Changing the Name on Your EIN Number: A Step-by-Step Guide

How can I change the name on my EIN number?
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.
Read more on www.irs.gov

You’ve probably heard of an EIN (Employer Identification Number) if you own a business. In order to identify your company for tax purposes, the IRS has assigned you a special nine-digit number. Due to a change in the name of your company or ownership, you may occasionally want to update the name listed on your EIN number. We’ll walk you through the procedure of updating the name on your EIN number in this article.

Obtain Form SS-4 in Step 1

You’ll need to download Form SS-4 from the IRS website in order to modify the name listed on your EIN number. You can use this form to request an EIN number as well as to update the name on an existing EIN number.

Step 2: Complete Form SS-4 Put the new name you desire for your company on Form SS-4. Make sure to provide all relevant details, such as your previous EIN number and the justification for the name change. The form can be completed online or printed out and mailed to the IRS.

Step 3: Send in the SS-4 form You can send Form SS-4 to the IRS once you’ve completed it. You can fax it to the number listed on the form, or you can mail it to the address listed on the form. If you decide to mail it, make sure to send it certified mail so you have documentation that the IRS got it.

Wait for confirmation in Step 4

You must wait for the IRS to confirm that your name change has been processed after filing Form SS-4. Be patient; this could take up to four weeks. Make sure to update all of your company’s paperwork, such as your business license, bank accounts, and tax returns, as soon as you receive confirmation. Should I Use Myself as the Name of My LLC? It’s your decision whether to name your LLC after yourself. It can be a fantastic method to develop your personal brand and position yourself as an authority figure in your industry. It may, however, also make it more difficult for you to eventually sell your company or recruit partners who might not want to be linked with your name. It is ultimately up to you to choose what is best for your company. Can the names of two LLCs be the same?

No, two LLCs in the same state cannot share the same name. Each state maintains a database of all business names that have been registered, and once a name has been registered, it cannot be used by another company. As long as the name is available and not already in use in the state in which you are doing business, you might be able to use it. Does the name of my company have to match that of my LLC? No, your company name need not be the same as the name of your LLC. You have the option of using a “doing business as” (DBA) name to run your firm under a different name. However, you must use your DBA name, which you must register with the state, on any business-related paperwork. Which is preferable, a sole proprietorship or an LLC? The decision between a sole proprietorship and an LLC depends on your unique demands. The simplest type of business ownership is a sole proprietorship, which doesn’t need to be registered or pay any fees. It also doesn’t provide liability protection, so if your company is sued, your personal assets could be at stake. In contrast, an LLC provides liability protection and may be a better option for firms that are more risky. However, proper registration and payments are also necessary. The choice of ownership structure is ultimately up to you and your firm.

FAQ
Also, how do i change my single-member llc name with the irs?

You must file Form SS-4 with the IRS in order to modify the name of your single-member LLC. Both the new name of your LLC and your current EIN number must be provided. The IRS will issue you a new EIN with the new name of your LLC after processing your application. Additionally, you must change the name of your LLC with the state agency where it was created.

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