What Is an EIN?

An EIN, or Employer Identification Number, is a nine-digit federal tax ID issued by the IRS. It identifies your LLC for tax filing, payroll, and banking — similar to a Social Security number, but for your business. You will need an EIN to open a business bank account, hire employees, or apply for business credit.

Is an EIN Free?

Yes. The IRS never charges a fee for an EIN. When you order EIN application service through The LLC Factory, you are paying for correct, same-day preparation and filing — not for the EIN itself.

Does My LLC Need an EIN?

Multi-member LLCs are required to have an EIN. Single-member LLCs without employees are not always required to have one but almost always benefit from getting one, since most banks require an EIN to open a business checking account.

How Long Does It Take?

When your LLC formation is approved, we submit your EIN application to the IRS and typically receive your number the same business day.