# EIN (Employer Identification Number)

The federal tax ID a business runs payroll and files returns under.

Which EIN survives the deal follows the structure, and the bank will ask before the wire. An [asset purchase](https://searchspheresource.com/glossary/asset-vs-stock-sale) runs through your new entity, which needs its own EIN from day one. A stock purchase keeps the company's existing number and its filing history with it.

In numbers: The application is free and takes minutes online, but a $4,000,000 asset purchase needs the buyer's EIN weeks before closing for the bank account, payroll setup, and license filings that all key off it.

Source: https://searchspheresource.com/glossary/ein
Not dated: A definition is editorial: what a term means, why it matters, and an example. None of it reads a source that can go stale, so there is no date to take and a stamped one would be the build time wearing a costume.

Site index for machines: https://searchspheresource.com/llms.txt