Startup Terms Glossary
What is an EIN?
An EIN, or Employee Identification Number, is a nine-digit tax number issued to a new startup by the Internal Revenue Service. An EIN functions similarly to a social security number, except it is used for business purposes.
An EIN is needed by any company with employees and is often required for certain business activities such as opening a business account or filing taxes.
EIN Examples
Examples of when a business owner should file for an EIN:
- Example 1. When the business has at least one employee
- Example 2. When the business is a corporation or partnership
- Example 3. When the business is involved with an organization or trust
Learn more about applying for an EIN with this article .
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Attorney Hamilton has worked in public service for most of her career with positions in government at the federal and state levels serving as a judicial law clerk, attorney-advisor to federal agencies and an administrative judge for the state of Maryland. She also maintained her own law practice for several years where she assisted various clients with matters ranging from real estate transactions, contract disputes, family law, criminal law and religious law disputes. Attorney Hamilton most recently served as the Chief Legal Officer for a technology startup company and is the founder of Hamilton Advising & Consulting, LLC, a legal and business consulting firm supporting small to medium-sized entities with all things contracts.
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