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What Is It Used For?

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Written by ParaFort
Updated over 7 months ago
  • Have employees

  • Operate your business as a corporation or partnership

  • Withhold taxes on income paid to a non-resident alien

  • Have a Keogh plan

  • Form an LLC (in most cases)

  • Run a non-profit, estate, or trust

Even if it’s not legally required, many business owners get an EIN to keep personal and business finances separate.

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