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if you own a business at some point youamp;#39;re probably going to need to apply for an ein in this weekamp;#39;s episode iamp;#39;m going to dive in and tell you a little bit about what an ein number is and how to get one for your business now an ein is also known as a business tax id so think of it as your social security number but for your business what it is is a nine digit id number thatamp;#39;s assigned by the irs you can get one really easy most people think itamp;#39;s pretty complicated but itamp;#39;s not what you use this number for is for filing your business tax returns using it when issuing your payroll it also comes in really handy when youamp;#39;re opening up your business bank accounts which i have talked before about so make sure that you listen in if this is something thatamp;#39;s still on your to-do list now thereamp;#39;s two things that you need to know before you apply for an ein youamp;#39;ve got to determine your eligibility so what that