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Starting your own business is an exciting and fruitful experience for many entrepreneurs. Yet many people hold the misconception that setting up a company is a complicated, drawn-out process. As a result, they don't follow their dreams.
Once you register with the government, you'll need to introduce your business to the IRS. That involves acquiring an EIN (Employer Identification Number). This isn't a requirement for small businesses without any employees. It is helpful, however, and you can apply online for an EIN.