What is an EIN?
An EIN refers to an Employer Identification Number, a unique 9-digit identifier issued by the IRS for the business entities operating in the US market. It is assigned to a business entity so that the federal department can easily identify and keep track of its activities for tax purposes.
It is also known as FEIN (Federal Employer Identification Number) or FTIN (Federal Tax Identification Number). It is as important as an SSN for the individuals in the USA, so make sure you are not forgetting to apply for EIN.
