EIN is a nine-digit unique number assigned by IRS for US business identification. Used for tax administration, not for any other purposes. Created by IRS in 1974 under 26 USC 6011(b)
Owned by one individual with full control but limited protection. Simple to establish but owner fully liable for company debts. Income taxed only once as personal income
Companies are typically smaller than corporations. Corporations have minimum capital requirements for formation. Corporations are taxed twice, while companies can pass through earnings. Corporations are owned by multiple people, companies by one
Tax Administration is part of the Ministry of Finance. Conducts assessment, control and collection of public revenues
LLC is a legal entity offering business liability protection and flexible taxation options. Protects personal assets in case of legal trouble or bankruptcy
Digital solutions reduce admin hours by up to 50%. Solutions cover Tax & Finance, Risk & IT Security, Innovation & Sustainability. Company-wide digital transformation solutions available