EIN for Single Member LLC's

Discussion in 'EIN (Employer Identification Number)' started by leo, Feb 22, 2012.

  1. leo

    leo Member

    Based on this STARTicle: http://www.choosewhat.com/starticles/sole-proprietorships-vs-single-member-llcs-which-is-better, it looks like I don't need an EIN if I am a single member LLC. Can you please verify this? If this is true, please add this to the list of businesses that don't need an EIN in this How To.

    Thanks!

     
  2. Larry Bills

    Larry Bills New Member

    Thank you for the post, Leo. We have added the single-member LLC as a business that does not need an EIN to the article you referenced. For more detail on single-member LLCs, you can visit the IRS website at the link below. There are a couple nuances, but in a nutshell a single-member LLC does not need an EIN if it is a "disregarded" entity that has no employees nor any excise tax liabilities.

    http://www.irs.gov/businesses/small/article/0,,id=158625,00.html

     

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