What is an EIN and why would I need one?

Curious about what an Employer Identification Number (EIN) is and how it can help your business? In this episode of The Ask Ralph Show, Ralph Estep Jr. unpacks everything you need to know about getting an EIN and why it’s crucial for both established businesses and small start-ups. Ralph shares insights from client experiences, such as a small business owner who almost lost a major deal due to not having an EIN. Tune in to learn how to get your EIN, the benefits it provides, and practical steps to apply for one today. So, if you’ve ever wondered what is an EIN and how it can impact your business, this episode is for you!

https://www.askralphpodcast.com/what-is-an-EIN/

Podcast Timestamps:
00:00 Episode Overview
00:51 Listener’s Question: Do I Need an EIN?
02:09 Bible Verse: Proverbs 24:27 – The Importance of Proper Planning & Organization
02:40 What Is An EIN?
03:08 Real-Life Story of a Client: How an EIN Saved a Major Deal
04:54 What is an EIN and Why It’s Important
04:57 #1 EIN for Business Bank Accounts
05:23 #2 EIN for Hiring Employees
05:59 #3 EIN for Tax Filing and Entity Benefits
06:28 #4 EIN for Protecting Your SSN
07:06 #5 EIN for Business Licensing and Permits
09:42 Key Action Steps
11:42 How To Get Your EIN
13:44 Important Tips
16:27 Recap and Tomorrow’s Episode Preview
17:13 Closing

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