Do You Need a New EIN





When do I need to change my EIN number?

Do You Need a New EIN - Changing the name of your business does not require you to obtain a new EIN. Businesses need a new EIN when their ownership or structure has changed. The information below provides answers to frequently asked questions about changing your EIN.

Sole Proprietors

You will be required to obtain a new EIN if the following statements are true.
  • You are subject to a bankruptcy proceeding.
  • You incorporate.
  • You take in partners and operate as a partnership.
  • You purchase or inherit an existing business that you operate as a sole proprietorship.
You will not be required to obtain a new EIN if the following statements are true.
  • You change the name of your business.
  • You change your location and add other locations.
  • You operate multiple businesses.


Corporations

You will be required to obtain a new EIN if the following statements are true.
  • A corporation receives a new charter from the secretary of state.
  • You are a subsidiary of a corporation using the parent's EIN or you become a subsidiary of a corporation.
  • You change to a partnership or a sole proprietorship.
  • A new corporation is created after a statutory merger.
You will not be required to obtain a new EIN if the following statements are true.
  • You are a division of a corporation.
  • The surviving corporation uses the existing EIN after a corporate merger.
  • A corporation declares bankruptcy.
  • The corporate name or location changes.
  • A corporation chooses to be taxed as an S corporation.
  • Reorganization of a corporation changes only the identity or place.


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Partnerships

You will be required to obtain a new EIN if the following statements are true.
  • You incorporate.
  • Your partnership is taken over by one of the partners and is operated as a sole proprietorship.
  • You end an old partnership and begin a new one.
  • 50 percent or more of the ownership (measured by interests in capital and profits) changes hands within a 12-month period.
You will not be required to obtain a new EIN if the following statements are true.
  • The partnership declares bankruptcy.
  • The partnership name changes.
  • You change the location of the partnership or add other locations.
Do You Need a New EIN

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