What is an EIN and Why Does Your Business Need One?

What is an EIN?

The Employer Identification Number (EIN), also known as a Federal Tax ID, is a 9-digit number assigned by the IRS that identifies your company for tax purposes. Think of it as your business's tax identification number.

What is it Needed For?

• Opening a business bank account
• Hiring employees
• Filing tax returns
• Applying for business licenses
• Establishing business credit

Who Needs an EIN?

• Every LLC or corporation
• Businesses with employees
• Partnerships
• Self-employed individuals wanting to separate personal and business finances

How to Get Your EIN

Online Method (fastest)

• Only available for applicants with SSN or ITIN
• Obtained instantly
• Through the IRS website

Mail Method (Form SS-4)

• Available for foreigners without SSN or ITIN
• Takes 4-6 weeks

Fax Method

• Also for foreigners
• Takes approximately 4 business days

How Much Does it Cost?

The EIN is completely free when requested directly from the IRS. Beware of websites that charge for this service.

Important Information

• The EIN does not expire — it is permanent
• You can have multiple EINs if you have several businesses
• You do not need to be in the U.S. to obtain one

At Global Pathway, EIN acquisition is included in our LLC creation service ($250 total).

Need your EIN? Contact us and we will handle it for you.