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HomeKnowledge Base - ArticleWhy is it important? Isn’t Business ID enough for my operation in the US?

Why is it important? Isn’t Business ID enough for my operation in the US?

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Why is it important? Isn’t Business ID enough for my operation in the US?

First you need it to file corporate tax every year. To maintain the standing of your company, you need to file tax returns regardless if your company makes a profit.
Most US financial and business institutions will require EIN for application of services. EIN is required for Amazon US, eBay US, PayPal US, and all banking and payment account applications.