Hello. I have formed a Delaware LLC
for holding a vacation home that I might purchase in the future. My pre-existing revocable trust is the sole member of the LLC, and I, as sole trustee of the revocable trust during my lifetime, am the manager of the LLC. My understanding is that I do not need an EIN because, under the circumstances I have described above, the LLC is a pass-through
entity. However, the bank/broker whose services I use says they must have an EIN to set up an account for the LLC.
I have established the LLC for privacy purposes only and plan, when I purchase a home, to pay the bills for the property
out of the LLC bank account, and it would be used for no other purpose. I am hopeful I will not have to file separate income tax returns
for the LLC. Does having an EIN for the LLC necessitate a separate return
, or do i need to file a separate return anyway once I begin to utilize the LLC?