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LSDefine

Simple English definitions for legal terms

Employer Identification Number (EIN)

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A quick definition of Employer Identification Number (EIN):

An Employer Identification Number (EIN) is a special number given to businesses in the United States. It has nine digits and is unique to each business. The EIN is used by the government to identify businesses for tax purposes. Businesses need an EIN to do things like hire employees, open bank accounts, and file taxes. Some types of businesses must have an EIN, like those with employees or those that are partnerships or corporations. To get an EIN, businesses can apply online, by phone, fax, or mail.

A more thorough explanation:

An Employer Identification Number (EIN) is a unique nine-digit number given to businesses in the United States. It is also known as a Federal Employer Identification Number (FEIN) or Federal Tax Identification Number (FTIN). The EIN is used by the Internal Revenue Service (IRS) to identify businesses for tax reporting and compliance.

Businesses can apply for an EIN online, by phone, fax, or mail. The application must be filed after the business has been formally created but before it begins day-to-day operations. The following information needs to be provided in the application:

Businesses require an EIN for various purposes, including:

  • Hiring and paying employees
  • Opening bank accounts and obtaining loans
  • Filing taxes

Examples of businesses that require an EIN include:

For further information about the EIN, please visit the .

employer | employment

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General

General chat about the legal profession.
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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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