Replies to post #87287 on PHI Group Inc (PHIL)

[saving_ryan]

And with that statement you are correct. You need an EIN to open up a bank account for a business (unless you're a sole proprietor), you need it to truly recognize revenue and file taxes, apply for business permits, etc.

Basically a foundational step to being a legitimate company in the US. So I'm going to say this is good thing and shows that piece by piece things are getting done. Not as fast as most would like due to many different factors, but still getting done.