Under what circumstances am I required to change my employer identification number (EIN)?
If you already have an EIN, and the organization or ownership of your business changes, you may need to apply for a new number. Some of the circumstances under which a new number is required are as follows: • An existing business is purchased or inherited by an individual who will operate it as a sole proprietorship • A sole proprietorship changes to an LLC, corporation, or partnership, • A partnership changes to an LLC, corporation, or sole proprietorship, • A corporation changes to an LLC, partnership, or sole proprietorship, • An LLC changes to a corporation, partnership, or sole proprietorship, or • An individual owner dies, and the estate takes over the business.
If you already have an EIN, and the organization or ownership of your business changes, you may need to apply for a new number. Some of the circumstances under which a new number is required are as follows: • An existing business is purchased or inherited by an individual who will operate it as a sole proprietorship • A sole proprietorship changes to a corporation or a partnership, • A partnership changes to a corporation or a sole proprietorship, • A corporation changes to a partnership or a sole proprietorship, or • An individual owner dies, and the estate takes over the business. This list is not all inclusive. Please refer to the website www.irs.gov under Business, then Employer ID Numbers.
If you already have an EIN, and the organization or ownership of your business changes, you may need to apply for a new number. Some of the circumstances under which a new number is required are as follows: An existing business is purchased or inherited by an individual who will operate it as a sole proprietorship, unless the new owner already has an EIN, A sole proprietorship changes to a corporation or a partnership, A partnership changes to a corporation or a sole proprietorship, A corporation changes to a partnership or a sole proprietorship, or An individual owner dies, and the estate takes over the business.
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