdown.
Dec. 3, 2025, 5:25 p.m.
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EIN and Payroll Setup Requirements
Setting up payroll in the United States requires businesses to comply with federal and state regulations. The first step in this process is obtaining an Employer Identification Number (EIN), which serves as the official tax ID for your business. Without an EIN, employers cannot legally hire workers, file payroll taxes, or report wage information to the IRS. This guide explains how an EIN connects to payroll, what employers must complete before running payroll, and what ongoing responsibilities apply.
Dec. 2, 2025, 7:34 a.m.
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