If you’re turning your side hustle into a business, you might be feeling confused right about now. That’s ok! You can take it one step at a time. One of your first steps is to sign up for an Employer Identification Number (‘EIN’).
Think of the EIN as the SSN for your business. You’ll need an EIN for everything including opening a business bank account, registering for sales tax permit, incorporating your business, and/or filing our your clients’ tax forms (W-9 & 1099-MISC) and paying employees.
While it can be daunting to register for the EIN through the IRS, Square can help you get one with our EIN assistant. We break down the application into a few simple steps and guide you through it. Best of all, our EIN assistant is free to use.
Try it out and tell us what you think! And if you have any questions, let us know.
