Stage 1: Lay the foundationStep 2 of 25
Get your EIN (tax ID number)
An Employer Identification Number is like a Social Security number for your business. You need it to open a bank account, hire people and file taxes.
- Apply online at IRS.gov. You get the number as soon as the application is approved.
- The online tool is open weekdays 6 a.m. to 1 a.m. Eastern, with shorter weekend hours.
- Download and save the confirmation letter (CP 575). Banks often ask for it.
The IRS says you never have to pay a fee for an EIN. Websites that charge for one are middlemen.
CostFreeWhereIRS.gov
This playbook is general information, not legal, tax or financial advice. Rules change, so confirm details with a licensed professional. Last reviewed September 2026.