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Federal Tax Identification Number: Glossary Definition

Definition of Federal Tax Identification Number (FEIN):

This is a number assigned to a corporation, LLC or other business entity by the Internal Revenue Service for tax purposes (similar to a Social Security Number, but for entities).  See IRS Form SS-4.

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Today’s Question — Friday, September 10

Must stockholders of my corporation be issued stock certificates?

It depends. The bylaws of the corporation and applicable law should be reviewed to determine if stock my be “certificated” or if it can be “uncertificated.”

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