Asked by Cierra Mendoza on Feb 18, 2024
Verified
A company must have an EIN before hiring employees.
Entrepreneurship
A way of thinking, acting, and being that combines the ability to find or create new opportunities with the courage to act on them.
- Knowledge of the legal requirement for a company to have an EIN before hiring employees
- Awareness of the process and steps involved in obtaining an EIN
- Understanding the importance of obtaining an EIN (Employer Identification Number) for a company
Verified Answer
JR
Jasmine RobbinsFeb 18, 2024
Final Answer :
True
Explanation :
It is required by the IRS for companies to have an EIN (Employee Identification Number) before hiring employees.
Learning Objectives
- Knowledge of the legal requirement for a company to have an EIN before hiring employees
- Awareness of the process and steps involved in obtaining an EIN
- Understanding the importance of obtaining an EIN (Employer Identification Number) for a company
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