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Tax ID

Asked by: Donna - 22 January, 2013
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/default.png-f1597c1da25f30f8c1a941405e8391c8 If you already have a tax ID under sole ownership for your company but are now forming a corporation, do you reapply for a new tax ID?
Answered by: Ray Albert - 23 January, 2013
https://d25eic0jctudgb.cloudfront.net/images/site/avatars/194.jpg-630c771619e92bede7e6f696b56767b9 Donna,

Whenever forming a new entity, such as an LLC or a Corporation, you are typically required to obtain a new federal tax id (EIN) for the new entity.

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