What is an fei number?

FEI number stands for Federal Employer Identification Number, also known as Employer Identification Number (EIN). It is a unique nine-digit number assigned by the Internal Revenue Service (IRS) to identify a business entity for tax purposes.

Businesses use FEI numbers for various purposes including filing taxes, opening bank accounts, applying for business licenses, and hiring employees. Sole proprietors may also obtain an FEI number to separate their personal and business finances.

To obtain an FEI number, businesses must apply through the IRS website or by mailing a completed Form SS-4 to the IRS. It is important for businesses to keep their FEI number confidential and secure, as it is used to verify their identity for tax purposes.