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Do I need a new EIN for LLC?

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. 

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Accepted Solutions

Do I need a new EIN for LLC?

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

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4 Replies

Do I need a new EIN for LLC?

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

Do I need a new EIN for LLC?

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 15

Do I need a new EIN for LLC?

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.

 

Do I need a new EIN for LLC?


@Carl wrote:

Since the name of the business did not change, and you only added "LLC" to it, you do not need a new EIN. 


That is actually an incorrect statement; a new EIN does not need to be obtained if only the name of the business is changed.

 

You will not be required to obtain a new EIN if any of the following statements are true.

  • You change the name of your business.

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

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