An EIN is essential for operating a U.S. business. This guide explains its purpose, benefits, and how to obtain one quickly—even as a non-resident.
What Is an EIN?
An Employer Identification Number (EIN) is the federal tax ID for your business.
Why You Need an EIN
- Open a U.S. bank account
- File tax returns
- Hire employees
- Access payment processors
- Build business credit
How to Obtain an EIN
With SSN
Apply online through the IRS website—instant approval.
Without SSN (Foreign Owners)
Submit Form SS-4 by fax or mail. Processing usually takes 4–8 business days.
Common Errors
- Incorrect responsible party
- Wrong entity classification
- Address formatting issues
Tags:
Business Formation
Taxes
Finance