How Do I Change My LLC with the IRS? IRS Notification of LLC Changes

by

Updating Address and Name

You need to file Form 8822-B to change your LLC’s address with the IRS. If your LLC’s physical location and/or mailing address has changed, you’ll want to update the IRS as soon as possible to make sure you get all your LLC’s mail.

How does a business change its name with the IRS? In order to legally effect a name change, LLCs and corporations are required to file a Certificate of Amendment with the state where they were originally formed. You can submit a copy of this document along with a name-change letter to the IRS to update your new name in the IRS records.

Business Name and EIN Changes

Can I change my business name and keep my EIN? When you change your business name, you generally do not have to file for a new EIN. Instead, you submit an EIN name change.

The specific action required may vary depending on the type of business. If the EIN was recently assigned and filing liability has yet to be determined, send Business Name Change requests to the IRS address where you file your return.

In some situations, a name change may require a new Employer Identification Number (EIN) or a final return. See Publication 1635, Understanding Your EINPDF, to make this determination.

If you need acknowledgment of the name change, please ask for one to be sent. Follow the chart below to determine who the authorized individual is to make the business name change for your type of business:

Type of Business            | Action Required
----------------------------|-----------------
Sole Proprietorship         | Name Change Letter
----------------------------|-----------------
Other Types                 | Certificate of Amendment & Name Change Letter

Responsibility Party and Ownership Changes

You need to complete Form 8822-B and send it to the IRS to change the EIN Responsible Party for your LLC. If the Responsible Party for your LLC has changed, you’ll need to update the IRS as soon as possible, as per their requirements.

Does change of ownership require a new EIN? Business owners and other authorized individuals can submit a name change for their business.

If the EIN was recently assigned and filing liability has yet to be determined, send Business Name Change requests to the IRS address where you file your return.

If the change in ownership changes the tax status of the LLC, you’ll file Form 8832 with the IRS. However, you cannot transfer an EIN to a new owner.

With one EIN, if any of the businesses under that number is sued, the assets of all of the businesses are at risk. You cannot cancel your EIN. To close your account with the IRS, send a letter and explain the reason you want to close your tax account.

Leave a Comment