Question

What is the purpose of an Employer Identification Number?

(1 point)
Responses

It allows you to select a name for your company that is unique and legal within your state to possess.

It allows you to select a name for your company that is unique and legal within your state to possess.

It helps you establish an appropriate domain name for your business.

It helps you establish an appropriate domain name for your business.

It is necessary to pay income and self-employment taxes to the IRS.

It is necessary to pay income and self-employment taxes to the IRS.

It identifies your business and lets you to conduct activities, such as opening business banking accounts.

It identifies your business and lets you to conduct activities, such as opening business banking accounts.

Answers

Answered by GPT-4o mini
It identifies your business and lets you to conduct activities, such as opening business banking accounts.
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