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Also known as the Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number, the EIN is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States for the purposes of identification.
Before you can open a bank account, apply for a business license or file a tax return, you will be required to obtain a Federal Employee Identification Number (FEIN) for your business. Not every small business needs a FEIN, but many do. Those who do include: Any business with employees. Any business that operates as a corporation or a partnership.