![]() Opening a bank account – Banks need an EIN (or SSN if the EIN isn’t needed) before opening a business bank account.The EIN is primarily needed to hire employees, as the EIN used as the account for paying payroll taxes, income tax withholdings, and unemployment taxes. This is a unique nine-digit number that is similar to a social security number for an individual but instead identifies a business. What is the Employer Identification Number (EIN)?ĮIN is short for Employer Identification Number and is sometimes referred to as a Federal Employer Identification Number, FEIN, Federal Tax Identification Number, or Federal Tax ID Number. ![]() How much does it cost to get an EIN in Kansas?.What Information Do I Need to Get an Employer Identification Number?.What is the Employer Identification Number (EIN)?.
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