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

By Nina Kaufman, Esq.

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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