Using a Single EIN for Multiple Units and DBAs
A company can use one EIN across units with fictitious names. You can have multiple DBAs under a sole proprietorship or names under a corporation. Whether an EIN is required depends on your structure and taxes.
You can file forms yourself paying fees if applicable. When changing a name, submit an EIN change. Each entity can have one EIN.
Fictitious Names, DBAs, and EIN Requirements
Operating several businesses under one company has risks. Businesses taxed differently require separate EINs. An EIN identifies your business to the IRS. Bankers may request an EIN.
Most states require registering DBAs. Not all need EINs. Requirements depend on structure and taxes paid.
Series LLC and EINs
A Series LLC allows “series” within an entity, each with assets and liabilities. The IRS has no Series LLC guidelines. Separate EINs avoid confusion.
Some use attorneys to separate assets between series and keep records separately. The parent LLC obtains an EIN. Regarding series EIN needs, consult professionals.
Delaware does not require reporting for Series LLC series. With bank accounts, series have EINs. You can quickly apply for EINs online.
Differences Between Series LLCs and EIN Applications
There are differences between registered and protected series LLCs. Key differences relate to formally registering with the state.
Assets can divide into independent series with different members and managers. Some states allow LLC series options including Alabama. Investors isolate properties with Series LLCs. Companies use them to shield operations.
Check if your state requires Professional LLCs for licensed professionals. Some mandate them while others allow choosing between LLCs.
Each Delaware Series must apply for an IRS EIN. Each is a separate tax entity. Banks often require EINs for series’ accounts.