EIN + DUNS Explained
Let’s make this super simple, Bestie.
EIN (Employer Identification Number)
Think of it like your business’s Social Security Number.
Used for:✔ Taxes✔ Opening bank accounts✔ Applying for funding✔ Hiring employees✔ Filing paperwork
Who issues it: IRS
Cost: FREE
When you need it: Immediately after forming your business
DUNS Number (Business Credit ID)
Your business’s credit file identification number.
Used for:✔ Building business credit✔ Vendor accounts✔ Applying for business loans✔ Getting approved for Net 30 accounts✔ Working with corporate vendors
Who issues it: Dun & Bradstreet
Cost: Free (standard)
When you need it: Before building vendor credit
In Short:
EIN = Your business identity
DUNS = Your business credit identity
You need BOTH to get funded.
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EIN + DUNS Explained
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