If You Have An Ein Do You Need To Register Your Company Name?

A single-fellow member LLC is only required to have an EIN if it has one or more than employees or excise tax liabilities—however, yous may still find it beneficial to obtain an EIN for your LLC.

The Employer Identification Number (EIN) is used by the Internal Acquirement Service to place a business entity. You may as well see this number referred to equally a federal tax identification number. While nearly businesses will demand to have an EIN, some exceptions to this requirement be, such as if your limited liability company (LLC) is a single-fellow member LLC.

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Tin can You Have an LLC Without an EIN?

All multi-member LLCs require an EIN, regardless of whether they are taxed as a partnership or have elected to be taxed as a corporation.

However, the situation for single-member LLCs is a little different. Unless a single-member LLC has elected to exist taxed every bit a corporation, the IRS treats information technology equally a disregarded entity. This means the LLC's income is treated as the owner'south income for federal income tax purposes.

A single-fellow member LLC that's treated equally a disregarded entity is not required to obtain an EIN unless it has:

One or more employees
Excise tax liabilities

Additionally, if you make any changes that result in your LLC not being classified every bit a disregarded entity, yous will need to apply for an EIN. For example, if yous add together a fellow member to your LLC so it's no longer a unmarried-member LLC, you will need to get an EIN.

What Is My LLC's Tax ID Number?

An LLC that's treated as a disregarded entity mostly will non use its own EIN for any reporting or filings that are required for income taxation purposes. Instead, the LLC must utilize either the possessor'due south Social Security number (SSN) or the owner'southward EIN. This is the example even if you take obtained an EIN for your LLC.

Yet, for certain excise tax or employment tax filings, the LLC will be required to use its own EIN. For those filings, then, you would need to provide the LLC's EIN, and not the SSN or the EIN of the LLC's owner.

Should I Get an EIN for My LLC?

Even if you're non required to obtain an EIN for your LLC, your LLC might benefit from having ane. For example, most banks require LLCs to provide an EIN in order to open a bank account. Yous can utilise for an EIN even though yous're not required by the IRS to have i.

How Practise I Obtain an EIN for My LLC?

Applying for an EIN is an easy process, and no fees are involved. You accept three options:

Online application: You can submit an online application for an EIN direct through the IRS website. This is the quickest way to obtain an EIN, as information technology will exist issued to you immediately later on your information has been validated at the finish of your online session.
Application by fax: You tin can utilize for an EIN via fax, by sending Form SS-iv (PDF) to the advisable fax number. According to the IRS, one time a conclusion has been made that your LLC needs an EIN, your new EIN will be faxed to yous inside four business organization days.
Application past mail: Yous tin also mail in a completed Form SS-4. Once a determination has been made that your LLC needs an EIN, your new EIN volition be mailed to you.

A single-fellow member LLC is only required to obtain an EIN if information technology has ane or more employees or if it's subject to excise taxation liabilities. However, you lot may nevertheless find it beneficial to take an EIN for your LLC. Whether you lot're required to get an EIN or you need one for a non-IRS-related reason, applying for an EIN for your LLC is an easy process.