As your business expands, you may need to change its entity type. What started as a sole proprietorship may need to evolve into a partnership. Maybe you are planning to incorporate your partnership. Eventually, your company’s profits and growth potential will outweigh the tax advantages of the structure you started with. You may be wondering, “Do I need a new EIN for each business structure change?” Read below to find out when to get an EIN number change.
New EIN for Sole Proprietors
If you’re operating as a sole proprietorship, you’ll need a new EIN if:
If none of these apply to you, then you don’t need a new EIN.
When Partnerships Need a New EIN
Are you wondering, “When do I need a new EIN for my partnership?” then here are your answers:
If none of these situations are relevant, don’t worry about applying for another EIN.
Do you have a corporation? If so, you’re required to get a brand new EIN if any of these situations apply to you:
If you determine you need a new EIN for your corporation, learn how to get a tax form for an LLC or corporation.
Getting a new EIN is easy when you use GovDocFiling. Just fill out our convenient federal EIN application to get started.