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Ellen, Attorney
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Why Does a Company Require an EIN

Resolved Question:

Why Does a Company Require an EIN?
Submitted: 6 years ago.
Category: Business Law
Expert:  Ellen replied 6 years ago.

Thank you for your question.

An EIN is the business equivalent of a social security number. A corporation, LLC or other business entity is typically considered a separate taxpaying entity and therefore requires its own identification number.
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