What To Do With Your EIN When Hiring New Employees
Recently we were asked if a single-member limited liability company (LLC) has to get a new EIN after it hired an employee. Again we provide the typical lawyer’s answer, which is “it depends.” The Internal Revenue Service (IRS) rules regarding this situation are as follows: Single Member LLCs with Employees. For wages paid on or […]
Changing Your EIN When Your Business Name Changes
A client recently changed the name of their business and asked whether they must obtain a new Employer Identification Number (EIN) from the Internal Revenue Service (IRS). First, check whether your type of entity needs a new EIN if it changes its name. If a new EIN is not necessary, then the business must change […]