Tax Identification Number - Business Finance Glossary - YouTube

A company’s Tax Identification Number is a 9-digit number that uniquely identifies a business in order to determine how much the company owes in taxes. The IRS assigns a Tax ID Number to all registered businesses that owe taxes. You can use your company’s Tax ID Number to do everything from hiring employees, to applying for permits and patents to opening a business bank account. The Biz2Credit Business Finance Glossary: this free resource from Biz2Credit has all the information on key financial terms you need to know for your small business. Browse through all of the most important concepts you need to know when running your own business, all in one place. Discover more business finance terms at