Do I need a new EIN for LLC?

Forum|Forum|5 years ago
July 30, 2020
3 replies
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I have been operating as a sole proprietor for a long time now under a DBA that has an EIN. I just registered the business as an LLC. Do I need a new EIN for the LLC. The company name is the same except for the LLC on the end now.

Not A Product Question

Best answer by Anonymous_

You will not be required to obtain a new EIN if the following is true:

A new LLC with one owner (single member LLC) is formed under state law, does not choose to be taxed as a corporation or S corporation, and has no employees or excise tax liability. NOTE: You may request an EIN for banking or state tax purposes, but an EIN is not required for federal tax purposes.

See https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein

Anonymous_Answer

Level 15

You will not be required to obtain a new EIN if the following is true:

A new LLC with one owner (single member LLC) is formed under state law, does not choose to be taxed as a corporation or S corporation, and has no employees or excise tax liability. NOTE: You may request an EIN for banking or state tax purposes, but an EIN is not required for federal tax purposes.

See https://www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein

Opus 17

Level 15

If you have employees, you must have an EIN.

You can get an EIN on the IRS web site for free in about 15 minutes even if you aren't required to have one, and this saves you from having to give your personal SSN to clients and vendors.

Carl

Level 11

Since the name of the business did not change, and you only added "LLC" to it, you do not need a new EIN. The absolute only thing that will change on your tax return for the business, is the addition of "LLC" to the business name, and that's it.