New Federal Requirement: Starting January 1, 2024, most business entities in the US will need to report Beneficial Ownership Information.
I am considering changing my sole proprietorship business to a S-corp. Will I need to get a new EIN or will same EIN transfer?
Brad,
If you are forming a new corporaiton this corporation would need to have it’s own new EIN. Transfers of EIN are only possible in some marginal cases, and usually it’s recommended to just obtain new EIN for each new legal entity.
(a) You made a typo in the card number, CCV code, expiration date, name or address;
(b) Your card balance is too low;
(c) Issuing bank has declined this transaction for some other reason related to your account.
