Can You Use a Single EIN for Multiple Businesses? Understanding the Rules

If you own more than one business, you might be wondering whether you can use the same Employer Identification Number (EIN) for different ventures. The short answer is no; the Internal Revenue Service (IRS) generally requires distinct EINs for separate and unrelated businesses or different types of entities. Each business needs its own EIN for tax identification purposes.

However, there are specific circumstances under which multiple businesses might operate under a single EIN. These exceptions are clearly outlined on the IRS website. Therefore, it's advisable to consult the IRS guidelines to see if your situation qualifies for any of these exemptions before proceeding with your new business setup.