EIN

Also called: employer identification number, federal tax ID, tax ID, tax ID number, FEIN, TIN

Employer Identification Number. A tax ID number that the US tax agency, the IRS, issues to a business. A company generally needs one to hire employees and to handle its business taxes.

For example: A new corporation applies to the IRS for an EIN before it hires its first employee.

Connects to 8

C-corp Concept
LLC Concept
Incorporation in Delaware Concept
S-corp Concept
Stripe Atlas Tool
Payroll Concept
NAICS code Concept
Relay Tool

This glossary is plain-language orientation, not legal or financial advice. Before you decide on a company structure, a contract, taxes or a fundraising deal, talk with a lawyer or an accountant.