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In this video tutorial, Karan discusses how to get an EIN (Employer Identification Number) for your business, emphasizing that it's essential for tax purposes. He explains what an EIN is, who needs one, and the benefits of having it. Karan also shows viewers how to obtain an EIN for free, cautioning against scam websites that charge for this service. Essentially, an EIN is like a social security number for your business, assigned by the IRS. Karan encourages viewers to like the video to support other business owners and dives right into the steps to obtain an EIN.