Business Applications Continue to Surge
Small Business Labs
JANUARY 20, 2021
There were 1.15 million applications to get a business tax ID (EIN) in Q4, 2020. This is an impressive 27% increase compared with Q4 of 2019. As the U.S. Census chart below shows, business applications fell from Q3 by 28%. But Q3 of 2020 was a blow quarter by any measure. So despite the quarter over quarter decline, the Q4 numbers still show very strong growth by historical standards.
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