Does my LLC need a Separate EIN?

If you are the only member of your LLC, your LLC does not need a separate EIN (Employer Identification Number).

Instead, you can use your own SSN (social security number) for the LLC (such as to open up a bank account).

However, if you anticipate that your LLC would soon have another member, it may be a good idea to set it up with its own EIN.

This is because LLCs with two or more members need its own EIN for tax purposes.

You can apply for an EIN here.

Please note that a corporation, even if it only has one shareholder, needs to have its own EIN.

Disclaimer

This is not legal advice and does not create an attorney-client relationship between you and the author. This article is being furnished for educational purposes only.

The author makes no warranty as to the accuracy, completeness or applicability of the information and undertakes no obligation to update the information.