If you are the owner of a small business, you will need to apply for an employer identification number (EIN), also called a business tax ID number.
An EIN is a nine digit number to your company by the IRS, You can use it at the time of your business income tax return or payment related tax return.
When opening a business bank account you can use it, applying for a business credit card, or applying for a business loan.
If you are looking for an AE, the good news is that the application process is easy and free. You can apply for an Employer Identification Number online at the IRS website or by mail, fax, or phone (Phone only for international applicants).
You only need some basic bits of information about your business in order to implement it.
Before we tackle how to apply for an employer identification number, let's take a moment to discuss why you need one and how to know if you can be eligible to get one.