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

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 October 8, 2020 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.

 

What other law questions do you have about company ownership and board meetings?

 

Related posts:

  1. How to change company ownership for a single-member LLC?
  2. What company financial reports does an LLC need?
  3. Can you create board minutes years later?
  4. Can I use my personal cash account for business?
  5. Should a non-profit take and keep detailed minutes of board meetings?

Tagged as: board meetings, board minutes, board of directors meeting, business name change, cash accounts, company change name, company change of name, company financial reports, company ownership, employer tax ID, how to change a company name, how to take minutes, meeting agenda, new EIN

To get the latest posts delivered right to your inbox, enter your email in the box below:

back to top