When do I need a new employer tax ID for an LLC?

Nina L. Kaufman, Esq.

Nina L. Kaufman, Esq.

An award-winning small business attorney in New York City, Nina is a sought-after professional speaker and Entrepreneur Magazine online contributor. She is the go-to counsel for knowledge economy and creative companies, delivering legal services and educational resources that save them time, money, and aggravation.

Posted on August 2, 2014 in Form a Company

Q.:  I recently became a sole owner of an LLC due to a partnership split. I am renaming the LLC due to the split. Is it necessary to obtain a new employer tax ID (also known as an “EIN”) for the new LLC?

 

A.:  Generally, a simple name change of an LLC does not require a change in employer tax ID.  However, when the ownership changes from multiple owners to a single owner (as is the situation you’re facing), a new employer tax ID is required.  The IRS website has helpful information on the subject of employer tax ID numbers.

 

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