Employer Identification Number (EIN)

What is an Employer Identification Number (EIN)?

Employer Identification Number (EIN) Definition: The Employer Identification Number, or EIN, is a federal tax identification number assigned to a business or company to identify it as a unique entity. In general, most, if not all, businesses require to apply for an EIN.

When you apply for this identifying number, there is no fee for this service, and it is offered free of charge through the IRS or Internal Revenue Service. An EIN may vary based on the country, state, or location regarding requirements and the application process. It’s an essential step in establishing a company so that it can be tracked and identified for taxation purposes.

Jul 30 - Comparewise Business Loan Banner

Other business terms:

Business Loan Help Center

How to Get a Gym Business Loan
How Does Equipment Financing Work?
10 Best Tips To Get Approved For Business Loans
Financial Tools Every Business Should Use
Jeeves Cash Back Business Credit Card
Neo Secured Card
Plastk Card
Capital One Guaranteed Secured Mastercard


Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!