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Open a U.S. Bank Account

Banks will require an EIN to open a bank account

Hire Employees

You need an EIN to hire employees since the IRS uses it for payroll and federal taxes.

Separate Your Finances

The EIN allows you to open a business bank account.

Why do I need an EIN for my LLC or Corporation?

The Employer Identification Number (EIN) (also known as the US Tax ID Number), is a 9-digit code assigned by the IRS to identify your business. An EIN is required to open a US Business Bank account, hire employees, and more. It is highly encouraged that you obtain a federal EIN number and open a separate business bank account avoid mixing up transactions in your personal account.
Disclaimer: Blook LLC is not a law firm, nor is it a substitution for a law firm or an attorney. Blook strives to facilitate the process by which individuals set up their businesses, but we do not and cannot provide legal advice, explanations, options, opinions, or recommendations about legal rights, business structure and operations, use of business and legal forms, or general business and legal strategies. While your communications with us are protected by our Privacy Policy, they are not protected by the attorney-client privilege. Your access to and use of this website is subject to our Terms of Use