![]() What Is an EIN and What Is it Used For?Īs mentioned, your EIN is a unique numerical identifier that is assigned to you by the IRS. Read on to learn about how to apply for an EIN, how to find your tax ID number and how you can do an EIN lookup. Furthermore, as a small business owner, you might find yourself in a position where you may want to look up another business’s EIN. If you’re just starting your business, you might have some questions about how to apply for an EIN or where to find your tax ID number if you’ve already been assigned one. Just like you need to incorporate your business or form an LLC, acquiring your EIN is a necessary step in establishing your business.įor many businesses, having an EIN is a legal requirement, though there are some exceptions. Your company’s EIN is like a Social Security number for your business and thus very important. An employer identification number - also called an EIN or federal tax ID number - is a unique numerical identifier that is assigned to businesses by the IRS principally for tax purposes.
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