![]() ![]() ![]() Most businesses need what’s called an Employer Identification Number (EIN) to execute various business tasks, including opening a bank account in the name of the business, and establishing a payroll for employees. Or, if you establish an EIN with the IRS, you’ll more easily be able to retrieve your tax ID number, as well as any other relevant documents pertaining to your businesses. For example, you’ll want to update your address to ensure you receive any tax refunds. When and if you or your business changes address, you must notify the Internal Revenue Service (IRS) to ensure you receive any relevant correspondence.
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