An EIN is like a Social Security Number for your business. Learn what it is, who needs it, and how it helps you grow.An Employer Identification Number (EIN) is a unique nine-digit number issued by the IRS to identify your business for tax purposes. Almost every US company needs one.
You will need an EIN to open a business bank account, file federal taxes, hire employees, and apply for a merchant account. For many entrepreneurs outside the US, an EIN is also the key that unlocks other business services.
The good news is that you can get an EIN without visiting the United States, and in many cases without a Social Security Number. After your company is formed, the application is submitted to the IRS, and you receive an official confirmation letter that you should keep safe for future banking and tax needs.