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ezcpa
ezcpa, CPA
Category: Tax
Satisfied Customers: 171
Experience:  Certified Public Accountant
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I have an LLC with only myself as a member. I have an EIN #.

Customer Question

I have an LLC with only myself as a member. I have an EIN #. I recently added a new member making it a two member LLC. Question do I need to apply for a new EIN # XXXXX [email protected]
Submitted: 5 years ago.
Category: Tax
Expert:  ezcpa replied 5 years ago.

Hello. Thank you for your question.

 

No, you do not need to apply for a new EIN.

 

However, you may need to change the type of tax return you file. Single member LLCs often choose to be a disregarded entity - meaning they file their annual activity on their form 1040. Now that you have 2 members, you will need to use form 1065 (partnership) or form 1120S (S-Corporation).

 

Check your records and see if you filed form 8832, which tells the IRS what tax form you are going to use for your LLC. Here is a link to the form so you can see what it looks like. http://www.irs.gov/pub/irs-prior/f8832--2012.pdf

 

I hope this answers your question. Please let me know if you need additional information. I appreciate feedback. Thank You!

 

 

Customer: replied 5 years ago.
do I need to change the ID#
Expert:  ezcpa replied 5 years ago.

No you do NOT need to change the ID#

 

Expert:  ezcpa replied 5 years ago.

Paul, is there anything else I can help you with?

 

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