{"id":6100,"date":"2022-08-13T11:21:41","date_gmt":"2022-08-13T11:21:41","guid":{"rendered":"https:\/\/maspartner.com\/?p=6100"},"modified":"2026-07-07T16:05:17","modified_gmt":"2026-07-07T16:05:17","slug":"guide-to-ein-or-fein-for-the-entrepreneurs","status":"publish","type":"post","link":"https:\/\/maspartner.com\/en-us\/blog\/guide-to-ein-or-fein-for-the-entrepreneurs\/","title":{"rendered":"Guide to EIN or FEIN for the Entrepreneurs"},"content":{"rendered":"

Employer Identification Number (EIN) or Federal Employer Identification Number (FEIN) is a Tax ID number issued by the IRS in the US. It is a unique, 9-digit number given to business entities, just like SSN is given to individuals.<\/span><\/p>\n

<\/span>Understanding EIN in detail<\/strong><\/span><\/h3>\n

As conveyed by the IRS, EIN is mandatory for some, while it is optional for other businesses. Yet, it is suggested to have an EIN to keep yourself away from identity theft. It also comes in handy when keeping personal information separate from professional details. An EIN, also known as Federal Tax Identification Number (FTIN), can be applied by the business’s owner or general partner\/manager.<\/span><\/p>\n

IRS basically uses an EIN to identify the business and its processes. The companies can issue the EIN directly from the IRS website for free and on a quick turnaround. But before knowing how to apply for EIN, it is essential to know <\/span>who needs an EIN and why.<\/span><\/p>\n

<\/span>When do you need it?<\/strong><\/span><\/h3>\n

Let us help you in understating the need for Employer Identification Number by explaining when you need it.<\/span><\/p>\n

As explained that EIN is a Tax ID number required by businesses, it is needed during the tax filing process by the business entities. Without it, the IRS can reject the tax return requests and put penalties on the business.<\/span><\/p>\n

An Employer Identification Number is needed, if:<\/span><\/p>\n