Indeed - there is a legal entity - and the EIN was assigned to THAT entity.
I understand that that entity was formed by a group of individuals - and these individuals own the entity.
Form SS$ was signed by someone - correct? So that person was acted as an officer in charge of the entity.
Someone is in charge of the bank account - and is authorized to sign checks - correct? So your group has an officer in charge authorized by all group members - correct?
So - the legal entity exists - officers are appointed - and we need to classify your entity for tax purposes.
Regardless what you select on SS4 - based on your information - I would classify your entity as a partnership.
So in this case - we need to verify filing requirements for the partnership.
A partnership is the relationship existing between two or more persons who join to carry on a trade or business. Each person contributes money, property
, labor or skill, and expects to share in the profits and losses of the business.
Now - regarding filing requirements
page 3 - Who Must File
Domestic Partnerships. Except as provided below, every domestic partnership must file Form 1065, unless it neither receives income
nor incurs any expenditures
treated as deductions
for federal income
That would be the determination...