Tag: business registration

Is a business license the same as an EIN?

In my exploration of business essentials, I've realized that a business license and an EIN (Employer Identification Number) are not the same. An EIN, issued by the IRS, is a unique number that identifies a business for tax purposes. On the other hand, a business license is a permit issued by the government, allowing you to conduct business in a certain location. While both are crucial for running a business, they serve different purposes. So, it's essential to understand the distinction and the role each one plays in your business.