What is an EIN? Employer Identification Numbers Explained

If the business is just me, do I need an Employer Identification Number? Is an FEIN, EIN, Federal Tax ID the same thing? I obtained an EIN with my sole proprietorship, can I use it for my new LLC? Where can I get an EIN and how long does it take?
We're going to demystify the EIN in this episode, but if you'd like to get an EIN from BetterLegal, we can help with that too at betterlegal.com

[@nkeiru26]

Very helpful breakdown explaining the basics and dumming it down for a novice like me! Pictorial representation super helpful as well!

[@ConnorLakeHavasu]

Thank you for the info and not littering it with backround music.

[@KevinHernandez-kk7ok]

Just finished the video, dope af! Gonna check out the videos you brought up 👌🏽

[@mattharmstrong2519]

Very informational. Thank you for your knowledge of wisdom 🙌🏾📈

[@luisfernandocalva3230]

Thanks, great video!!

[@user-wp6us1kq6t]

Thank u, I will check the other videos

[@evgenybelkov2300]

good material, thank you!

[@decoriussimpkins7346]

Thank you for this!

[@ayreks34]

Hello, I formed an LLC company as A Non Us-Resident And Without SSN. I got the EIN number from the IRS. They recorded my surname wrongly. How will I change it? I would be glad if you help.

[@pichipichi444]

Wow very helpful information❤❤❤

[@kingsleysarfo.]

Thanks brotha man

[@justdontskip5615]

Insightful!

[@eduardminaya5050]

Very unique video

[@JoseCruz-gq4rf]

I really like your shirt 😂 but honestly thanks for the video sir

[@brotechnicals1362]

Is there any any difference between Wyoming and other LLCs because everybody know Wyoming is tax free State???

[@yousaffreelancer]

I am non us resident when i apply EIN number i registered company on Saturday. First i check open corporate website my llc then i apply ein or i apply this now no issues

[@wanderingmoon9772]

So I can not use the same sole proprietor name and upgrade to an llc with the same ein?

[@tammy2465]

They keep sending me medical bills irs papers with a ein number on them and I don't know why I'm on ssa and ssdi I don't have a business and I haven't worked in ten years either I looked up the ein says ss number for someone 73 I'm 58 widowed my husband died over 20 yrs ago I'm confused

[@JazzyJeff40]

If i get an EIN "with" liability insurance, is that considered a less expensive way of not being personally liable? Will that be a way save cost instead of paying for and maintaining an LLC?

[@Rebecca-qg8pb]

What if I have a holding company with multiple businesses (subsidiaries)