Amanda White
CFP, 5-Year Full-Time Freelancer
EIN (Employer Identification Number)
In This Article
Definition
Tax ID number for businesses, sometimes used instead of SSN for payments.
Related Terms
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FAQs
Do I need an EIN?
Required for LLC; optional for sole proprietors.
How to get one?
Free from IRS website; immediate.
Similar Terms
NDA (Non-Disclosure Agreement)
Legal agreement preventing sharing of confidential information about a client's business.
Contract
Legal agreement outlining project terms, payment, deliverables, and responsibilities.
LLC (Limited Liability Company)
Business structure providing personal liability protection while maintaining tax flexibility.
Sole Proprietor
Simplest business structure where individual and business are legally the same entity.
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Important Disclaimer: This content is for informational purposes only and should not be considered tax, legal, or financial advice. Consult a qualified professional (CPA, tax attorney, or financial advisor) for advice specific to your situation.