What is an EIN?
EIN stands for “Employer Identification Number.” It is a unique 9-digit number assigned by the Internal Revenue Service (IRS) to identify a business entity.
EIN is also referred to as a Federal Tax Identification Number (FTIN) and is used for various tax and financial reporting purposes, such as opening a bank account, paying employees, and filing business tax returns.
Businesses, including corporations, partnerships, and sole proprietorships, can apply for an EIN from the IRS.
Some popular services to help you create your own EIN for your business include:
