Adding Your LLC to Your Business Name with the IRS: A Comprehensive Guide

by
How do I add my LLC to my business 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.
Read more on www.upcounsel.com

If you’ve just formed an LLC for your company, you might wish to change the name of your company with the Internal Revenue Service (IRS) to reflect the change. This can make it easier for customers, suppliers, and other collaborators to understand your organizational structure. Adding your LLC to your business name with the IRS is covered in this article, along with questions pertaining to EINs and running numerous firms.

How to Update Your Business Name with the IRS to Include Your LLC

The IRS has a rather simple procedure for adding your LLC to your business name. Using Form SS-4, the Employer Identification Number (EIN) application, you must update your information. You can use the same form to update your information if your company already has an EIN. The steps are as follows:

1. Order a copy of Form SS-4 from the IRS by visiting their website or contacting their toll-free number. 2. Complete the form with information about your company, such as your LLC name and EIN.

3. Check the “Limited Liability Company (LLC)” box in Section 9a and provide the name of the state in which your LLC was established. 4. If your LLC only has one member and you have not chosen to be taxed as a corporation, your LLC will automatically be regarded as a sole proprietorship. In this scenario, you wouldn’t have to change the name of your company’s IRS filing to include your LLC.

5. Send the IRS your filled-out form via mail, fax, or online.

Am I Allowed to Have Two EINs? You should typically only have one EIN number for your company. As long as all of your firms are operated as a sole proprietorship and share the same legal name and tax ID number, you are permitted to use a single EIN for all of them. You will require a different EIN for each of your LLCs or other business entities if you have more than one of them.

How many EINs is allowed for a sole proprietor?

As was already established, if all of a sole proprietor’s enterprises are a member of the same legal corporation, they can all operate under the same EIN. However, you will require a different EIN for every business if you have a different legal entity for each one (for example, numerous LLCs).

How many EINs are permitted?

Generally speaking, your company should only have one EIN number. You can use the same EIN for all of your enterprises if they are all a part of the same legal corporation. You will require a different EIN for every legal entity you have, such as distinct LLCs.

Can Two Companies Form One LLC?

Most of the time, every firm should have its own EIN number and legal structure (such as an LLC or corporation). However, it is permissible for one LLC to possess many companies as long as they all belong to the same sector or family of goods. This is referred to as a “series LLC” and is only accessible in a few states.

Adding your LLC to your business name with the IRS is a quick and easy process that can assist people understand your business structure. Remember to obtain a different EIN for each legal entity you possess, and think about consulting a specialist if you are unsure of your company’s organizational structure or tax status.

FAQ
Moreover, what is a single llc?

A Limited Liability Company (LLC) that has just one owner is known as a Single LLC. Another name for it is a single-member LLC.

Leave a Comment