Definition:
A number used to by the Federal Government to identify a business.
It costs nothing to apply for an EIN, it can be registered online, and most vendors will require a tax id before conducting business with a retailer.
Also Known As: Federal Tax Identification Number, Tax ID
Alternate Spellings: Employer Identification Number
Examples: We applied for our EIN as soon as we formed our business. This Employer Identification Number was also needed to open our business checking account and apply for credit from our suppliers.
