STEP 5: Your EIN number registration
What is an FEIN or EIN number?
In most instances your business will need an Employer Identification Number (EIN), or the Federal Tax Identification Number (FEIN) to be identified.
- Any business with employees.
- Any business that operates as a corporation or a partnership.
- Any business that pays employment, alcohol, tobacco or firearms tax returns.
- Any business that plans to have a Keogh plan.
Without your EIN number you won’t be able to apply for a business bank account, business licenses or file a tax return.
How can you apply for an EIN number?
To apply for an EIN number, you need to complete an IRS Form SS4, “Application for Employer Identification Number” online for free.
It is also advisable to check your state as well to verify if you need a state number or charter.