Get The Latest News, Advice & Best Practice From Blog

How EINs Affect Business Banking and Credit Accounts

An Employer Identification Number (EIN) is more than just a tax ID—it’s a key part of how your business is recognized and trusted by financial institutions. Whether you’re opening a business bank account, applying for credit, or building a business credit profile, your EIN plays a central role.

Nov. 2, 2025, 5:36 p.m.

EIN requirements for applying for business loans and grants

Below is a detailed breakdown of EIN (Employer Identification Number) requirements when applying for business loans and grants in the United States, including banks, SBA loans, fintech lenders, and government-funded grants.

Nov. 1, 2025, 7:15 p.m.

Can You Transfer an EIN to Another Business?

When running or reorganizing a business, many owners wonder whether they can simply transfer their existing Employer Identification Number (EIN) to a new business entity. The short answer is no — in most cases, an EIN cannot be transferred from one business to another. Each EIN is assigned by the IRS to a specific legal entity and is meant to identify that entity alone. Let’s break down the details.

Oct. 31, 2025, 8:20 p.m.

How to Use an EIN When Hiring Employees

Hiring your first employee is a big milestone — and one that comes with new legal and tax responsibilities. One key requirement is having an Employer Identification Number (EIN). This unique nine-digit number, issued by the IRS, identifies your business for tax and employment reporting purposes. If you’re wondering how to properly use your EIN when hiring employees, this guide walks you through everything you need to know.

Oct. 30, 2025, 1:44 p.m.

EINs for Nonprofit Organizations

An Employer Identification Number (EIN) is essential for nonprofit organizations in the United States. Issued by the Internal Revenue Service (IRS), the EIN serves as the organization’s unique federal tax ID, similar to how a Social Security Number identifies an individual. Even though many nonprofits are tax-exempt, they are still legally required to have an EIN to operate, hire employees, and comply with federal and state regulations.

Oct. 29, 2025, 5:21 p.m.

How EINs help track business taxes and compliance with the IRS

In the United States, every legitimate business needs a unique way to identify itself for tax and regulatory purposes. That’s where the Employer Identification Number (EIN) comes in. Often called a “business Social Security Number,” an EIN is essential for tracking tax obligations, filing returns, and maintaining compliance with federal laws.

Oct. 28, 2025, 1:31 p.m.

How EINs Are Used in Vendor and Supplier Contracts

An Employer Identification Number (EIN) is a unique nine-digit number assigned by the IRS to identify a business entity for tax and reporting purposes. In vendor and supplier relationships, an EIN functions like a “business ID number,” ensuring legal compliance, tax tracking, and transparent financial documentation between companies.

Oct. 27, 2025, 1:19 p.m.

Can You Have More Than One EIN?

When running multiple businesses or making changes to your business structure, you might wonder — can you have more than one Employer Identification Number (EIN)? The short answer is: it depends on your business situation. Let’s break it down.

Oct. 26, 2025, 4:08 p.m.

Common Reasons Why Your EIN Application Gets Rejected

Applying for an Employer Identification Number (EIN) with the IRS is usually a quick and simple process — but sometimes, applications get delayed or even rejected. Understanding the most common reasons can help you avoid frustration and get your EIN successfully issued the first time.

Oct. 25, 2025, 4:12 p.m.