By Mark Oldberg: August 24, 2016: Blog


Many new business owners are wondering how to get their federal tax ID or EIN (Employer Identification Number). You need one of these for several reasons, and one of the earliest you will see is that you need it to open a business bank account. Obtaining the required tax numbers for your small business is very easy but there is a lot of misinformation out there. 

Let's explain how to get your Federal EIN.

The process to get your EIN is a completely online process that can be completed in around 5 minutes. There are many people out there that will charge from $49 to $249 to do this for you, but getting your EIN is free through the IRS website. 

To apply for your Federal tax ID you can simply follow this link to the IRS's EIN application.

Simply click the "Apply Online Now" link and you will be taken to the application. Some of the information you will need includes:

  1. Your business address
  2. How many owners you have
  3. Your Social Security Number
  4. When your business started
  5. Number of employees you plan to have
  6. What industry is your business in


A step by step guide, including screenshots, through the EIN application is including in our how to form a business guides.

Remember that you will also have to get Tax IDs for individual state as well. 



  • Taxes
  • Forming a Business


Get My 8 Weeks to Launch Daily Checklist for Free

Before you do anything else, I would love to share some exclusive content with you. I want to take you on a guided process in my 8 Weeks to Launch Checklist. This is the play-by-play manual that I give all my consulting clients. It shows you exactly what you need to be doing and learning in order to go from idea to launch. It walks you through the steps of business planning, marketing, accounting, legal, and more. It is a great resource for anyone that wants to start a business. 

Subscribe below to get the checklist and other exclusive content.