You don’t need to obtain a new Employer Identification Number, or EIN, if you’re simply changing the name of an existing business, though the IRS does expect you to provide notification of the new name after you register it.
Any time the structure of a business changes, you will need to apply for a tax ID number. A sole proprietorship that becomes a partnership or corporation, for example, requires a different tax ID number.
As in the case of name changes, moving your business to a new location doesn’t require changing your EIN number. In fact, there are several things you can do with your business under an existing tax ID number:
When you already have a valid EIN for your company, the IRS will not issue you a new one. That means it’s important to understand whether you qualify or not before filing an application to avoid spending unnecessary time and money.
If your business seems to be located in a gray area and you’re not sure what to do, our professional advisors can help. Contact us for assistance applying for EIN or preparing documents related to business structure changes. That way you receive all of the benefits with none of the stress.