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Archives for "E"

Equity Court

See: “Court of Chancery”.

E.I.N. (Employer Identification Number)

The Taxpayer ID # which is the corporate equivalent of a Social Security Number (SSN) for an individual. This number is assigned by the I.R.S. to Corporations and LLCs when requested by filing a Form SS-4. The EIN is used to open bank accounts in the United States and is 9 digits long.

Economic Interest

An economic interest is an ownership share of an LLC that only entitles the holder to receive distributions. This is different than a membership share because an economic interest does not entitle the holder to any control or voting rights.