Getting a Second EIN Number: What You Need to Know

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How do I get a second EIN number?
If you determine you need another or multiple new EINs, the easiest and fastest way is to complete an online application. Other application methods, such as by mail or phone call, can take several weeks to complete. GovDocFiling makes the whole process simple and efficient.
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You could require a second EIN if you are a business owner. Maybe you created a new company, bought an existing one, or you need to divide your company into different organizations. Whatever the cause, getting a second EIN is not too difficult.

To begin with, it’s crucial to remember that if you own various firms that are not a part of the same legal company, you are permitted to have multiple EINs. However, a single firm or entity cannot have more than one EIN.

You can apply for a new EIN through the IRS website if you need one for a different corporation or LLC that is a separate legal entity. You will need to give information about the new company entity, and the application procedure will be similar to when you first applied for an EIN.

It’s crucial to remember that you cannot apply a new or distinct business entity with an old EIN. Using an existing EIN for a new firm might result in both legal and financial problems because each EIN is specific to the entity to which it was assigned.

A second EIN cannot be obtained if you run two firms under the same name. Instead, you must use the same EIN to run both firms. You can, however, get a distinct EIN for every firm you own if it has a different name.

You do not require a different EIN if you are conducting business under a DBA (Doing Business As) name. A DBA is merely a name that your company uses; it has no bearing on the company’s legal status. However, you might require different EINs for each company if you run many firms under various DBA names.

In conclusion, if you are setting up a different legal company for your firm, getting a second EIN is pretty simple. However, you cannot apply for a second EIN for a company that is already doing business under one name, nor can you utilize an old EIN for a new company. You might need different EINs for each entity if you run several firms under several names.

FAQ
Is it better to have multiple LLC or DBA?

Depending on your particular business needs and objectives, it will depend on whether it is better to have many LLCs or DBAs. Each choice comes with benefits and drawbacks. The protection provided by several LLCs for your personal assets can be better, but there may be more costs and paperwork. Operating under a DBA, on the other hand, can be less time-consuming and less expensive, but it doesn’t offer the same amount of liability protection. It’s best to seek advice from a legal or financial expert to choose the strategy that is most appropriate for your company.