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Applying for EIN for SMLLC Subsidiary

Greetings, I am trying to apply for EIN for my Subsidiary SMLLC (100% owned by the parent LLC). I am confused regarding Responsible Party on the Online EIN application.

Since an Entity is not longer allowed to be the Responsible Party, if enter my name and SSN as the responsible party, how will the IRS be made aware that the application is for a Passthrough Disregarded Subsidiary and not a SMLLC? I didn't see a line/space for a proper "authorized signor" signature either. I just need the EIN to open a bank account to be able to fund the subsidiary and it won't have employees either. Any suggestions will be greatly appreciated. Thanks in advance:)

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4 Replies
PatriciaV
Employee Tax Expert

Applying for EIN for SMLLC Subsidiary

The responsible party is in charge of the entity and its assets. You can use the EIN to open a bank account immediately, since your name and SSN is listed as the responsible party. The bank will designate you as the authorized signer on their account documents.

 

Read more about this here: IRS: Employer identification number

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Applying for EIN for SMLLC Subsidiary

an individual can only have 1 EIN for all their businesses

Applying for EIN for SMLLC Subsidiary

Thank you Patricia. Could you please clarify, from your response, if you are referring to the Parent LLC EIN or the Subsidiary LLC EIN? By entering my personal name and SSN on the Subsidiary EIN application, I become the Responsible Person for the Subsidiary LLC and not of the Parent LLC. I am just trying to ensure that when filing taxes, the income and losses are first passed to the Parent LLC (100% owner of the Subsidiary) and not to me (personal taxes) directly. It is confusing because on the application, there is no space to enter the Parent LLC EIN or entity name. Thanks again and looking forward to your response. 

Applying for EIN for SMLLC Subsidiary

Thank you Mike9241, I am applying for an EIN for my SMLLC Subsidiary that 100% owned by the Parent LLC which has its own EIN. 

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