The Employer Identification Number or EIN (sometimes referred to as the Federal Employer Identification Number or FEIN) is a unique nine digit number from the IRS to identify a business operating in the U.S. Much like what a social security number is to a person, the EIN is essentially a social security number for a business. While most businesses will need to get an EIN, some do not need to. Businesses required to get an EIN include:
- Partnerships, corporations or LLCs
- Sole proprietorships with employees
The EIN is free to get and can be obtained from the IRS. The number only needs to be applied for once, there is no cost to get it and only takes a few minutes to complete the application. You will get your number within a few minutes too, so you can move on to the next step.
For additional help, we have a video on how to apply for an FEIN for more detail on how to apply.