What is an EIN?

An EIN is a 9-digit number the IRS gives your business for tax purposes. You use it to file taxes, report income, and handle anything tax-related. Most businesses need an EIN to apply for a Novo account: Corporations (S corps and C corps) Partnerships Multi-member LLCs Sole proprietorships Any business with employees The only exception is a single-member LLC with no employees that’s taxed as a disregarded entity. You can apply for an EIN for free on the IRS website.