Skip to content
BOL Conferences
Thread Options
#2177433 - 05/09/18 06:19 PM Two LLC Companies, One TIN
burkemi Offline
Platinum Poster
Joined: Nov 2013
Posts: 549
I've encountered this a few times, but the second account is usually a DBA or has an Assumed Name certificate with the SOS. The situation I have here is a little different. Company 1 is XYZ Services; Company 2 is XYZ Logistics. Both are registered with the SOS. XYZ Services' registered agent is John Doe (owner). XYZ Logistics' registered agent is XYZ Services, and signed by John Doe (owner).

So John Doe owns both LLCs. The LLCs are titled with the same set of initials (both begin with XYZ). It seems like the intent of XYZ Logistics was to be an Assumed Name, but it's not - it's filed as a separate entity.

My question is, can these businesses share the same TIN?
_________________________
I reject your reality and replace it with my own.

Return to Top
BSA/AML/CIP/OFAC Forum
#2177446 - 05/09/18 06:30 PM Re: Two LLC Companies, One TIN burkemi
Daisy Doodle Offline
Diamond Poster
Joined: Feb 2014
Posts: 1,030
Southern U.S.
We would not permit this.

Return to Top
#2177447 - 05/09/18 06:35 PM Re: Two LLC Companies, One TIN burkemi
ComplianceNewbie Offline
New Poster
Joined: Apr 2017
Posts: 19
While you believe the customer's intent may have been to file an assumed name, what has actually occurred is the creation of a new entity. Separate entities mean different TINs. Of course the customer could attempt to correct this with the SOS also to clear things up.

Return to Top
#2177454 - 05/09/18 06:41 PM Re: Two LLC Companies, One TIN burkemi
RockChucker, CAMS Offline
Diamond Poster
Joined: Jul 2013
Posts: 1,700
The Country
I believe that a single member LLC is permitted to use the members SSN. If this is not the case with this customer then it sounds like you would need to get another TIN for one of the LLCs
_________________________
A successful man is one who can lay a firm foundation with the bricks others have thrown at him.
-David Brinkley

Return to Top
#2177463 - 05/09/18 07:01 PM Re: Two LLC Companies, One TIN burkemi
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
If he is the single member of both LLCs, both can use his SSN for anything other than paying employees. Otherwise, as noted earlier, the two LLCs should have unique EINs.
_________________________
John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
Bankers' Threads User #8

Return to Top
#2177470 - 05/09/18 07:10 PM Re: Two LLC Companies, One TIN burkemi
burkemi Offline
Platinum Poster
Joined: Nov 2013
Posts: 549
Thanks for your responses everyone!
_________________________
I reject your reality and replace it with my own.

Return to Top

Moderator:  Andy_Z